Growth Opportunities in US and European Hospital Workflow Digital Platforms and Solutions in Acute Care, Forecast to 2028

Growth Opportunities in US and European Hospital Workflow Digital Platforms and Solutions in Acute Care, Forecast to 2028

Integration of Clinical and Operational Solutions to Improve Patient and Provider Experience

RELEASE DATE
17-May-2024
REGION
Global
Deliverable Type
Market Research
Research Code: K9CF-01-00-00-00
SKU: HC_2024_719
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Description

The COVID-19 pandemic exposed cracks in healthcare’s clinical, financial, and operational processes. Efficiency has become a major focus as hospital systems strive to stitch healthcare networks together. From simple technological or software solutions to complex AI-driven predictive algorithms, healthcare institutions aim to improve automation and technological capabilities to cater to changing industry dynamics and boost their bottom line.

Automation and technology adoption has traditionally centered on financial workflows; however, with the growing strain on clinical and administrative resources, the focus is shifting toward enhancing clinical and operational processes. Clinical efficiency solutions are complex and require regulatory approvals and clinical acceptance. Operational efficiency solutions present an exciting opportunity for vendors across the healthcare ecosystem to streamline patient flow and improve the administrative workload of medical staff.

In an acute care environment, efficient clinical and operational workflows and processes are critical to deliver the right care to the right patient at the right time and location. Clinical efficiency stresses building a more patient- and provider-centric environment by capitalizing on virtual care, digital documentation technology, bedside patient engagement devices, and modules to create a connected care experience. Operational workflows touch on 3 core elements of healthcare facilities: patient flow and collaboration, workforce management, and material utilization. These segments prioritize continuity of care, efficient resource utilization (human and assets), and staff experience.

The hospital workflow digital platform solutions industry comprises software and platforms that improve acute care facilities’ clinical and operational efficiency. The analysis encompasses the United States and Europe and shares insights about evolving business models, available opportunities, and the impact of generative AI on improving the end-user experience.

In addition to discussing the main trends impacting the clinical and operational workflows, the analysis includes demographics, technological advances, changing customer and industry requirements post-COVID-19, growth drivers and barriers, and significant growth opportunities across 4 segments: bedside care, patient flow and collaboration, workforce management, and material utilization. The analysis highlights the profiles of leading vendors and/or new entrants contributing to industry expansion.

Author: Nitin Manocha

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 Workflow Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Industry Segmentation

Industry Segment Definitions

Efficiency Vital to Reducing Costs and Improving Engagement, Access, and Outcomes

Industry Challenges

Clinical and Operational Challenges Mapped to Patient Flow

Root Cause and Potential Solutions for Key Barriers

Defining the Desirable Digital Healthcare Platform Structure

Application Technology Stack

Hospital Efficiency: A Complex Paradigm

Hospitals’ Criteria for Selecting Digital Platforms and Solutions

Vendor Solution Mix

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Forecast Assumptions (continued)

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast by Sub-segment

Revenue Forecast by Region

Revenue Forecast Analysis

Challenges and Opportunities

Benefits of Technological Intervention

Use Cases—EQUUM Medical

Use Cases—EQUUM Medical (continued)

Use Cases—Vizabli Acute Care Engagement Solution

Use Cases—Vizabli Acute Care Engagement Solution (continued)

Use Cases—Augmedix

Use Cases—Augmedix (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast by Region

Forecast Analysis

Key Competitors

Competitive Environment

Competitive Market Structure

Revenue Share Analysis

Challenges and Opportunities

Benefits of Technological Intervention

Use Cases—Helseboka

Use Cases—Helseboka (continued)

Use Cases—Etiometry

Use Cases—Etiometry (continued)

Use Cases—Hypercare Inc.

Use Cases—Hypercare Inc. (continued)

Use Cases—CaseCTRL

Use Cases—CaseCTRL (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast by Region

Forecast Analysis

Key Competitors

Competitive Environment

Competitive Industry Structure

Revenue Share Analysis

Challenges and Opportunities

Benefits of Technological Intervention

Use Cases—QGenda

Use Cases—QGenda (continued)

Use Cases—Symplr

Use Cases—Symplr (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast by Region

Forecast Analysis

Key Competitors

Competitive Environment

Competitive Market Structure

Revenue Share Analysis

Challenges and Opportunities

Benefits of Technological Intervention

Use Cases—ArbiMed

Use Cases—ArbiMed (continued)

Use Cases—CenTrak

Use Cases—CenTrak (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast by Region

Forecast Analysis

Key Competitors

Competitive Environment

Competitive Market Structure

Revenue Share Analysis

Growth Opportunity 1: Multi-modal Asset Trackers

Growth Opportunity 1: Multi-modal Asset Trackers (continued)

Growth Opportunity 2: Integrated Platforms for Predictive Insights

Growth Opportunity 2: Integrated Platforms for Predictive Insights (continued)

Growth Opportunity 3: Generative AI-based Applications

Growth Opportunity 3: Generative AI-based Applications (continued)

Growth Opportunity 4: Expand the Use of Edge Devices

Growth Opportunity 4: Expand the Use of Edge Devices (continued)

Growth Opportunity 5: Operational Decision Support System (ODSS)

Growth Opportunity 5: Operational Decision Support System (ODSS) (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

The COVID-19 pandemic exposed cracks in healthcare s clinical, financial, and operational processes. Efficiency has become a major focus as hospital systems strive to stitch healthcare networks together. From simple technological or software solutions to complex AI-driven predictive algorithms, healthcare institutions aim to improve automation and technological capabilities to cater to changing industry dynamics and boost their bottom line. Automation and technology adoption has traditionally centered on financial workflows; however, with the growing strain on clinical and administrative resources, the focus is shifting toward enhancing clinical and operational processes. Clinical efficiency solutions are complex and require regulatory approvals and clinical acceptance. Operational efficiency solutions present an exciting opportunity for vendors across the healthcare ecosystem to streamline patient flow and improve the administrative workload of medical staff. In an acute care environment, efficient clinical and operational workflows and processes are critical to deliver the right care to the right patient at the right time and location. Clinical efficiency stresses building a more patient- and provider-centric environment by capitalizing on virtual care, digital documentation technology, bedside patient engagement devices, and modules to create a connected care experience. Operational workflows touch on 3 core elements of healthcare facilities: patient flow and collaboration, workforce management, and material utilization. These segments prioritize continuity of care, efficient resource utilization (human and assets), and staff experience. The hospital workflow digital platform solutions industry comprises software and platforms that improve acute care facilities clinical and operational efficiency. The analysis encompasses the United States and Europe and shares insights about evolving business models, available opportunities, and the impact of generative AI on improving the end-user experience. In addition to discussing the main trends impacting the clinical and operational workflows, the analysis includes demographics, technological advances, changing customer and industry requirements post-COVID-19, growth drivers and barriers, and significant growth opportunities across 4 segments: bedside care, patient flow and collaboration, workforce management, and material utilization. The analysis highlights the profiles of leading vendors and/or new entrants contributing to industry expansion. Author: Nitin Manocha
More Information
Deliverable Type Market Research
Author Nitin Manocha
Industries Healthcare
No Index No
Is Prebook No
Podcast No
Predecessor K7B0-01-00-00-00
WIP Number K9CF-01-00-00-00