Are you curious about the companies shaping the future of healthcare technology? Medical software companies are at the forefront of revolutionizing patient care and streamlining healthcare operations. These companies are creating advanced medical software systems that greatly improve how healthcare providers offer services and handle patient information.

In this article, you'll discover the top players in the medical software industry. We'll take a closer look at healthcare software companies like Epic Systems, Cerner Corporation, and Allscripts Healthcare Solutions. You'll learn about their groundbreaking products, market position, and how they're changing the healthcare landscape.

This overview shares key information about companies that are innovating in healthcare technology. Useful for healthcare workers and anyone interested in medical advancements.

Epic Systems Corporation

Epic Systems Overview

Epic Systems Corporation, or Epic, is a top American company that has changed the healthcare software industry significantly. Epic started in 1979 with three part-time workers in a basement. Now, it is a major player in healthcare technology. The company's mission is clear: to help people get well, stay well, and enable future generations to be healthier.

Epic's influence on medical professionals and the healthcare sector is substantial. In 2022, the majority of hospitals in the US and some internationally utilized Epic software for medical records.

This software served 78% of patients in the US and 3% globally. This widespread adoption is a testament to the company's impact on healthcare information management. Currently, more than 325 million patients have an active patient record in Epic.

Epic Systems Pricing

Epic's pricing structure is complex and varies significantly based on the size and needs of the healthcare organization. While exact figures can be challenging to pinpoint, here's an overview of Epic's pricing model:

• For small practices: The starting price is around $1,200, excluding training charges.
• For large hospitals: Costs can average up to $500,000.
• Monthly pricing: Ranges from $200 to $35,000.
• Training costs: Average around $2,000.

Important to note that these figures can vary widely. For instance, a 15-physician practice reported spending about $600,000 in the first year of implementation. A large-scale hospital with 500 doctors spent $85 million in the first year to switch to the Epic EMR system.

Cerner Corporation

Cerner Corporation Overview

Cerner Corporation, now owned by Oracle, is a leading provider of health information technology solutions and services. With a global presence, Cerner supports over 27,000 facilities worldwide, catering to healthcare organizations of all sizes. In 2021, the company reported an impressive revenue of $5.8 billion, showcasing its significant market position.

Cerner's main product, the Millennium® platform, is a comprehensive set of medical software used in hospitals and clinics. This cloud-based Electronic Medical Record system serves 200 million people worldwide, showing its popularity and trustworthiness.

The Department of Defense and the Veterans Administration chose Cerner to replace the old VistA electronic health record system. This is a major accomplishment for the company. This multi-billion dollar contract underscores Cerner's capability to handle large-scale, complex implementations.

Cerner Corporation Pricing

Cerner's pricing structure is flexible and tailored to meet the specific needs of each healthcare organization. While exact figures are not publicly disclosed, here's an overview of the pricing model:

• Basic Plan: Starts at $25 per user per month.
• Custom pricing is available for larger projects. The costs depend on the size of the organization, the features needed, and the level of customization required.

Installing Cerner in a mid-size hospital can cost between $2 million and $5 million. Recently, Petersburg Medical Center in Alaska used $1.3 million from a state grant to install Cerner software.

Additional costs to consider include:

1. Customization: Can range from $1,000 to $1,000,000 depending on the extent of modifications.
2. Training: Varies from $2,000 to $1,000,000 based on the number of users and organization size.
3. Data Migration: Can cost from a few thousand to several hundred thousand dollars, depending on data complexity.

Worth noting that compared to some competitors, Cerner's maintenance costs are relatively lower. Upgrading Cerner typically costs 35% of the original contract value. In comparison, Epic EHR upgrades usually cost around 50%.

Allscripts Healthcare Solutions

Allscripts Overview

Veradigm's main system is the Veradigm Network, which incorporates artificial intelligence for advanced analytics. It connects over 300,000 healthcare providers in the U.S. The network serves more than 170 million patients.

This network helps transition to value-based care. It provides access to anonymous patient data, connects providers, and offers analytics for life science companies and health plans. The network is large in scale.

Allscripts Pricing

Veradigm offers flexible pricing options to accommodate different healthcare organizations' needs and budgets. While exact pricing details are not publicly disclosed, here's an overview of the pricing structure:

1. Cloud-Based Model: Veradigm primarily operates on a cloud-based, software-as-a-service (SaaS) model.
2. Customized Pricing: The cost varies based on factors such as practice size, required features, and level of customization needed.
3. Consider the initial setup and implementation costs, which can differ based on the system's complexity and the organization's requirements.
4. Training Expenses: Budget for staff training to ensure effective use of the system.
5. Ongoing Support: Factor in costs for continued technical support and system updates.

Contact Veradigm directly for an accurate quote tailored to your organization's specific requirements. They can provide a customized pricing proposal based on your practice's size, specialty, and desired features.

Meditech

Meditech Overview

Meditech has been a top healthcare technology company for 44 years. They offer software solutions for healthcare organizations globally. Meditech Expanse is an EHR system software developed to improve business practices, ease clinician workloads, and enhance patient outcomes.

Meditech's global presence is impressive, supporting more than 2,300 healthcare organizations across 23 countries. The company's extensive experience, particularly its 20-year track record in the United Kingdom, demonstrates its understanding of the complexities and challenges facing healthcare organizations.

Meditech Pricing

Meditech's pricing structure is flexible and tailored to meet the specific needs of each healthcare organization. While exact figures are not publicly disclosed, here's an overview of the pricing model:

1. Meditech charges a fee for its tool based on the organization's size and the features included. The fee is subscription-based. The larger the organization and the more features included, the higher the fee.
2. Additional Costs: Besides the subscription, there are fees associated with maintenance, installation, customization, training, and renewal.
3. Data Migration Costs: Prices for data migration vary based on the volume of records:

• 1,000 records: $500
• 10,000 records: $2,500
• 100,000 records: $10,000
• 1 million-plus records: $25,000

NextGen Healthcare

NextGen Healthcare Overview

NextGen Healthcare has been a pioneer in ambulatory healthcare technology solutions since 1974. With a mission to empower ambulatory practices, the company provides innovative health IT solutions that help achieve clinical, operational, and financial success. NextGen Healthcare's comprehensive, integrated technology and services platform, including a mobile app, supports ambulatory and specialty practices of all sizes.

The company's focus on ambulatory care sets it apart in the healthcare software industry. NextGen Healthcare dedicates itself to reimagining ambulatory healthcare with award-winning solutions that empower high-performing practices to create healthier communities. Their commitment to better healthcare outcomes for all drives their continuous innovation and client support.

NextGen Healthcare Pricing

NextGen Healthcare offers customized pricing solutions to fit the exact needs of ambulatory practices. While specific pricing details are not publicly disclosed, here are some key points to consider:

1. We tailor pricing for customized solutions based on your practice's size, specialty, and required features.
2. No extra fees: NextGen Healthcare says there are no hidden charges for training or support needed to start your practice.
3. Cloud-Based Model: The platform operates on a cloud-based model, which may affect pricing structure.
4. Claim Submission Limits: It's worth noting that some plans have a cap on the number of claims you can submit per month.

Contact NextGen Healthcare directly for an accurate quote tailored to your organization's specific requirements. They can provide a customized pricing proposal based on your practice's needs and desired features.

Athenahealth

Athenahealth Overview

Athenahealth provides cloud-based healthcare technology to help streamline operations and enhance patient care, revolutionizing the healthcare industry. They offer a range of services for healthcare providers, including a user-friendly patient portal. The company's main product, athenaOne, combines EHR software, practice management, and care coordination in one online platform. This integration simplifies healthcare delivery, helps manage patient care, and enables more efficient practice management.

One of Athenahealth's standout features is its use of cloud technology. Athenahealth uses the cloud for easy self-service, quick updates, and broad access.

Athenahealth uses the cloud for easy self-service and quick updates. This allows healthcare providers to access important business functions and patient information. They can do this from almost anywhere using standard devices like PCs or tablets.

Athenahealth Pricing

Athenahealth's pricing structure is flexible and tailored to meet the specific needs of each healthcare organization. While exact figures are not publicly disclosed, here's an overview of their pricing model:

1. Percent-based Model: Your practice pays a certain percentage of its monthly collections to use the athenahealth software. This percentage usually falls between 9-11%, based on factors like claim value, volume, and billing complexity.
2. Encounter-based Model: An alternative pricing structure based on the number of patient encounters.
3. Athenahealth provides free training and customization during the 11-week implementation process.
4. Extra Costs: Based on your package, you might need to hire a medical biller for tasks like posting charges and creating E&M codes.

Contact Athenahealth directly for an accurate quote tailored to your organization's specific requirements. They can provide a customized pricing proposal based on your practice's size, specialty, and desired features.

McKesson Corporation

McKesson Corporation Overview

The company aims to enhance health for everyone by changing how patient care is provided in different places.

As a strategic supplier in the United States, McKesson provides more than just efficient access to pharmaceuticals. The company provides affordable products and tools to help healthcare providers manage and reduce rising medication costs. McKesson offers data-driven tools to help you achieve your financial, operational, and clinical performance goals effectively.

McKesson Corporation Pricing

McKesson does not share exact prices for its services. However, it offers flexible and customized solutions. These solutions meet the needs of various healthcare organizations. McKesson bases its prices on organization size, services needed, and implementation complexity.

You can customize the EnterpriseRx® system, and it hosts fully. This means that prices may vary. The cost depends on the level of customization required and the size of the operations. Pharmacy automation systems are flexible and integrated, with pricing based on each pharmacy's needs and size.

GE Healthcare

GE Healthcare Overview

GE Healthcare leads in precision care, focusing on enhancing patient care and transforming healthcare with innovative solutions. GE Healthcare has a history of 130 years. They work with doctors to provide advanced medical technology. They also offer digital diagnostics and connected tools.

The company wants to improve healthcare. They plan to use technology to engage patients. This will make the process more efficient and effective for them. They want to do this without any limitations.

As a standalone company, GE Healthcare infuses innovation with patient-focused technologies to enable better care. Their thorough approach focuses on the significant changes in health experiences, with patient care as their top priority.

GE Healthcare makes special products and services. They value different teams and viewpoints. This helps them understand the needs of patients and providers.

GE Healthcare Pricing

GE Healthcare's pricing structure is flexible and tailored to meet the specific needs of each healthcare organization. The pricing model for services considers factors such as organization size, services needed, and implementation complexity. The company does not disclose specific figures to the public.

GE Healthcare's solutions help improve patient outcomes, reduce costs, and increase revenue and profitability for healthcare organizations. By partnering with GE Healthcare, you are investing in new medical technology and a vision for a healthier future. This partnership opens unlimited possibilities in healthcare.