LONDON--(BUSINESS WIRE)--ADP, Atoss and IBM are all featured on Technavio’s list of the Top 13 Healthcare Workforce Management (WFM) Software Companies.
According to a new report from the tech-focused research firm, the WFM software market in the healthcare industry is growing at a CAGR of 13.18% from 2015-2019.
WFM software helps organizations improve their operational performance and meet business objectives. In the healthcare industry, this translates to better patient care.
Workforce management software will enable effective use of patient information
WFM tools manage patient information, which allows healthcare organizations to deliver better treatment.
“Extensive health research and a growing number of clinical trials have increased the volume of medical data stored in hospitals. This has compelled organizations to employ analytical solutions like WFM software to analyze patient conditions and derive actionable insights to improve patient care,” says Faisal Ghaus, Vice President of Technavio.
According to Technavio, the market is consolidating, and will witness some key mergers and acquisitions over the projected period.
Many organizations have acquired sizable non-profit organizations to shift toward a consolidated system capable of meeting the needs of all entities associated with it.
“Mergers and acquisitions in healthcare are hugely beneficial for healthcare providers, as the results help them offer end-to-end healthcare management solutions to patients,” says Ghaus.
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Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary and secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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