If you’re in the market for an EMR, you’ve probably come across both Cerner and Epic EMR. Each of these software packages offers a lot of different features, but which is right for you? There are several factors that you should consider before you make a decision, such as cost, user interface, and market share.
Market share declines
In the electronic medical record (EMR) space, Epic and Cerner have been neck and neck. Both vendors are popular among hospitals. However, over the last decade, market share has decreased for both companies.
Cerner has lost large acute care customers, but has stabilized with wins for small standalone hospitals. They also won state-wide EHR contracts in Queensland, New South Wales, and other states.
Epic, on the other hand, has lost several large hospital clients. Its share in the US has decreased by 0.2%, but its international business has increased. This was partially due to success in Europe.
Epic’s appeal is largely based on its predictive models that use artificial intelligence to detect issues like sepsis. Many top-rated hospitals in the United States have chosen Epic as their EHR system. The company also provides technical support and a semi-annual newsletter. But it might not be enough to get more hospitals to adopt an updated EHR.
Meditech is the third largest EMR vendor in the U.S., and the only major vendor to report migrations of more than 14 acute care hospitals in the past year. The company praised a substantial net new win total of seven inpatient specialty hospitals.
User interface
If you’re looking for an EHR system to improve the quality of care for your patients, you may want to consider Epic or Cerner. These two providers are considered the best options in the industry. However, choosing one is a tricky decision. You need to consider the price, user experience, and overall functionality of the products.
Both companies offer a number of mobile applications. For instance, Cerner has the Powerchart Touch app. It allows you to take notes, upload pictures, and receive messages. This makes for easy access to your EHR on the go.
In addition to its slick interface, Epic also offers a number of additional features. These include a customizable patient-facing platform, a Canto tablet application, and Limerick for smartwatches.
While the majority of hospitals and health systems use Epic, it has recently entered the private practice market. As a result, the company has released a version of its EHR designed specifically for small practices.
Cost
When it comes to choosing an EHR system, the two major players in the industry are Epic and Cerner EHR. Their products offer a lot of benefits, but they also come with different prices. For healthcare organizations, choosing between the two can be a difficult decision.
Choosing an EHR depends on a number of factors, including what your organization needs. Both Epic and Cerner have the ability to provide real-time data and interoperability. Unlike the earlier versions of their systems, both companies update their software frequently to keep up with new features and functionalities.
In comparing the costs of these two popular EHR solutions, it’s important to consider both implementation and training costs. You may also need to spend on HIPAA compliance audit services. Depending on the size of your organization, you might find that one of these solutions is more affordable than the other.
Epic provides a comprehensive solution for organizations of all sizes. It is a popular choice among larger health systems. But it is also a top pick for many smaller hospitals. Similarly, Cerner is preferred for smaller practices, since it offers an array of specialty modules.
M&A activity
Epic and Cerner are both leading providers of EHR technology, but the two vendors differ in a number of ways. For example, while Cerner and Epic offer similar software solutions, Epic also leads in interoperability and population health management. In addition, Epic has gained a small lead over Cerner in overall market share.
However, the two companies face competition from other leading US vendors, such as Telus and Allscripts. This is a growing concern for Cerner. Despite this, the vendor has experienced some success in the international market. It maintains its presence in Europe and the Middle East. In addition, it has acquired a large footprint in Australia.
Cerner continues to be a leader in the industry, though it faces increasing competition from EMEA competitor Dedalus. The company recently announced that it plans to integrate Oracle human capital management systems into its Millennium EHR, which is slated to launch in 2020.
While both companies have experienced growth in recent years, Epic has gained the most market share, which is largely due to M&A activity among provider organizations. Although Epic remains the dominant choice for larger hospitals, Cerner is the top choice for many other smaller hospitals.