Assisted Living Software Market 9.20% CAGR by 2021 Driven by Need for Workflow Automation
ReportsnReports.com adds Global Assisted Living Software Market 2017-2021 latest research report; the analysts forecast global assisted living software industry to grow at a CAGR of 9.20% during the period 2017-2021.
June 19, 2017 /MarketersMedia/ —
One trend in the assisted living software market is increased adoption of analytics in assisted living software. Big data and analytics is gaining popularity in the assisted living industry as a wide variety of analytical and statistical modeling tools are being used in facilities to get structured and meaningful insights about operations. The assisted living care provider organizations are generating a massive amount of data, such as resident health information records and non-clinical data, such as administrative and financial data.
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According to the assisted living software market report, one driver in the market is need for workflow automation. The assisted living software automates and streamlines paper processes with online forms and automated workflows. From incident reporting to revised policies, it can effectively track and manage pre-built forms and simple automated approval processes. Features of the assisted living software, such as resident evaluation, automatically link custom resident assessments to community care planning, guaranteeing that the appropriate care and billing levels are provided for each resident.
The following companies as the key players in the global assisted living software market: American Healthtech, Yardi Systems, RealPage, PointClickCare, and MatrixCare. Other prominent vendors in the market are: AL Advantage, Assisted Living Soft, Caremerge, Carevium, CareVoyant, Dude Solutions, ECP, Eldermark, iCareManager, Medtelligent, and VITALS SOFTWARE. Order a copy of Global Assisted Living Software Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=1062608 .
Global Assisted Living Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global assisted living software market for 2017-2021. To calculate the market size, the report considers new installations, sales, volume, and value.
Further, the report states that one challenge in the market is threat from open-source assisted living software. The global assisted living software market has open-source vendors that provide a range of business analytic tools and applications. The open-source assisted living software can be downloaded and run on all platforms. As the purchasing and licensing costs of the commercial MPMS is high, numerous small- and medium-sized facilities and individual users prefer open-source products, which are freely available on the Internet.
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The assisted living software market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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