Frost & Sullivan: The patient engagement movement is shaping up to be a significant cultural shift impacting all healthcare system stakeholders
MOUNTAIN VIEW, Calif. - Sept. 26, 2013 - Approximately 50 percent of U.S. hospitals and 40 percent of U.S. physicians in ambulatory practice possess some type of patient portal technology, mostly acquired as a module of their practice management (PM) or electronic health record (EHR) system. While the availability of patient portals does not necessarily translate into active provider or patient use, the technology is emerging as the key platform for various efforts around patient engagement such as access to medical records, communication with providers, education, wellness tracking and e-visits.
New analysis from Frost & Sullivan's (http://www.healthcareIT.frost.com) U.S. Patient Portal Market for Hospitals and Physicians: Overview and Outlook, 2012–2017 predicts the market to grow significantly over the next five years. The total U.S. patient portal market for hospitals and physicians earned revenue of $279.8 million in 2012. This is expected to increase steadily, reaching $898.4 million in 2017, representing a 221.1 percent increase. The majority of revenue will primarily result from increased demand driven by myriad forces including the need to meet Stage 2 Meaningful Use (MU) requirements, the growing move to clinical integration and accountable care, and increasing consumer demand for health information technology.
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Patient portals are Web-based applications enabling patients to interact and communicate with their healthcare providers. Patient portal adoption and active use is accelerating dramatically across the U.S., driven by Stage 2 MU requirements. These requirements are scheduled to begin in October 2013 for hospitals and January 2014 for physicians. Stage 2 MU requires providers to adopt and use technology that allows patients to electronically view, download and transmit electronic copies of their own medical records. Patient portals are the key technology that will help providers meet these requirements. In addition, providers that adopt patient portals will enjoy a competitive advantage as patients increasingly demand convenient, 24/7 access to their financial and clinical data.
"The need to fully engage patients as a member of the care team is fundamentally about encouraging individuals to become more involved with their healthcare, so they will be motivated to make behavioral changes that can positively impact their health status," said Frost & Sullivan Connected Health Principal Analyst Nancy Fabozzi. "That need will only grow as the healthcare system moves towards accountable care and value-based reimbursement. The importance of this movement cannot be underestimated."
The majority of healthcare providers are primarily adopting patient portals that are built in or added on as a module to their PM or EHR system. This adoption era can be considered "Patient Portal 1.0." However, because the majority of solutions available today are not capable of providing the advanced interoperability and functionality needed to support clinical integration, accountable care and ongoing and sustainable patient engagement, significant disruption is forecasted in the years to come.
"As healthcare reform and transformation advances, providers will seek new ways to engage patients and influence behavior beyond the point of care and will increasingly look to the more advanced solutions that are proven to consistently motivate patient compliance and sustained behavioral change," concluded Fabozzi. "These solutions, which can be considered "Patient Portal 2.0," will have robust functions such as health information exchange across diverse care settings, integration of clinical and financial data, dynamic scheduling, social networking, gaming, avatars for personalized health coaching, and e-visits."
U.S. Patient Portal Market for Hospitals and Physicians: Overview and Outlook, 2012 – 2017 is part of the Connected Health Growth Partnership Service program, which also includes research in the following markets: health information exchange, health data analytics, telehealth, emerging wireless technologies, acute care information systems, enterprise clinical information systems, and billing and revenue cycle management systems. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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U.S. Patient Portal Market for Hospitals and Physicians: Overview and Outlook, 2012 – 2017
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