US Hospital Workforce Management Software Market, Forecast to 2020

Healthcare Shifts to a Data-Driven Strategic Approach to Managing Labor

USD 4,950

* Required Fields

USD 4,950

PAY BY INVOICE

Be the first to review this product

Hospitals often face an intricate balancing act in delivering the right clinical, operational and administrative mix of employees to achieve multiple goals and needs of the enterprise. Connecting all the dots for proactive and on-budget workforce strategic planning is almost impossible to achieve with paper-based systems given the increasing amount and type of data inputs needed. Automation is thus essential for smart, data-driven workforce management.

As with other industries undergoing significant disruption and transformation, IT plays an essential role in helping healthcare organizations streamline and optimize operations, including workforce management. Workforce management software solutions help hospitals connect limited human resources with clinical needs based on patient population demographics and patient flow.

The objective of this research service is to present a comprehensive analysis of the US Hospital Workforce Management (WFM) Software market. The study describes and defines the market for various types of software applications deployed by US hospitals to manage an array of functions related to labor allocation/human resource management including staffing and scheduling; time and attendance; payroll; patient acuity; benefits administration; and personnel management. The study discusses market megatrends associated with WFM in US hospitals; reviews key factors driving hospitals to deploy and/or upgrade WFM software in response to dynamic industry shifts; outlines key challenges faced by hospitals as they shift from legacy, siloed approaches to WFM software to new data-driven, integrated, cloud-based approaches; reviews key vendors that serve the industry; provides an overall outlook for future business and IT trends for hospital WFM software; and forecasts growth in spending for the hospital WFM software market for the 4-year period of 2017 to 2020.

Key Questions This Study Will Answer: What types of products comprise the US hospital WFM software market? What are the key features and functions of these products? Who are the key vendors serving this market? What are the market-shifting megatrends impacting the market for WFM software products in US hospitals? What economic, business, and technological factors are shaping disruption and change? What are the specific drivers and restraints impacting the market for WFM software deployed by US hospitals over the next 4 years? What is the 4-year spend outlook for WFM software deployed by US hospitals? What are the key competitive and growth dynamics that vendors serving the hospital WFM software market need to understand?

Table of Contents

1. Executive Summary
Key Findings—Study Highlights
Market Scope and Segmentation
Limitations
Market Engineering Measurements
CEO’s Perspective
Three Market-Leading Companies to Watch
Future Perspectives—3 Big Predictions About Hospital WFM Software
2. Market Background
Workforce Management is a Set of Systems and Processes
Market Scope and Definition for Hospital Workforce Management Software
The Spending Landscape for Hospital WFM Software
Typical Procurement Process for Hospital WFM Software
3. Overview of Hospital Workforce Management Software
Why is it Important to Understand Trends in Hospital Workforce Management?
Hospitals Must Find New Ways to Respond to Key Systemic Challenges That Threaten Their Survival
Changes in Reimbursement in Particular Will Require Hospitals to Transform Traditional Clinician Workflows
Improved Management of the Healthcare Workforce is Critical to Driving Cost Efficiencies
Hospitals are Transitioning to Data-Driven, Strategic Approaches to Manage Their Workforce
The Evolution of Hospital Workforce Management Software—Key Trends
4. Hospital Workforce Management Software—Challenges, Drivers, and Restraints
Challenges for Hospitals as They Re-Think WFM Needs
Market Drivers
Market Restraints
5. Hospital Workforce Management Software Market—Spending Forecast and Trends
Market Engineering Measurements
Forecast Assumptions and Definitions
Total Hospital WFM Software Market—Spend Forecast
Spend Forecast by Market Segment
6. Competitive Environment
Competitive Market Forces Impacting Hospital WFM Software Vendors
Competitive Environment—Vendors
Competitive Environment—Vendor Tiers
Competitive Environment—Vendor Competitive Differentiators
Competitive Environment—Customers
Competitive Environment—Distribution and Sales
Competitive Environment—Pricing and Business Model Trends
Three Market-Leading Companies to Watch
7. Vendor Profiles
Cerner—Overview
Cerner—WFM Software Brands
Cerner—WFM Software Market Position
Cerner—WFM Software Market Differentiators
Cornerstone On Demand—Overview
Cornerstone On Demand—WFM Software Brands
Cornerstone On Demand—WFM Software Market Position
Cornerstone On Demand—WFM Software Market Differentiators
GE Healthcare—Overview
GE Healthcare—WFM Software Brands
GE Healthcare—WFM Software Market Position
GE Healthcare—WFM Software Market Differentiators
Halogen—Overview
Halogen—WFM Software Brands
Halogen—WFM Software Market Position
Halogen—WFM Software Market Differentiators
Harris QuadraMed—Overview
Harris QuadraMed—WFM Software Brands
Harris QuadraMed—WFM Software Market Position
Harris QuadraMed—WFM Software Market Differentiators
IBM Kenexa—Overview
IBM Kenexa—WFM Software Brands
IBM Kenexa—WFM Software Market Position
IBM Kenexa—WFM Software Market Differentiators
Infor—Overview
Infor—WFM Software Brands
Infor—WFM Software Market Position
Infor—WFM Software Market Differentiators
Kronos—Overview
Kronos—WFM Software Brands
Kronos—WFM Software Market Position
Kronos—WFM Software Market Differentiators
McKesson—Overview
McKesson—Healthcare WFM Brands
McKesson—WFM Software Market Position
McKesson—WFM Software Market Differentiators
Oracle—Overview
Oracle—WFM Software Brands
Oracle—WFM Software Market Position
Oracle—WFM Software Market Differentiators
Workday—Overview
Workday—WFM Software Brands
Workday—WFM Software Market Position
Workday—WFM Software Market Differentiators
Workforce—Overview
Workforce—WFM Software Brands
Workforce—WFM Software Market Position
Workforce—WFM Software Market Differentiators
8. Future Perspectives—Growth Opportunities and Calls to Action
Five Growth Opportunities Critical for Future Success
Strategic Business Imperatives for Hospital WFM Software Vendors
Future Perspectives—3 Big Predictions About Hospital WFM Software
Legal Disclaimer
9. Appendix
Market Engineering Methodology
Learn More—Next Steps
List of Exhibits

Infographic



List of Figures & Charts

1. Hospital WFM Software Market: Frost & Sullivan Research Methodology, US, 2016
2. Estimated Percent of Total Hospital Spend on WFM Software, US, 2016
3. Hospital WFM Software Market: Sales and Distribution Structure, US, 2016
4. Hospital WFM Software Market: Key Market Drivers, US, 2017–2020
5. Hospital WFM Software Market: Key Market Restraints, US, 2017–2020
6. Hospital WFM Software Market: Market Engineering Measurements, US, 2016
7. Hospital WFM Software Market: Estimated Total Spend Forecast by Segment, US, 2016–2020
8. Hospital WFM Software Market: Numbers and Types of Vendors, US, 2016
9. Hospital WFM Software Market: Select Market Participants by Tiers of Competition, US, 2016
10. Hospital WFM Software Market: Vendor Competitive Differentiators, US, 2016
11. Hospital WFM Software Market: Key Customer Metrics, US, 2016
12. Hospital WFM Software Market: Distribution and Sales Metrics, US, 2016
13. Hospital WFM Software Market: Pricing and Technology/Business Model Trends, US, 2016


1. Hospital WFM Software Market: Market Engineering Measurements, US, 2016
2. Hospital WFM Software Market: Estimated Penetration of Products by Category, US, 2016
3. Hospital WFM Software Market: Total Spend Forecast, US, 2016 and 2020
4. Hospital WFM Software Market: Benefits Administration Spend Forecast and Percentage of Total Market Spend, US, 2016 and 2020
5. Hospital WFM Software Market: Patient Acuity Spend Forecast and Percentage of Total Market Spend, US, 2016 and 2020
6. Hospital WFM Software Market: Nurse Staffing and Scheduling Spend Forecast and Percentage of Total Market Spend, US, 2016 and 2020
7. Hospital WFM Software Market: Payroll Spend Forecast and Percentage of Total Market Spend, US, 2016 and 2020
8. Hospital WFM Software Market: Personnel Management Spend Forecast and Percentage of Total Market Spend, US, 2016 and 2020
9. Hospital WFM Software Market: Staff Scheduling Spend Forecast and Percentage of Total Market Spend, US, 2016 and 2020
10. Hospital WFM Software Market: Time and Attendance Spend Forecast and Percentage of Total Market Spend, US, 2016 and 2020



Keyword1

Keyword2

Keyword3

Related Research

Release Date : 20-Nov-17

Region : North America

Release Date : 07-Nov-17

Region : North America

Release Date : 06-Nov-17

Region : North America

Release Date : 31-Oct-17

Region : North America

Release Date : 30-Oct-17

Region : North America

Why Frost & Sullivan

Working with the CEO’s growth team to create a vision based on a transformation growth strategy

Creating content-based digital marketing strategies that leverage our research perspective to differentiate and “tell your story”

Tracking over 1000 emerging technologies and analyzing the impact by industry and application to reveal the companies to watch in each sector

The Frost & Sullivan team is based in our 45 global offices and have developed a powerful global understandings of how industries operate on a global level.