United States Healthcare Information Exchange Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The United States Healthcare Information Exchange Market is segmented by Implementation Model (Centralized/Consolidated Models, Decentralized/Federated Models and Hybrid Model), Setup Type (Private and Public), Application, Exchange Type, and Component.

Market Snapshot

United States Healthcare Information Exchange Market Image 1
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 9.2 %

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Market Overview

The main factors driving the market growth include the increasing demand for electronic health records, government support via various programs and incentives, and reduction in healthcare cost and improved efficacy.

Health information exchange allows doctors, pharmacists, nurses, healthcare providers, and patients to access and securely share the patient’s medical information, electronically, thus improving the quality, safety, speed, and cost of patient care. Healthcare information exchange (HIE) is an important part of health information technology (HIT). According to the National Coordinator for Health Information Technology, electronic availability of patient health information from outside sources increased by 10% in 2018, resulting in more than half of hospitals having EHR information available at point of care. Owing to the increase in government initiatives and high engagement of a private setup in HIE, the market is expected to witness exponential growth.

Scope of the Report

Health information exchange is the mobilization of healthcare information electronically, across organizations within a region, community, or hospital system. The United States healthcare information exchange market has been segmented on the basis of implementation model, setup type, application, exchange type, and component. 

Implementation Model
Centralized/Consolidated Models
Decentralized/Federated Models
Hybrid Model
Setup Type
Private
Public
Application
Internal Interfacing
Secure Messaging
Workflow Management
Web Portal Development
Patient Safety
Exchange Type
Direct Exchange
Query-based Exchange
Consumer-mediated Exchange
Component
Enterprise Master Person Index (EMPI)
Healthcare Provider Directory (HPD)
Record Locator Service (RLS)
Clinical Data Repository
Other Components

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Key Market Trends

The Decentralized/Federated Model is Expected to Hold the Largest Market Share

The decentralized/federated model segment holds the largest market share, and is expected to retain its share during the forecast period. In a federated HIE, there is no master database. In this model, each healthcare provider is responsible for maintaining the records of their individual patients. In this model, the main function of HIE is to facilitate the providers in exchanging patient records among themselves, when the need arises. The salient distinction of a federated model is that there is no central database from which a previously compiled, comprehensive medical record is stored and can be downloaded. The advantages, such as low conflicts related to data ownership and compartmentalization of data, which makes it less vulnerable to data thefts, along with lower implementation costs when compared to other models, are leading to its high adoption rates.

United States Healthcare Information Exchange Market 1

Competitive Landscape

The United States healthcare information exchange market is fairly competitive and consists of several major players. Due to high adoption rates of new technology and wide availability of reimbursement, which necessitates the use of information exchange systems, the United States is at the forefront of healthcare information exchange implementation. Thus, nearly all the global players are operating in the country. Companies, like Cerner Corporation, Allscripts Healthcare Solutions, Mckesson Corporation, Eclinical Works, and Epic Corporation Inc., hold a substantial market share in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Electronic Health Records Resulting in the Expansion of the Market

      2. 4.2.2 Government Support via Various Programs and Incentives

      3. 4.2.3 Reduction in Healthcare Cost and Improved Efficacy

    3. 4.3 Market Restraints

      1. 4.3.1 Huge Initial Infrastructural Investment

      2. 4.3.2 Slow Return on Investment

      3. 4.3.3 Data Privacy and Security Concerns

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Implementation Model

      1. 5.1.1 Centralized/Consolidated Models

      2. 5.1.2 Decentralized/Federated Models

      3. 5.1.3 Hybrid Model

    2. 5.2 Setup Type

      1. 5.2.1 Private

      2. 5.2.2 Public

    3. 5.3 Application

      1. 5.3.1 Internal Interfacing

      2. 5.3.2 Secure Messaging

      3. 5.3.3 Workflow Management

      4. 5.3.4 Web Portal Development

      5. 5.3.5 Patient Safety

    4. 5.4 Exchange Type

      1. 5.4.1 Direct Exchange

      2. 5.4.2 Query-based Exchange

      3. 5.4.3 Consumer-mediated Exchange

    5. 5.5 Component

      1. 5.5.1 Enterprise Master Person Index (EMPI)

      2. 5.5.2 Healthcare Provider Directory (HPD)

      3. 5.5.3 Record Locator Service (RLS)

      4. 5.5.4 Clinical Data Repository

      5. 5.5.5 Other Components

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Cerner Corporation

      2. 6.1.2 Allscripts Healthcare Solutions Inc.

      3. 6.1.3 Mckesson Corporation

      4. 6.1.4 Eclinical Works

      5. 6.1.5 Conifer Health Solutions

      6. 6.1.6 Nextgen Healthcare Information Systems LLC

      7. 6.1.7 Infor Inc.

      8. 6.1.8 Optum Inc.

      9. 6.1.9 Medicity Inc.

      10. 6.1.10 Epic Corporation Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The United States Healthcare Information Exchange Market market is studied from 2018 - 2026.

The United States Healthcare Information Exchange Market is growing at a CAGR of 9.2% over the next 5 years.

Cerner Corporation, Mckesson Corporation, Eclinical Works, Epic Corporation Inc., Allscripts Healthcare Solutions Inc. are the major companies operating in United States Healthcare Information Exchange Market.

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