What is Healthcare Workforce Management System Market?
Healthcare Workforce Management System is designed to help healthcare providers to manage their workforce and increase efficiency and productivity among employees to provide efficient healthcare services. These systems enable to quickly match and access the right employee to the right job and allows management to effectively oversee employee operations. The proper management led to quick service in case of emergencies and allows to quickly scheduling and shift swapping workforce. In addition, these systems provide visibility into and/or record and track healthcare workforce activities and information. According to the World Health Organization (WHO), by 2050, the global geriatric population will reach 2 billion. This growth will be majorly in developed countries. This is expected to increase the demand for healthcare professionals and hence, will drive the market growth.
The market study is being classified by Type (Software {Standalone Software, Integrated Software} and Services {Implementation Services, Support and Maintenance, Optimization Services, Training/Education Services}), by Application (Payroll, Staffing and Scheduling, Time and Attendance, Patient Classification and Analytics) and major geographies with country level break-up.
IBM Corporation (United States), Infor, Inc. (United States), Oracle Corporation (United States), Kronos, Inc. (United States), SAP SE (Germany), McKesson Corporation (United States), Automatic Data Processing, Inc. (United States), ATOSS Software AG (Germany), Workday, Inc. (United States) and dormakaba Group (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are WorkForce Software, LLC (United States), Ultimate Software (United States), Verint (United States), Red Book Connect LLC (United States), Reflexis Systems, Inc (United States) and NICE Systems Ltd. (Israel).
The manufacturers of the healthcare workforce management system market continue to focus on innovation and technological advancements in the product. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Healthcare Workforce Management System market by Type, Application and Region.
On the basis of geography, the market of Healthcare Workforce Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Expenditure On Healthcare Services
- Growing Need To Reduce Healthcare Costs Through Effective Management And Utilization Of Healthcare Workforce
Market Trend
- Demand for Mobile Platforms for Healthcare Workforce Management Systems
Restraints
Opportunities
- Competitiveness to Drive Workforce Optimization in the Healthcare Industry
- Growing Demand for Healthcare Professionals in Pandemic Situations
Challenges
- High Cost Of Deployment Limits Greater Adoption Of Workforce Management Systems
In February 2019, Kronos Incorporated, a leading provider of workforce management and human capital management cloud solutions extended its Workforce Dimensions Technology Partner Network by introducing new healthcare-focused software. This software utilizes the revolutionary Workforce Dimensions solution and intelligent Kronos D5 platform to reshape the future of work for healthcare providers and their employees.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Healthcare Workforce Management System Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
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