Critical Need for Efficiency amidst Ongoing Resource Shortages and Rising Demand Drive Global Hospital Command Centers Market

Critical Need for Efficiency amidst Ongoing Resource Shortages and Rising Demand Drive Global Hospital Command Centers Market

Medtech Vendors’ Growth Strategies to Support Hospitals’ ROI and Margin Improvement in a Post-COVID-19 Era

RELEASE DATE
30-Nov-2020
REGION
North America
Research Code: K52B-01-00-00-00
SKU: HC03346-GL-MT_24851
$4,950.00
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$4,950.00
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Description

Globally, the difficulty in operating large hospitals is made worse by use of manual operations and processes that often lead to a host of inefficiencies. The COVID-19 pandemic in the first half of 2020 brought these inefficiencies to the fore, and as a lasting impact, hospitals must now address the backlog of outpatient, imaging, and surgery patients. The only way to effectively do so is to operate over capacity, an imperative for boosting revenues that took a significant hit during the COVID-19 pandemic-induced lockdowns and holds on elective procedures.

Several solutions designed to optimize hospital operations exist in the market, but hospital command centers have taken these tools to another level. With the advent of technologies such as data analytics and advancements such as predictive analytics and digital twins, command centers have evolved into high-tech solutions that empower hospitals to manage several operational areas. Adoption of hospital command centers has steadily risen, but the impact of COVID-19 is likely to increase demand for these solutions further. However, hospitals must also update the management of their clinical processes, workflows, and finances, which is a challenge more so now in a value-based care environment. With reimbursement penalties given for issues such as readmission and patient satisfaction, hospitals are forced to seek support from technology solutions to better manage their clinical protocols and finances.

In this study, Frost & Sullivan discusses how hospital command centers work as tailor-made solutions for hospitals globally to not only manage their operations but also their clinical care variations, risk predictions, and clinical applications, as well as tie in finances to get patient-level details on cost and revenue. The transition to include clinical applications is already witnessed as some command centers incorporate these aspects into various command center models (self-built, virtual, public health); it is likely that the concept will soon evolve into an end-to-end hospital management center, beyond operations as it exists today. This effectively means that every single hospital vendor and stakeholder providing digital data (operational, clinical, or financial) will eventually enter the scope of the command center, either by partnership or simple integration of the data into the larger framework. It is important, therefore, to understand how the command center will evolve in the near future and how vendors can become part of this movement.

Key Issues Addressed

  • What are hospital command centers and how are they expected to evolve with time?
  • What is the current adoption status of hospital command centers and how will adoption increase in the post-COVID-19 era?
  • Which vendors offer these solutions and what are the business and pricing models they follow?
  • How and where should hospitals begin when thinking about command centers?
  • What are the regional trends for hospital command centers and which regions are likely to grow the fastest in adopting this concept?

Author: Siddharth Shah

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Hospital Command Centers Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Hospital Command Centers Market—Scope of Analysis

Evolution of the Command Center Model

Evolution of the Command Center Concept

Key Growth Metrics for Hospital Command Centers Market

Global Opportunity Size, 2035

Hospital Needs and Eligibility Assessment

Summary of Growth Opportunities

Declining Hospital Operating Margins

Strategies to Course Correct

Being Efficient Pays

Today’s Hospitals Are Fundamentally Challenged on All Fronts

Technology Initiatives Must Fit the Smart Hospital Framework

Several Digital Tools and Services Impact Hospitals Today

Software-Only Solutions vs. Command Center Approach

Evolution of the Command Center Model

The Command Center Approach for Driving Efficiency

Command Center—A Crucial Step Along the Smart Hospital Journey

Command Center Applications

Command Center Applications (continued)

Command Center Elements

Evolution of the Command Center Concept

Discussion on the Evolution of the Command Center Concept

Hospital Command Centers—Their Critical, Central, and Enabling Role in the Future of Hospitals

Hospital Command Centers Segmentation by Approach

Key Competitors for Hospital Command Centers

Growth Drivers for Hospital Command Centers

Growth Restraints for Hospital Command Centers

Forecast Assumptions, Hospital Command Centers

Revenue Forecast, Hospital Command Centers

Revenue Forecast by Region, Hospital Command Centers

Revenue Forecast by Region, Hospital Command Centers (continued)

Revenue Forecast Analysis—Hospital Command Centers

Revenue Forecast Analysis by Region—Hospital Command Centers

Global Opportunity Size, 2035

Competitive Environment—Hospital Command Centers

Installed Base Share, Hospital Command Centers

Installed Base Share Analysis—Hospital Command Centers

Business Models

Potential Adoption and Evolution of Command Centers

Public Health System Command Center Concept

Hub-and-Spoke Model

Self-Built Command Center

The Decentralized Virtual Command Center

Regional Split of Installed Base—Hospital Command Centers

Differing Needs for Efficiency Solutions

Global Hospital Landscape

Largest Global Hospitals

Largest Global Hospitals (continued)

Countries with Public (Government-Funded) Health Systems

North America

Europe

The Middle East

Asia-Pacific

Latin America

Hospital Command Center Models

Adoption Process

Hospital Needs and Eligibility Assessment

Hospital Command Center Decision-Making Guide and Checklist

Hospital Command Center Decision-Making Guide and Checklist (continued)

Hospital Command Center Decision-Making Guide and Checklist (continued)

Hospital Command Center Decision-Making Guide and Checklist (continued)

Command Center Profile—Johns Hopkins Hospital, The United States

Command Center Profile—Yale New Haven Hospital, United States

Command Center Profile—Arizona Department of Health Services, United States

Command Center Profile—Carilion Clinic, United States

Command Center Profile—Humber River Hospital, Canada

Value Propositions by Role

Requisite Vendor Capabilities

Vendor Capability Assessment

Vendor Profile—Care Logistics

Vendor Profile—Central Logic

Vendor Profile—Cerner

Vendor Profile—Change Healthcare

Vendor Profile—Edgility

Vendor Profile—Epic

Vendor Profile—GE Healthcare Partners

Vendor Profile—KenSci

Vendor Profile—Philips Healthcare

Vendor Profile—Qventus

Vendor Profile—TeleTracking

Growth Opportunity 1—Virtual Command Centers in Post-Pandemic World, 2020

Growth Opportunity 1—Virtual Command Centers in Post-Pandemic World, 2020 (continued)

Growth Opportunity 2—Offering Clinical and Financial Applications, Beyond Operational Applications, 2020

Growth Opportunity 2—Offering Clinical and Financial Applications Beyond Operational Applications, 2020 (continued)

Growth Opportunity 3—Public Health Systems’ Regional Command Centers, 2020

Growth Opportunity 3—Public Health Systems’ Regional Command Centers, 2020 (continued)

Growth Opportunity 4—Multi-Vendor Frameworks for Holistic Command Center Solutions, 2020

Growth Opportunity 4—Multi-Vendor Frameworks for Holistic Command Center Solutions, 2020 (continued)

Growth Opportunity 5—Targeting Greenfield and Brownfield (Expansion) Hospital Projects, 2020

Growth Opportunity 5—Targeting Greenfield and Brownfield (Expansion) Hospital Projects, 2020 (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
Globally, the difficulty in operating large hospitals is made worse by use of manual operations and processes that often lead to a host of inefficiencies. The COVID-19 pandemic in the first half of 2020 brought these inefficiencies to the fore, and as a lasting impact, hospitals must now address the backlog of outpatient, imaging, and surgery patients. The only way to effectively do so is to operate over capacity, an imperative for boosting revenues that took a significant hit during the COVID-19 pandemic-induced lockdowns and holds on elective procedures. Several solutions designed to optimize hospital operations exist in the market, but hospital command centers have taken these tools to another level. With the advent of technologies such as data analytics and advancements such as predictive analytics and digital twins, command centers have evolved into high-tech solutions that empower hospitals to manage several operational areas. Adoption of hospital command centers has steadily risen, but the impact of COVID-19 is likely to increase demand for these solutions further. However, hospitals must also update the management of their clinical processes, workflows, and finances, which is a challenge more so now in a value-based care environment. With reimbursement penalties given for issues such as readmission and patient satisfaction, hospitals are forced to seek support from technology solutions to better manage their clinical protocols and finances. In this study, Frost & Sullivan discusses how hospital command centers work as tailor-made solutions for hospitals globally to not only manage their operations but also their clinical care variations, risk predictions, and clinical applications, as well as tie in finances to get patient-level details on cost and revenue. The transition to include clinical applications is already witnessed as some command centers incorporate these aspects into various command center models (self-built, virtual, public health); it is likely that the concept will soon evolve into an end-to-end hospital management center, beyond operations as it exists today. This effectively means that every single hospital vendor and stakeholder providing digital data (operational, clinical, or financial) will eventually enter the scope of the command center, either by partnership or simple integration of the data into the larger framework. It is important, therefore, to understand how the command center will evolve in the near future and how vendors can become part of this movement.--BEGIN PROMO--

Key Issues Addressed

  • What are hospital command centers and how are they expected to evolve with time?
  • What is the current adoption status of hospital command centers and how will adoption increase in the post-COVID-19 era?
  • Which vendors offer these solutions and what are the business and pricing models they follow?
  • How and where should hospitals begin when thinking about command centers?
  • What are the regional trends for hospital command centers and which regions are likely to grow the fastest in adopting this concept?

Author: Siddharth Shah

More Information
No Index No
Podcast No
Author Siddharth Shah
Industries Healthcare
WIP Number K52B-01-00-00-00
Is Prebook No
GPS Codes 9564-B1,9575-B1,9600-B1,9612-B1,9A51-B1,9A52-B1,9A06-B1,9A55-B1,99BB-B1,99BC-B1,9A47-B1,9A48-B1,9A49-B1,9A4B-B1