Findings from a new study released by healthcare technology research and advisory firm, CapSite (a division of Williston, Vt.-based Fletcher/CSI), indicate that there is a $2 billion new business opportunity in the ambulatory EHR space.
The company says its 2010 U.S. Ambulatory EHR Study is a strategic analysis of the U.S. Ambulatory EHR market in response to the HITECH component of the American Recovery and Reinvestment Act. According to CapSite, nearly 70 percent of U.S.-based physician groups or practices have 10 or few physicians. Based on its findings, the company sees an opportunity of more than $1 billion in net new business in the small practice space, it says.
The 2010 U.S. Ambulatory EHR Study is a survey of over 1,000 group practices, outpatient clinics, urgent care centers, and other healthcare facilities. Respondents were asked about recent ambulatory EHR purchases, including purchase timeframe, which vendors they purchased from, and future purchase plans. Respondents also provided information on their strategies to achieve and document meaningful use, their considerations to replace existing PM/EHR solutions, and other important aspects of their decision making in the EHR field.