PRACTICE MANAGEMENT SYSTEM MARKET ANALYSIS

Market News

Key Developments

1. Major players are focused on various business strategies such as product launches to expand their product portfolio. For instance, in March 2018, Allscripts, a healthcare solutions provider, launched Avenel, which is healthcare industry’s first machine learning electronic health record (EHR). Avenel is built on Microsoft Azure cloud that will offer new approach and mobility to users.
2. Key players are focused on different business strategies such as merger and acquisition to gain competitive advantage in the market. For instance, in July 2019, Henry Schein acquired an Italian dental practice management software company Elite Computer Italia. This deal will provide integrated software platforms to dental teams.
3. Major companies in the market are involved in different business strategies such as partnership and collaboration, in order to enhance their market presence. For instance, in March 2019, McKesson Corporation collaborated with Navigating Cancer, in order to provide an enhanced Patient Relationship Management (PRM) platform for community-based oncologists. This software platform will offer improved patient management in value-based care.