LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global chiropractic software market report until 2021. This research report also lists 22 other prominent vendors that are expected to impact the market during the forecast period.
The global chiropractic software market is growing at a significant growth rate due to the increased adoption of chiropractic software systems in large and mid-sized hospitals and ambulatories. Chiropractic practices are increasingly adopting chiropractic software as they deal with a large volume of patient data that includes both clinical and administrative data. Hence, the practitioners and office managers are looking for ways to improve access to the large volume of patient information and for better efficiency in documenting and managing it.
Competitive vendor landscape
The market is fragmented with the presence of a few multinational vendors and many niche players. Several vendors have established a sizeable market presence in the global chiropractic software market. Vendors are selected based on their product portfolio specific to chiropractic requirements. Organizations are selecting vendors based on the degree of superiority and features of their solutions. This enables them to compete with larger players more effectively, which has intensified competition in the market.
Amit Sharma, an industry expert at Technavio for research on enterprise application, says, “The largely fragmented nature of the market is affecting the target customers, with vendors struggling to build persuasive business operations. Large practices having multiple chiropractors need prompt vendors to reduce risks, especially in situations when they need to discontinue business with a specific vendor for business strategies.”
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Top five chiropractic software market vendors
AdvancedMD is a provider of cloud-based practice management, EHR, revenue cycle management, business analytics reporting, patient relationship management, physician-performance benchmarking, and e-prescription software solutions to automate operational processes in healthcare institutes and chiropractic practices.
The software by the company for chiropractic practices are designed for independent practitioners, and they include financial analytics, patient engagement tools, and the convenience of telemedicine.
MacPractice is a provider of medical software, dental software, chiropractic software, and optical software for doctors who use Apple computers and mobile devices. The chiropractic software offered by the company helps chiropractic practitioners to streamline their workflows efficiently, attend more patients, reduce errors and redundancy, and improve billing and coding accuracy.
The company's chiropractic software is MacPractice DC. The software combines powerful administrative, billing, and clinical features in a single platform for the improved practice productivity.
Nuesoft Technologies provides web-based practice management solutions for physicians’ offices, billing companies, and health centers. The company offers NueMD, a practice management software for chiropractic practices, community health center, neurology, pediatric, physical therapy, psychiatric, and psychology/behavioral health practices. The software can be customized based on the practice's requirements.
NueMD helps practices reduce the time spent on paperwork and waiting for insurance reimbursements. The software gives instant access to patient records the moment it is required.
OfficeAlly is a provider of software products to empower the healthcare industry. The products developed by the company meet the needs of the customers from patient care to receiving payment from the insurance companies. The solutions offered by the company allow patients, healthcare providers, and health plan providers to interact with all parties.
The company's product used by chiropractic practices is EHR 24/7. The software allows healthcare providers to spend more time with patients and less time on paperwork. It also empowers providers to be more effective and streamline workflow.
Practice Fusion is the provider of cloud-based EHR platform for doctors and patients. The solutions offered by the company connect doctors, patients, and data to drive better health and save lives. As of 2016, Practice Fusion supports around 30,000 practices with its tools to deliver better patient care.
Practice Fusion provides Practice EHR for chiropractic practices to save time, money, and energy. The software is easily customizable based on the chiropractic requirements.
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