Apr 04, 2023. 6 min Read

Did you know that the market for Electronic Medical Records (EMR) is growing and is expected to reach a huge US$ 17.6 billion in 2023? And it’s predicted to rise to a staggering $32.3 billion by 2033. Why is EMR expanding so rapidly, you ask? Well, it's because healthcare spending by non-government and governmental entities is rising. As resources are pumped into healthcare, the need for efficient and effective management of medical records is becoming increasingly important. And that’s where EMR software comes in. During the predicted time period, the use of EMR is expected to grow at a CAGR of 6.2%. But what’s driving this growth? It’s the need for scalability! Multiple healthcare providers are buying EMR software-as-a-service because they need a scalable solution that can handle their growing patient base. But what is EMR really? Let's have a look.

What are Electronic Medical Records?

Electronic health record (EHR) software is a digital system for organizing and managing patients' medical records. Just imagine having your entire medical history stored in a single, easily accessible location. Think of EHR software as a superhero with various components that work together to store and manage patient data securely. 

Importance of Electronic Health Records

Gone are the days of paper-based medical records, with EHR software, you can have comprehensive patient data, including medical history, diagnoses, medications, lab results, immunizations, and other medical information, at your fingertips. The best part? Electronic Medical Records software is designed to improve patient care, reduce medical errors, and increase operational efficiency.

EHR software is not just a digital file cabinet for medical records, it's an intelligent system that collects patient data from various sources, including patient portals, medical devices, and other healthcare systems. The information is then put into a central database, where authorized healthcare providers can access it and share it safely. And the best part? Healthcare providers can access patient data using desktop or mobile devices, allowing them to provide patient care more efficiently.

4 EHR Modules and their Significance

Electronic Medical Records 

One of the modules is Electronic Medical Records, which captures and stores all patient data. 

Clinical Decision Support

Another module is Clinical Decision Support, which provides alerts and reminders to healthcare providers based on patient data to ensure informed clinical decisions are made. 

Electronic Prescribing module

There's also the Electronic Prescribing module, which allows healthcare providers to electronically prescribe medications, reducing medication errors and improving patient safety. Patient Portals provide patients with secure online access to their medical records, appointment schedules, and test results, enabling them to manage their healthcare more efficiently. 

Health Information Exchange

Lastly, the Health Information Exchange module enables the exchange of patient data securely between healthcare providers, allowing for better coordination of care.

Key Factors Driving Worldwide EHR market growth

Governmental Factors

The adoption of Electronic Health Records is on the rise, thanks to government initiatives that are driving the growth of the EHR market. Governments all over the world are helping healthcare organizations put EHR systems in place. This makes it easier for them to switch from using paper records to using digital records.

The UK's National Health Service (NHS) is a good example of this. All of the NHS's paper work has been digitized, which has made healthcare services more efficient and easier to use. This is just one of many region-specific initiatives that are promoting digital healthcare services. 

As a result of these efforts, the EHR market is expected to grow by a lot over the next few years. This is great news for healthcare professionals and organizations, as the adoption of EHR systems can lead to improved patient care, reduced medical errors, and increased efficiency in healthcare services. The growing use of connected devices and technologies

One of the leading trends influencing the market is the growing use of connected devices and technologies, such as the Internet of Things (IoT). In the healthcare sector, IoT is helping to bridge the gap between physical and digital data sources by monitoring patients in real time. This has led to an increase in the number of data sources and the amount of data generated. 

To keep up with this trend, device manufacturers and healthcare organizations are focusing on improving their network security, particularly with the rising use of cloud-based infrastructure. This is making hospitals and clinics adopt EHR systems so they can take advantage of the benefits of digital records and stay ahead of the curve in a world that is becoming increasingly connected. 

Read more: Digital Transformation Trends in 2023

Key Factors of EHR Software Adoption in Japan

Government Initiatives

The Japanese government has been pushing for digitalization in healthcare and has set a goal of achieving full adoption of EHR systems in the country by 2025. This means that healthcare providers across Japan are being encouraged to adopt EHR software in order to keep up with this initiative and the changing healthcare landscape. 

Post Covid Outcomes

The COVID-19 pandemic has also played a role in accelerating the adoption of EHR software in Japan. As healthcare providers were forced to shift to remote work and telemedicine, the need for digital tools like EHR software became even more pressing.

Regional Healthcare Information Networks (RHINs)

And third, initiatives like the Regional Healthcare Information Networks (RHINs) have been launched to promote the sharing of health information among healthcare providers across different regions. This means that EHR software can help facilitate better communication and collaboration between healthcare providers, ultimately leading to better patient outcomes.

Benefits of Electronic Healthcare Records in Japan

There are many reasons why electronic health record (EHR) software should be used in Japan, especially since the healthcare system is still changing. Let me walk you through some of the key advantages:

Improved Efficiency and Productivity

EHR software can help healthcare providers in Japan streamline their workflows and reduce the time and effort spent on administrative tasks like record-keeping and data entry. This can give providers more time to focus on giving their patients good care, which will improve their productivity and efficiency in the long run.

Better Patient Outcomes

EHR software can also help improve patient outcomes by giving doctors and nurses access to real-time information about patients. This lets them make better decisions about diagnosis and treatment. EHR software can also help cut down on medical mistakes by pointing out things like drug interactions and allergies.

Increased Collaboration

EHR software can make it easier for healthcare providers in Japan to talk to each other and work together, especially through programs like Regional Healthcare Information Networks (RHINs). This can help improve patient care by ensuring all providers have access to the same information about a patient's health status and treatment plan.

Cost Savings

EHR software can also help healthcare providers in Japan save money over the long term by reducing the need for paper-based record-keeping and administrative tasks. In addition, EHR software can help reduce the likelihood of medical errors and the associated costs of treating those errors.

As the healthcare landscape continues to evolve, EHR software can help providers stay up to date and provide the highest quality care to their patients.

How Visnext’s Customized Software Solutions can Help the Medical Industry?

For healthcare industry leaders seeking innovative and comprehensive electronic health record (EHR) solutions, Visnext is the trusted partner. With over a decade of experience and collaborations with big names in the field, we have developed ONC-certified EHR systems that have transformed the industry. Our all-in-one solutions provide a suite of essential tools, including telemedicine, practice marketing, and remote patient management. We even offer a platform for virtual consultations that enable patients to receive quality care from the comfort of their homes. Our software solutions automate and secure ancillary data and medication orders, reducing paper-based processes and minimizing the risk of errors. Visnext's EHR solutions optimize healthcare providers' operations, enhance efficiency, and ultimately deliver top-notch care for patients.

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