US Hospital Workforce Management Software Market, Forecast to 2020

HealthcareUS Hospital Workforce Management Software Market, Forecast to 2020

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

RELEASE DATE
31-Jul-2017
REGION
North America
Deliverable Type
Market Research
Research Code: K153-01-00-00-00
SKU: HC02858-NA-MR_20495
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US Hospital Workforce Management Software Market, Forecast to 2020
Published on: 31-Jul-2017 | SKU: HC02858-NA-MR_20495

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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?

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

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

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

Challenges for Hospitals as They Re-Think WFM Needs

Market Drivers

Market Restraints

Market Engineering Measurements

Forecast Assumptions and Definitions

Total Hospital WFM Software Market—Spend Forecast

Spend Forecast by Market Segment

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

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

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

Market Engineering Methodology

Learn More—Next Steps

List of Exhibits

List of Figures
  • 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
List of Charts
  • 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
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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 soft
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Table of Contents | 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~ | 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~ | 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~ | Hospital Workforce Management Software—Challenges, Drivers, and Restraints~ || Challenges for Hospitals as They Re-Think WFM Needs~ || Market Drivers~ || Market Restraints~ | 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~ | 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~ | 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~ | 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~ | Appendix~ || Market Engineering Methodology~ || Learn More—Next Steps~ || List of Exhibits~
List of Charts and Figures 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~
Author Nancy Fabozzi
Industries Healthcare
WIP Number K153-01-00-00-00
Is Prebook No