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Ambulatory EHR Market Growth, Size, Technology Driven Analysis and Forecast to 2032; Quince Market Insights

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Pune, Sept. 06, 2022 (GLOBE NEWSWIRE) — The global Ambulatory EHR Market reach USD $8.23 Billion in 2022 and is expected to exhibit a CAGR of 7.34% over the forecast period 2023 to 2032, according to a recent global market study by Quince Market Insights.

A particular kind of electronic health record called an ambulatory EHR is made for use in outpatient clinics and other smaller practices. Since it only involves one patient rather than numerous patients and complicated processes, ambulatory EHR is rather straightforward. The physician can easily manage and track a patient’s medical records with the use of ambulatory EHR.

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Drivers:   

  • Increasing government support for the adoption of EHR solutions.
  • Increasing patient preference for ambulatory care 
  • Growing need to reduce operating cost in the healthcare industry 

Restrains:

  • High implementation cost
  • Heavy infrastructure investment
  • IT infrastructure constraints in low-income countries

Opportunity:

  • Use of artificial intelligence and machine learning technology by developing countries 
  • Increasing numbers of ambulatory facilities and increasing patient volume

Challenges:

  • Lack of technological know-how 
  • Reluctant to move from traditional paper patient records to electronic solutions.
  • Security issues in the ambulatory EHR.

Impact of COVID 19 on Ambulatory EHR Market

Due to lockdowns, travel restrictions, and business closures, COVID-19 has had an impact on the businesses and industries of numerous nations. The number of teleconsultations has increased over the previous year as a result of the severe lack of hospital beds, healthcare professionals, and essential medical supplies. The smooth provision of remote patient monitoring is made possible by the integration of telemedicine and e-prescribing by healthcare professionals. Thus, it is anticipated that in the next years, demand for ambulatory EHR will rise due to the rising number of COVID-19 patients and overworked hospitals.

Ambulatory EHR Market, By Delivery Mode

Based on the delivery mode, the Ambulatory EHR market is divided into On-premise, cloud-based

In 2021, cloud-based delivery holds a significant market share because of various advantages such as the exchange of patient data, access on-demand capacity, mobility, and data security.

Ambulatory EHR Market, By Type

Based on the type, the Ambulatory EHR market is divided into all-in-one ambulatory EHR and modular ambulatory EHR

In 2021, the all-in-one ambulatory holds a significant share in the market.

Ambulatory EHR Market, By Application

Based on application, the Ambulatory EHR market is divided into practice management, patient management, e-prescribing, referral management, population health management, decision support, and health analytics.

The practice management market led the ambulatory EHR market globally in 2022. The capabilities of this application to gather patient data, schedule appointments, and manage billing operations are what is driving this market’s expansion.

Ambulatory EHR Market, by practice Size

Based on the practice size, the Ambulatory EHR market is divided into large practices, small to medium-sized practices, solo practices

The large practices segment had a significant market share for ambulatory EHRs globally in 2021.

Ambulatory EHR Market, by End-user

Based on the end user, the Ambulatory EHR market is divided into hospital-owned ambulatory centers, independent centers, and others.

The hospital sector held the most market share and experienced the fastest growth. This category has a sizable market share and is growing quickly.

Ambulatory EHR Market, by Region

Based on the region, the Ambulatory EHR market is divided into the Asia Pacific, Middle East & Africa, North America, Europe, and South America.

In 2021, North America will account for the majority of ambulatory EHRs. Federal mandates, the aging population, stakeholder collaboration, the need to lower health care costs, and deductibles that encourage EHR adoption are just a few of the factors that have contributed to the growth of the North American ambulatory EHR market.

Recent Development in the Ambulatory EHR Market

  • In April 2022, MEDITECH (USA) partnered with Fraser Health (Canada) to leverage MEDITECH Expanse to transform care and promote better health outcomes for the more than 1.9 million people they serve in 20 different communities.
  • In March 2022, Cerner Corporation (USA) expanded its collaboration with Nuance Communications, Inc. to integrate Nuance’s Dragon Ambient into its Millennium EHR.
  • In January 2021, Epic Systems Corporation (US) partnered with Priority Health (US) to implement an EHR vendor payer platform to facilitate the exchange of patient data with providers, reduce costs of healthcare and improve the quality of care for members.
  • In April 2018, eClinicalWorks entered into a strategic partnership with FIGmd Inc, in order to connect multiple specialty clinics for enhanced data reporting.

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Some key Points of the Global Ambulatory EHR Market Report are:

  • An in-depth global Ambulatory EHR market analysis by the segments, along with an analysis of trend-based insights and factors.
  • Major companies operating in the global Ambulatory EHR market, include Teleflex Incorporated (US), DeVilbiss Healthcare LLC (US), BD (US), Kurve Therapeutics (US), Cook (US), Medica Holdings LLC (US)
  • Impact of COVID-19 on the global Ambulatory EHR market

Find more insights on this topic from this report,Ambulatory EHR Market, by delivery mode (On-premise, cloud-based), by type (all-in-one ambulatory EHR and modular ambulatory EHR), by application (practice management, patient management, e-prescribing, referral management, population health management, decision support, health analytics), by practice size (large practices, small to medium-sized practices, solo practices), by end-user (hospital-owned ambulatory centers, independent centers, and others), by region (as Asia Pacific, Middle East & Africa, North America, Europe, and South America)”.

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Contact Us:

Ajay D

Quince Market Insights

Pune India

Phone: US +1 208 405 2835

UK +44 1444 39 0986

APAC +91 706 672 4848

Email: [email protected]

Web: www.quincemarketinsights.com

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oToBrite Unveils Automotive-Grade 5MP/8MP Camera Modules to Meet Soaring Demand for High-Level ADAS/Autonomous Driving

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HSINCHU, Sept. 28, 2023 /PRNewswire/ — oToBrite, a prominent provider of Vision-AI ADAS/AD solutions, has unveiled its latest offering in response to the surging demand for high-level Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) applications. With the need for enhanced perception technology, particularly for heavy commercial vehicles, as the heavier the vehicle is, the longer it will take to stop, oToBrite has successfully introduced automotive-grade 5MP/8MP camera modules. These cutting-edge modules can improve the visibility and perception capabilities of ADAS/AD systems, and have been adopted among clients in North America.

oToBrite has been a leading tier-1 player for vision-AI ADAS/AD solution in the automotive industry, leveraging its full-stack capabilities spanning camera module production technology, edge-computing system design, and vision-AI model development. The company offers flexible business model and comprehensive vision-AI technology stack, enabling it to provide system solutions, camera modules, or AI IP licensing to cater to diverse customer requirements. Its automotive-grade camera modules have already garnered the trust of prominent clients and entered the supply chain of car OEMs such as Luxgen, SONY, Toyota, XPENG, etc. with over 1 million automotive-grade camera modules deployed. To learn more about oToBrite’s offerings, please visit https://www.otobrite.com/en.
The newly launched 5MP/8MP camera modules from oToBrite feature high-sensitivity CMOS sensors. oToBrite’s 5MP camera module series is equipped with Sony IMX490 Sensor and has multiple viewing angles, including 30°, 60°, 90°, and 120°. The 8MP camera module series employs Sony IMX728 sensors and also offers various viewing angles. Both 5MP and 8MP series are equipped with GMSL2 interfaces and tested with waterproof and dustproof standards of IP67/69K. They can operate within a temperature range of -40°C to +85°C, ensuring the utmost reliability and stability for customers.
oToBrite holds a distinct advantage in camera production technology, with 1K class clean room factory certified with IATF16949 and endorsed by several leading car OEMs. Additionally, the in-house developed 5/6-axis active alignment machine for high-end camera modules exhibits the capability to manufacture over 60 SKU variants of camera modules.
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949 certified clean room factory and several years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithm, ECU/domain controller and automotive-grade/special purpose camera products.
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CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities

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Time for action is now: Customer expectations for servitization already exist (61%) and projected to increase (70%) in the next three years, in terms of value, service and reliability.
LONDON, Sept. 28, 2023 /PRNewswire/ — IFS, the global cloud enterprise software company, has shared the latest findings of its recent global research polling 2,000 senior decision-makers – VP and above – in France, Germany, Japan, Nordics, UK, USA and the UAE –across Manufacturing, Services, Telecoms, Energy & Resources, Construction & Engineering, and A&D industries. In its last overview, the company highlighted the overarching dependence on AI to create and accelerate business value from servitization.  

The survey points to specific executives as drivers or enablers to successfully make the shift and align the organization behind it. The survey highlights the CFO (21%) behind the CEO (35%) as the guardian of business resilience, financial health and as the purse string holder for technology investments. CFOs recognize that the move to servitization is essential in providing predictability in revenues, expenditure and third-party costs, and are aligning themselves to becoming stewards of identifying cross-business strategies that will build competitive advantage. 
At the heart of the business case for servitization, the CFO is focused on three elements: Faster and more cost-efficient time to market, visibility and predictability into revenues and CAPEX, accelerating organization alignment across people, processes and technology, to support not only the processes but also to provide the insights required to assess and optimize as they go within their business and intra-company.  
CFOs exhibit the greatest urgency in implementing a servitized model out of all C-level respondents (CIOs, CHROs and CTOs), with (32%) prioritizing adoption within the next 18 months. This implies change is not only necessary but will deliver business benefits, with progress and success measured by a fully servitized P&L. CFOs are also most likely (26%) to say their role is the one driving the shift within the organization, as they understand how technology capabilities will reach deep into their organization and enable it to become more technology-driven with regards to the design and delivery of products and services: Product R&D (34%) and service R&D (32%) are two areas CFOs prioritized when looking at servitized business processes.  
The priority outcome CFOs want to achieve from servitization is enhancing insight-driven decision-making capabilities (32%) – pointing to why AI is their #1 essential technology choice (49%) as it will fuel faster, more accurate and more data-led inputs into the strategic choices that impact the bottom line.   
Technology as a revenue growth enhancer makes wise fiscal sense. For example, EAM is a must-have for servitization success (34%)– assets that are predictively maintained will last longer, have less downtime and result in less expenditure. FSM (40%) maximizes profitable revenue streams and enables significant cost savings across the service lifecycle through optimized workforce scheduling and planning. Similarly, the wealth of connected asset data that can be harnessed through the application of automation, ML, IoT, end-to-end connectivity – all CFO “must-implements” – explain why CFOs have emerged as such strong proponents of technology and servitization.   
The CFO’s confidence about the organizational readiness is high at (42%) indicating they have the processes mapped out and are progressing well in their move to servitization, but still have either organizational impacts on people and processes (23%) or technology needs to overcome, making the CHRO the second most significant executive to drive and enable the transformation. 
CHROs are more cautious about servitization readiness within the organization, being acutely aware that shifting from a product-focused to a service-focused mindset within their organizations is a barrier to implementing servitization (42%). However, CHROs are in alignment with the CFO on customer expectations for servitization, which are high now, and are set to increase. They also agree that technology is essential to success, with AI their top pick (50%).  
Alex Rumble, SVP of Corporate Communications, Product Marketing, AR, & CI at IFS, commented: “The CFO’s remit has evolved hugely in the last decade away from financial reporting to understanding and influencing business-wide strategies and aiding transformation.” Rumble added, “Our research illustrates this very well and that CFOs not only understand the positive impact of aligning a business behind the customer’s expectations, but also the much broader business value of doing so.” She concluded: “Today CFOs are visionary advocates of change and digital transformation and will help build predictability in revenue and costs, ultimately the holy grail for CFOs but still technology dependent.” 
Together, CFOs and CHROs can partner to be a powerful force to not only accelerate servitization, but also ensure that the whole organization is primed for success. CHROs must act as a secondary catalyst to mobilize cultural change, acting as a bridge between the business and ensuring the communication and implementation of the overall strategy is not siloed to the C-level. 
About IFS 
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build, and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers – at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness, and collaboration in how we support our thousands of customers. Learn more about how our enterprise software solutions can help your business today at ifs.com. 
CONTACT: IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi Morgan IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +1 520 396 2155
The following files are available for download:
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CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities
 

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Breaking language barriers: thebigword’s AI workflows enhance translation delivery on time to 99% while significantly reducing turnaround times

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LEEDS, England, Sept. 27, 2023 /PRNewswire/ — thebigword, a leading provider of language solutions, is proud to announce an improvement in its on-time delivery performance and significant reduction of turnaround times. This has been made possible through a strategic fusion of human expertise and state-of-the-art AI and Machine Translation technologies.

 
This exciting achievement reaffirms the company’s commitment to delivering accurate and timely translations to clients worldwide, setting new industry standards.
With the ever-growing demand for rapid and high-quality translations, thebigword has taken numerous steps, including the ability to create and implement self-driving AI workflows, to ensure their clients are receiving the highest quality of translation and customer service.
Through the enhanced integration of AI and Machine Translation solutions into its translation workflows, thebigword has achieved remarkable outcomes, such as the significant reduction in turnaround times and this notable increase in on-time deliveries. With 99% of translation projects across various languages and industries delivered on time to clients, with shorter turnaround times.
thebigword’s collaborative approach leverages the strengths of their human translators with the power of AI technologies to allow for faster translation turnaround times, while maintaining the highest levels of accuracy. Their technology platform also enables quick resource allocation, ensuring that translation projects are assigned, executed and delivered quickly to reduce delivery times.
Joshua Gould, Chief Executive Officer of thebigword Group said: “thebigword is delivering a very human service with the utilisation of next-generation AI. These innovations represent an ongoing effort to enhance the overall client experience through our ability to deliver accurate, high-speed translations at an affordable price for any budget.”
Mark Daley, Global Managing Director of thebigword Translation said: “thebigword understands how crucial timely delivery of accurate translations are for the global success of our clients, and some of the latest technological integrations we have enabled have allowed us to achieve an impressive 99% as well as faster turnaround times.”
As thebigword celebrates this achievement, it looks forward to building on its success with other translation milestones and continuing to provide high-quality translation services – further enabling its mission of eradicating the final barrier of global communication.
About thebigword:
As one of the largest language service providers globally, thebigword utilises the greatest minds and boundary-shattering technology to deliver phenomenal quality at scale to both our clients and linguist network.
thebigword provides the best translation, interpretation, localisation and language technology solutions for businesses, the public sector and individuals – handling up to 50,000 worldwide assignments every day.
For more information about thebigword’s innovative AI and Machine Translation solutions, please visit www.thebigword.com.
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For media enquiries, please contact:Lauren HockneyGlobal Head of [email protected]

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