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U.S. Practice Management System Market Size, Share & Trends Analysis Report By Product (Integrated, Standalone), By Component, By Delivery Mode, By End-use, And Segment Forecasts, 2024 - 2030

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    Report

  • 90 Pages
  • April 2024
  • Region: United States
  • Grand View Research
  • ID: 4621749
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U.S. Practice Management System Market Growth & Trends

The U.S. practice management system market size is anticipated to reach USD 10.1 billion by 2030, growing at a CAGR of 9.40% from 2024 to 2030. The market's growth can be attributed to the changing dynamics of hospital/healthcare settings and increasing pressure to curb healthcare costs. With the help of practice management systems, healthcare providers can offer the right treatment at an effective price, thus reducing treatment costs.

The rising demand for value-added products and services contributes to the adoption and utilization of practice management systems (PMS). PMS software helps streamline administrative tasks, such as appointment scheduling, billing, and electronic health record (EHR) management. Integrating value-added services into PMS platforms enhances the overall patient experience, optimizes workflow efficiency, and improves practice profitability. For instance, in December 2023, Veradigm LLC launched a conversational AI agent for Practice Fusion Billing Services. The AI can help answer questions in a conversational format and simplify the billing process for independent healthcare providers. This enhancement aimed to optimize financial management for healthcare providers and meet their needs.

U.S. Practice Management System Market Report Highlights

  • Based on product, the integrated segment held the largest market share in 2023. This can be attributed to the product benefits such as improved efficiency and communication across different departments, as well as decreased administrative and medical errors.
  • Based on component, the software segment dominated with the largest revenue share in 2023, owing to the new product launches and advancements in technology with the implementation AI and IoT.
  • Based on delivery mode, the web-based segment dominated the market in 2023, owing to the benefits such as rapid Return on Investment (RoI), affordability, and ease of deployment.
  • Based on end-use, physician back office dominated the U.S. market for practice management systems in 2023. This can be attributed to the growing adoption of these systems in the physician offices.
  • In October 2023, Bone & Joint of Albany announced the adoption of Athenahealth, Inc.’s cloud-based suite of integrated EHR, patient engagement, and medical billing solutions. This implementation aims to provide enhanced care quality and accelerate operational efficiency.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Segment Definitions
1.2. Estimates and Forecast Timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources
1.4.4. Primary Research
1.4.5. Details of Primary Research
1.4.6. Research Assumption
1.5. Information or Data Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Model Details
1.7.1. Volume Price Analysis
1.8. Research Objectives
1.9. List of Secondary Sources
1.10. List of Secondary Sources
Chapter 2. Executive Summary
2.1. U.S. Physician Group Market
2.1.1. Market Snapshot
2.1.2. Segment Snapshot
2.1.2.1. Product segment outlook
2.1.2.2. Component segment outlook
2.1.2.3. Delivery mode segment outlook
2.1.2.4. End-use segment outlook
2.1.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Market Trends and Outlook
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.1.1. Changing dynamics of hospital/healthcare settings
3.3.1.2. Development and sale of value-added services
3.3.1.3. Pressure to curb healthcare cost
3.3.1.4. Improving infrastructure and digitalization of healthcare
3.3.2. Market Restraint Analysis
3.3.2.1. Risk of data theft
3.3.2.2. Difficulty in maintaining confidentiality of patient information
3.4. Business Environment Analysis Tools
3.4.1. Industry Analysis - Porter's Five Forces Analysis
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
Chapter 4. Product Business Analysis
4.1. U.S. Practice Management System Market: Product Movement Analysis
4.2. U.S. Practice Management System Product Market: Segment Dashboard
4.3. Product Movement & Market Share Analysis, 2023 & 2030
4.4. U.S. Practice Management System Market Estimates & Forecast, by Product
4.5. Integrated
4.5.1. Integrated market, 2018 - 2030 (USD Million)
4.5.2. Integrating software
4.5.2.1. Integrating software market, 2018 - 2030 (USD Million)
4.5.3. EHR/EMR
4.5.3.1. EHR/EMR market, 2018 - 2030 (USD Million)
4.5.4. e-Rx
4.5.4.1. e-Rx market, 2018 - 2030 (USD Million)
4.5.5. Patient engagement
4.5.5.1. Patient engagement market, 2018 - 2030 (USD Million)
4.5.6. Others
4.5.6.1. Others market, 2018 - 2030 (USD Million)
Chapter 5. Component Business Analysis
5.1. U.S. Practice Management System Market: Component Movement Analysis
5.2. U.S. Practice Management System Market: Segment Dashboard
5.3. Component Movement & Market Share Analysis, 2023 & 2030
5.4. U.S. Practice Management System Market Estimates & Forecast, by Component
5.5. Software
5.5.1. Software market, 2018 - 2030 (USD Million)
5.6. Services
5.6.1. Services market, 2018 - 2030 (USD Million)
Chapter 6. Delivery Mode Business Analysis
6.1. U.S. Practice Management System Market: Delivery Mode Movement Analysis
6.2. U.S. Practice Management System Market: Delivery Mode Dashboard
6.3. Delivery Mode Movement & Market Share Analysis, 2023 & 2030
6.4. U.S. Practice Management System Market, Market Estimates & Forecast, by Delivery Mode
6.5. On Premise
6.5.1. On Premise market, 2018 - 2030 (USD Million)
6.6. Web-based
6.6.1. Web-based market, 2018 - 2030 (USD Million)
6.7. Cloud-based
6.7.1. Cloud-based market, 2018 - 2030 (USD Million)
Chapter 7. End-use Business Analysis
7.1. U.S. Practice Management Systems Market: End-use Movement Analysis
7.2. U.S. Practice Management Systems End-use Market: Segment Dashboard
7.3. End-use Movement & Market Share Analysis, 2023 & 2030
7.4. U.S. Practice Management Systems Market Estimates & Forecast, by End-use
7.5. Physician Back Office
7.5.1. Physician back office market, 2018 - 2030 (USD Million)
7.6. Pharmacies
7.6.1. Pharmacies market, 2018 - 2030 (USD Million)
7.7. Diagnostic Laboratories
7.7.1. Diagnostic laboratories market, 2018 - 2030 (USD Million)
7.8. Other Settings
7.8.1. Other settings market, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Company Categorization
8.2. Company Market Position Analysis
8.3. Strategy Mapping
8.3.1. Merger & Acquisitions
8.3.2. Partnerships/Collaborations/Alliances
8.3.3. New Product Launch
8.3.4. Investment/Funding
8.4. Company Profiles/Listing
8.4.1. Henry Schein, Inc.
8.4.1.1. Overview
8.4.1.2. Financial performance
8.4.1.3. Product benchmarking
8.4.1.4. Strategic initiatives
8.4.2. Veradigm LLC (Allscripts Healthcare, LLC)
8.4.2.1. Overview
8.4.2.2. Financial performance
8.4.2.3. Product benchmarking
8.4.2.4. Strategic initiatives
8.4.3. AdvantEdge Healthcare Solutions
8.4.3.1. Overview
8.4.3.2. Financial performance
8.4.3.3. Product benchmarking
8.4.3.4. Strategic initiatives
8.4.4. Athenahealth, Inc.
8.4.4.1. Overview
8.4.4.2. Financial performance
8.4.4.3. Product benchmarking
8.4.4.4. Strategic initiatives
8.4.5. Cerner Corporation (Oracle)
8.4.5.1. Overview
8.4.5.2. Financial performance
8.4.5.3. Product benchmarking
8.4.5.4. Strategic initiatives
8.4.6. GE Healthcare
8.4.6.1. Overview
8.4.6.2. Financial performance
8.4.6.3. Product benchmarking
8.4.6.4. Strategic initiatives
8.4.7. McKesson Corporation
8.4.7.1. Overview
8.4.7.2. Financial performance
8.4.7.3. Product benchmarking
8.4.7.4. Strategic initiatives
8.4.8. EPIC Systems Corporation
8.4.8.1. Overview
8.4.8.2. Financial performance
8.4.8.3. Product benchmarking
8.4.8.4. Strategic initiatives
8.4.9. NXGN Management, LLC.
8.4.9.1. Overview
8.4.9.2. Financial performance
8.4.9.3. Product benchmarking
8.4.9.4. Strategic initiatives
8.4.10. eClinicalWorks
8.4.10.1. Overview
8.4.10.2. Financial performance
8.4.10.3. Product benchmarking
8.4.10.4. Strategic initiatives
8.4.11. CareCloud, Inc.
8.4.11.1. Overview
8.4.11.2. Financial performance
8.4.11.3. Product benchmarking
8.4.11.4. Strategic initiatives
8.4.12. Kareo, Inc.
8.4.12.1. Overview
8.4.12.2. Financial performance
8.4.12.3. Product benchmarking
8.4.12.4. Strategic initiatives
8.4.13. AdvancedMD, Inc.
8.4.13.1. Overview
8.4.13.2. Financial performance
8.4.13.3. Product benchmarking
8.4.13.4. Strategic initiatives
8.4.14. DrChrono, Inc. (EverCommerce)
8.4.14.1. Overview
8.4.14.2. Financial performance
8.4.14.3. Product benchmarking
8.4.14.4. Strategic initiatives
8.4.15. CollaborateMD Inc. (EverCommerce)
8.4.15.1. Overview
8.4.15.2. Financial performance
8.4.15.3. Product benchmarking
8.4.15.4. Strategic initiatives
8.4.16. OfficeAlly Inc.
8.4.16.1. Overview
8.4.16.2. Financial performance
8.4.16.3. Product benchmarking
8.4.16.4. Strategic initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 U.S. practice management system market revenue estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 4 U.S. practice management system market revenue estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 5 U.S. practice management system market revenue estimates and forecast, by delivery mode , 2018 - 2030 (USD Million)
Table 6 U.S. practice management system market revenue estimates and forecast, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 U.S. practice management system market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain based sizing & forecasting
Fig. 7 QFD modelling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Product & delivery mode segment outlook
Fig. 11 Component & end-use segment outlook
Fig. 12 Competitive landscape
Fig. 13 U.S. practice management system market: Market dynamics
Fig. 14 U.S. practice management system market: Porter’s analysis
Fig. 15 U.S. practice management system market: PESTLE analysis
Fig. 16 U.S. practice management system market: Product segment dashboard
Fig. 17 U.S. practice management system market: Product movement share analysis
Fig. 18 Integrated market, 2018 - 2030 (USD Million)
Fig. 19 Integrating software market, 2018 - 2030 (USD Million)
Fig. 20 EHR/EMR market, 2018 - 2030 (USD Million)
Fig. 21 e-Rx market,2018 - 2030 (USD Million)
Fig. 22 Patient engagement market, 2018 - 2030 (USD Million)
Fig. 23 Others market, 2018 - 2030 (USD Million)
Fig. 24 Standalone market, 2018 - 2030 (USD Million)
Fig. 25 U.S. practice management system market: Component segment dashboard
Fig. 26 U.S. practice management system market: Component movement share analysis
Fig. 27 Software market, 2018 - 2030 (USD Million)
Fig. 28 Services market, 2018 - 2030 (USD Million)
Fig. 29 U.S. practice management system market: Delivery mode segment dashboard
Fig. 30 U.S. practice management system market: Delivery mode movement share analysis
Fig. 31 On premise market, 2018 - 2030 (USD Million)
Fig. 32 Web-based market, 2018 - 2030 (USD Million)
Fig. 33 Cloud-based market, 2018 - 2030 (USD Million)
Fig. 34 U.S. practice management system market: End-use segment dashboard
Fig. 35 U.S. practice management system market: End-use movement share analysis
Fig. 36 Physician back office market, 2018 - 2030 (USD Million)
Fig. 37 Pharmacies market, 2018 - 2030 (USD Million)
Fig. 38 Diagnostic laboratories market, 2018 - 2030 (USD Million)
Fig. 39 Other settings market, 2018 - 2030 (USD Million)
Fig. 40 Company categorization
Fig. 41 Company market position analysis
Fig. 42 Strategic framework

Companies Mentioned

  • Henry Schein, Inc.
  • Veradigm LLC (Allscripts Healthcare, LLC)
  • AdvantEdge Healthcare Solutions
  • Athenahealth, Inc.
  • Cerner Corporation (Oracle)
  • GE Healthcare
  • McKesson Corporation
  • EPIC Systems Corporation
  • NXGN Management, LLC.
  • eClinicalWorks
  • CareCloud, Inc.
  • Kareo, Inc.
  • AdvancedMD, Inc.
  • DrChrono, Inc. (EverCommerce)
  • CollaborateMD Inc. (EverCommerce)
  • OfficeAlly Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages90
PublishedApril 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 5.5 Billion
Forecasted Market Value ( USD ) by 2030 $ 10.1 Billion
Compound Annual Growth Rate9.4%
Regions CoveredUnited States
No. of Companies Mentioned16

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About the Practice Management System Market

Practice Management System (PMS) software is a type of software designed to help medical practices manage their operations. It is used to streamline administrative tasks such as scheduling, billing, and patient records. It also helps to improve communication between staff and patients. PMS software can be used to track patient visits, manage patient records, and generate reports. It can also be used to manage financials, such as accounts receivable and accounts payable. PMS software is used by a variety of medical practices, including hospitals, clinics, and private practices. It is also used by medical billing companies and other healthcare organizations. Some companies in the PMS software market include AdvancedMD, Athenahealth, Cerner, eClinicalWorks, Epic Systems, Greenway Health, Kareo, McKesson, NextGen Healthcare, and Practice Fusion. Show Less Read more

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