Long Term Care Software Market Share 2020, Research by Business Opportunities, Top Manufacturers and Global Forecast to 2025

Long-Term Care Software Market is valued at USD 1890.53 Million in 2018 and expected to reach USD 4431.16 Million by 2025 with the CAGR of 12.94% over the forecast period.

Upsurge in technological advancement and increasing geriatric population are some factors driving the long-term care software market.

Long-term care software is fully integrated with electronic health record, billing solution and business intelligence that helps healthcare facilities to enhance residential care, maintain compliance and manage multiple levels with a single software solution. This software automates the workflow of nursing homes and long-term care facilities. The software provides multiple high-quality healthcare services those are coupled with several benefits including accurate information, reduce data redundancy, boosts productivity and efficiency, saves time, and among others. Moreover, long-term care software also provides automatic inter-facility accounting, maintains records, consolidated reports for many facilities to saves over long time. Long Term Care Software improves resident care, reduce labor cost, maintain compliance and increase reimbursement with fully integrated electronic health record and billing solutions.

Long-Term Care Software Companies:

Long-term care software market report covers prominent players like AOD Software, Cerner Corporation, Kronos, PointClickCare, Omnicell, Inc., McKesson Corporation, Optimus EMR, Omnicare, Inc., Allscripts Healthcare Solutions, Inc., MatrixCare, SigmaCare, and HealthMEDX LLC among others.

Its wide range of features are associated with such as centralized database, user-friendly graphical user interface and others support for rapid adoption of this software across the globe. Multiple applications of long-term care software such as it enables mental health care providers to manage distant patient scheduling, video conferencing, and messaging and analyzing millions of data records and quickly spot potential issues before they become problems as a result of rapid adoption of long-term care software.

WellSky acquires software maker for long-term care settings

News: On February 26, 2019, WellSky (previously known as Mediware) announced the acquisition of Health Care Software (HCS) with undisclosed amount. Health Care Software is the specializes in clinical and financial software for long-term care settings. WellSky is the leader in Healthcare software and services company provides tools for home health, scheduling, EHRs, medication management and cellular therapy currently serves more than 10,000 customer sites worldwide. WellSky aim to operate across the world market and this acquisition help company to gain new analytics and care management tools, which will allow it to pursue new market opportunities as well as increase its offerings for existing clients.

The regions covered in this long-term care software market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of long-term care software is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Long-Term Care Software Market Segmentation –

By Product
Clinical Software, Non-Clinical Solutions

By Deployment Type
Web-Based, On-Premise, Cloud-Based

By End-User
Home Care Agencies, Hospice Care Facilities, Nursing Homes & Assisted Care

Long-Term Care Software Market Dynamics –

Demographic trends, various government initiatives across the globe to curtail increasing healthcare costs and shortage of healthcare practitioners are the key factors driving the growth of long-term care software market. Moreover, digitalization in healthcare sector and increasing development in healthcare infrastructure across the world are fuelling the growth of the global long-term care software market. Additionally, increase in the geriatric population and subsequently there is an increasing prevalence of chronic disease in such section of the population creating the demand of long term care software, For instance, as per the data of United Nation, there were around 703 million persons aged 65 years or over in the world in 2019. The number of older persons is projected to double to 1.5 billion in 2050.

Long-Term Care Software Market Regional Analysis –

North America is dominating the long-term care software market. The factors attributed to the high growth of the region are presence of key players and growing adoption of long-term care software in the region fueling the market growth. For instance, key players including, Cerner Corporation, Omnicare Inc., AOD Software, Kronos are based in USA. In addition, presence high number of geriatric populations in the region help to dominate the market. For Instance, instance, as per the report of PRG, published on July 15, 2019, 52 million American population were aged 65 or older than that in the year of 2018 and it is projected to reach at 95 million by 2060.

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