How 'Hospital Information Systems' is Used in
This Analysis
HOSPITAL: The target market for the vendors
on this list is primarily hospitals, not physician practices, managed care
organizations, long term care facilities or other health care markets.
Many vendors sell to multiple markets, but
for the purposes of this analysis HIS Professionals required the majority of
revenue to come from hospitals.
Information
INFORMATION:
The full suite of applications needed to automate most major departments in a
hospital: financial (access, HIM, and revenue cycle), and clinical (EMR,
nursing, and major ancillary departments).
McKesson
2011
HIS Revenue: $3.195 billion
2010
Revenue: $3.124 billion
Source:
SEC 10-K
The
company's Provider Technologies division continued its dominance of the HIS
market by posting nearly $3.2 billion in 2011 HIT revenue, up from 2010’s total
of just over $3.1 billion.
The
I.T. division represented 44% of the parent drug company’s profit from their
$112 billion in total revenue.
Cerner
2011
HIS Revenue: $2.2 billion
2010
Revenue: $1.85 billion
Source:
SEC 10-K
Revenue
grew by 20% as sales of the Millennium suite of EHR products yielded annual
revenues of $2.2 billion.
Cerner
selling strongly in the community hospital market through its remote hosted
solutions, has a strong international presence, and now is offering “Community
Works” to Critical Access Hospitals (CAH) under 25 beds.
Siemens
2011
HIS Revenue: $1.7 billion
2010
Revenue: $1.6 billion
Source:
Estimate
The
$1.7 billion in HIT revenue is estimated based on its complex parent
organization, which does over 85 billion Euros worldwide.
Siemens
Soarian EHR is selling well, and a number of clients still are on the aging
Invision and MedSeries4 systems that are Soarian prospects.
Allscripts
2011
HIS Revenue: $1.4 billion
2010 Revenue: $704 million
Source: SEC 10-K
2010 Revenue: $704 million
Source: SEC 10-K
Reported
$1.4 billion in 2011 revenues, thanks in part to the acquisition of Eclipsys in
2010, which was a dominant player in the high-end HIS market with its Sunrise
suite.
AllScripts
had been a major player in the physician practice market and its impressive
revenue figure reflects the growing interest in community-wide EHRs that
include hospitals as well as physician practices.
Epic
2011
HIS Revenue: $1.2 billion
2010
Revenue: $825 million
Source:
Estimate
Epic
continues its amazing growth thanks to a slew of signings in 2011.
GE Healthcare
2011
HIS Revenue: $900 million
2010 Revenue: $950 million
Source: Estimate
2010 Revenue: $950 million
Source: Estimate
The
Centricity product line comprises former IDX CareCast hospital EHR and practice
management systems, as well as MedicaLogic’s Logician ambulatory EHR.
HIS
Professionals estimates that HIT revenue has dropped from $950 million in 2010
due to sluggish sales, although parent GE is still the sixth largest firm in
the United States and its health care division, which sells myriads of
technology products in radiology (RIS/PACS) and other niches (CVIS), posted $18
billion in sales.
Meditech
2011
HIS Revenue: $545 million (estimate)
2010
Revenue: $459 million
Source:
SEC 10-K
The
$545 million would be even larger if it included hardware-- Meditech and Epic
being the only HIS vendors that do not sell servers.
The 19%
jump from 2010 revenue of $459 million is a testimonial to the company's
ability to juggle three product platforms with hundreds of hospitals running on
each: Magic, Client/Server and Release 6 (now being called Meditech Advanced
Technology, or MAT).
NextGen
2011
HIS Revenue: $353 million (estimate)
2010 Revenue: $292 million
Source: Estimate
2010 Revenue: $292 million
Source: Estimate
The
practice system vendor acquired Opus’ modern and highly functional inpatient
EHR, Sphere’s hospital financial systems and Rick Opry’s IntraNexus (successor
to the SMS Allegra system).
Like
Allscripts, NextGen offering a total HIS along with a strong physician EMR/PM
system has been a hot seller, primarily in the small hospital market.
CPSI
2011
HIS Revenue: $174 million (estimate)
2010
Revenue: $153 million
Source:
SEC 10-K
The
leader in the small (under 100-bed) hospital market, with $174 million in
revenue and a 15% profit margin. Revenue was up 14% from 2010’s $153 million,
thanks to another year of strong sales of its CPSI System, installed in over
600 hospitals.
QuadraMed
2011
HIS Revenue: $170 million (estimate)
2010 Revenue: $150 million
Source: Company
2010 Revenue: $150 million
Source: Company
The
$170 million in 2011 revenue estimate reflects sales of its QCPR (“QuadraMed
Computerized Patient Record”) EHR, acquired from Misys to the Affinity client
base, as well as strong sales of its HIM and identity management eMPI systems.
Keane
2011
HIS Revenue: $160 million
2010 Revenue: $190 million
2010 Revenue: $190 million
Source:
Estimate
The
company was sold to NTT (Nippon Telephone & Telegraph) by Caritor in 2010,
complicating HIT revenue figures.
Its
I.T. subsidiary “NTT DATA Inc” posted $1.5 billion in worldwide revenues, of
which HIS Professionals estimates includes $160 million in 2011 HIT revenue.
The
company sells the industry-leading LTC system, plus sales of their new
“Optimum” HIS to PatCom and First Coast clients.
HMS
2011
HIS Revenue: $110 million
2010
Revenue: $100 million
Source:
Estimate
The HMS
based in Nashville, Tenn. (another company called HMS is based in New York and
sells managed care software).
HMS is
a leader among small hospitals, and HIS Professionals estimates $110 million in
2011 revenue, much of it from the acquisition of MedHost, a popular ED system,
and a new ambulatory EHR. Company is owned by Primus, a European VC firm.
Healthland
2011
HIS Revenue: $70 million
2010
Revenue: $65 million
Source:
Estimate
A strong
player in the under 25-bed CAH (Critical Access Hospital) market with an
estimated $70 million in 2011 revenue, mainly sales of EHR applications to a
large client base of over 400 hospitals.
healthdatamanagement.com
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