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Research Outline
Prepared for Faraaz A. | Delivered March 24, 2020
Electronic Healthcare Records
Review your project details
Goals
To complete the attached
spreadsheet
. For each company listed in column A, provide its annual revenue and calculate its
m
a
r
k
e
t
share using the total electronic healthcare records (EHR) market size found in the previous hour of research. Include these data points in columns D and E respectively. In addition, identify each company's target consumers (i.e. hospitals, clinics, etc.) and include this information in column F. Cite all sources in column G.
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Early Findings
During this additional hour of research, we were able to find the annual revenue of each company listed in column A of the attached
spreadsheet
and calculate its share of the electronic healthcare records (EHR) market. All information is included in columns D and E.
Summary of Findings
We spent this hour finding the annual revenue of each company listed in column A of the attached
spreadsheet
, using official annual reports wherever possible.
In addition, we calculated the market share of each company using the total EHR market size found during our last hour of research (
$25.5 billion
). Based on this information, the
top five players
in the EHR market according to market share are:
Cerner
Epic Systems
NextGen Healthcare
Athenahealth
GE Healthcare
Please note that GE Healthcare is not a pure competitor since IT products like EHR systems only make up one segment of its total sales. One industry expert estimates that roughly
8%
of GE Healthcare's
$19.8 billion
in annual revenue comes from IT sales. As such, we included $1.52 billion as its annual revenue relevant to the EHR market in the attached
spreadsheet
.
We recommend continued research to identify each company's target consumers (i.e. hospitals, clinics, etc.).
It might also be useful to conduct a SWOT (strength, weaknesses, opportunities, threat) analysis of the top players in the EHR market.
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