Average Mkt Cap
#25 of 49
$15 B
Lowest CAGR
#45 of 49
15 %
Workflow management systems can be used to streamline operations and improve patient outcomes. These systems can automate routine tasks like appointment scheduling and prescription refills, reducing the administrative burden on providers. Workflow management systems can also improve communication between providers and patients, ensuring that all members of the care team are informed and up-to-date. The adoption of these systems is still relatively low, but there is growing interest in their potential to improve efficiency and quality.
0 FDA approvals in Workflow Management Systems
Improved Efficiency
"Workflow management systems can improve efficiency by automating routine tasks, reducing errors, and enabling more streamlined communication and collaboration among professionals." - Journal of Medical Systems, November 2021
Standardization of Processes
"Workflow management systems can help to standardize processes and ensure that best practices are followed consistently across an organization." - Healthcare Informatics Research, January 2022
Improved Patient Care
"Workflow management systems can improve patient care by providing real-time information and alerts, enabling more coordinated care, and reducing the risk of errors." - International Journal of Medical Informatics, February 2022
Investor sentiment
Grand View ResearchOctober 2020
"...The global workflow management systems market size was valued at $1.3 billion in 2019 and is expected to grow at a CAGR of 12.7% from 2020 to 2027, driven by the increasing adoption of electronic records (EHRs) and other IT systems, the rising need for efficient and streamlined workflows in organizations, and the growing demand for patient-centric services."
MarketsandMarketsJuly 2020
"...The global workflow automation market size is expected to grow at a CAGR of 14.8% from 2020 to 2025, driven by the increasing demand for improved patient outcomes, the rising need for efficient and cost-effective services, and the growing adoption of AI, ML, and robotic process automation (RPA) in workflow management."
Frost & SullivanDecember 2020
"...The workflow automation market in North America was valued at $1.5 billion in 2019 and is expected to grow at a CAGR of 11.7% from 2020 to 2026, driven by the increasing adoption of EHRs and other IT systems, the growing need for patient-centered services, and the rising demand for workflow automation solutions that can improve clinical outcomes and reduce costs."
Sector leaders
OpenTempo
OpenTempo offers organizations staff scheduling, patient flow, and compensation management.
OptimizeRx
OptimizeRx is a technology solutions provider that provides an enterprise platform that connects pharmaceutical companies, providers, pharmacies, and patients to improve outcomes.
Cerner
Cerner offers a range of IT solutions, including electronic records, population management, and revenue cycle management. Cerner's workflow management system, called Dynamic Documentation, aims to reduce documentation time for clinicians.
