Is The EMR Market In The US Heading For The Cliff?

The market for electronic medical record (EMR) systems in the United States appears to have reached its tipping point with the market expected to begin its decline in 2013, according to Millennium Research Group (MGR).

In US Market for Electronic Medical Records 2013, the research group points to the impending evaporation of federal and state incentives for adopting EMR systems and introduction of penalties for non-compliance with meaningful use in 2015 as the leading cause behind the anticipated downturn.

“Most large facilities have already adopted these systems because they had the necessary capital and information technology (IT) resources to accommodate EMR implementation early on,” MRG Senior Analyst Mickel Phung said in a public statement. “As a result, most system purchases through 2022 will consist of replacement sales and purchases made by smaller facilities that previously could not afford the systems..."

The complete report is available here (subscription required).