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The Healthcare Informatics 100 Product Breakouts: Clinical Information Systems

June 23, 2016
by the Editors of Healthcare Informatics
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Editor’s Note: Each year, Healthcare Informatics ranks the 100 vendors with the highest revenues derived from healthcare IT products and services earned in the U.S. based on revenue information from the previous year. This year, however, for the first time ever, vendors were also asked to estimate the percentage of revenue earned in all of their product segments. For the vendors that filled out the product revenue data, those percentages were displayed in pie chart form within each listing.

Beyond presenting the product segment revenues in each company listing, Healthcare Informatics editors wanted to further breakdown the top revenue earners in each of our seven segments: Financial Information Systems, Clinical Information Systems, Data Analytics, Data Management, Data Security, Data Exchange, and Consulting Services.

Throughout the next several days, Healthcare Informatics will reveal its top 5 companies by revenue—based on percentage of total health IT revenue—within these seven different categories. Serving as a supplement to the broader Healthcare Informatics 100 list, we hope that this data, along with the brief content that accompanies it, gives you our readers, a greater sense into the latest market trends within each of these respective product categories.

All data has been sent to Healthcare Informatics from the vendors themselves and confirmed by each company.

The Clinical Information Systems category is one that involves such diversity of solutions that it can be difficult to generalize about. Even the largest subcategory within the Clinical Information Systems category, that of electronic health record (EHR) systems, can be difficult to generalize about, given how diverse the major EHR vendors are, along numerous dimensions; though massive consolidation is undeniably bringing down the number of EHR vendors overall.

Still, certain things are clear, including the fact that clinical IS vendors are working to improve the functionality and features of their EHR and other offerings. “As large-scale enterprise EHR implementations decelerate, providers are leveraging these systems to solve today’s business issues like population health, clinical integration, mergers and acquisitions, and growing access and capacity,” says Myra Aubuchon, a St. Louis-based principal with The Chartis Group, the Chicago-based consulting firm. Further, says Aubuchon, the clinical performance excellence leader for the firm’s informatics and technology practice, “Vendors’ investments are on developing and enhancing their solutions to support these strategic business imperatives and the resulting redesigned operational processes for care management, care coordination, new care models as well as an enhanced patient experience.”

Top 5 Clinical Information Systems Vendors by Revenue

Vendor Product Breakout Revenue % Of Whole Revenue
MEDITECH $475,525,581 100%
3M Health Information Systems $335,368,000 44%
Quality Systems Inc. (NextGen) $295,800,000 60%
West Corporation $285,000,000 95%
M*Modal $256,160,000 80%