Question

How do we forecast, projections on the industry of any electronic health records of industry like: Cerner, Epic, Athena, Greenway.

Answer 1

Electronic health record (EHR) systems have transformed the health care system by maintaining the data in electronic form from paper-based method. This process will help the clinical and other service providers in delivering higher quality of care to their patients. EHRs are defined as a longitudinal electronic record of patient health information generated by one or more encounters in any care delivery setting. This information includes the patient’s demographics, progress notes, problems, medications, past medical history, immunizations records, laboratory reports etc.

In the EHR system, data is easily available in electronic form therefore forecasting and projections can be done in following manner-

• The collection of data from EHR system and its analysis and forecasting.
• It helps the industry in its planning for the future as data are very vital tools for planning.
• Assessment of the growth and progress of the industry. If it is growing or reducing in size.
• Projection of industry growth and projection of resource requirement
• The comparative analysis within organization and with the industry standard.