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U.S. Long Term Care Software Market Share

Report ID: GMI10517
Published Date: Jul 2024
Report Format: PDF

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U.S. Long Term Care Software Market Share

The market is characterized by a many different players, including big healthcare IT companies, specialized software vendors, and new tech startups. Major players stand out by offering a range of products like EHR, care management systems, billing solutions, and integrated platforms. These products help with compliance, efficiency, and better patient care. Competition is based on technological innovation, easy-to-use interfaces, and smooth integration with other healthcare systems.

Companies also compete by offering customizable solutions, cloud-based services, and advanced analytics. They form partnerships with healthcare providers, focus on regulatory compliance, and meet the needs of an aging population. As the demand for long-term care solutions grows, the market will see more innovation and competition, with a focus on improving patient outcomes and operational efficiency.

U.S. Long Term Care Software Market Companies

Prominent players operating in the long term care software industry include:

AL Advantage, LLC
Altera Digital Health Inc.
Epic Systems Corporation
Genexod Technologies LLC
MatrixCare
McKesson Medical-Surgical Inc.
Meditab
Netsmart Technologies, Inc.
Oracle Corporation
PointClickCare
ResMed Inc.
Revver, Inc.
Veradigm Inc.
VITALS SOFTWARE
Yardi Systems, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

U.S. long term care software market was valued at USD 3.7 billion in 2023 and is expected to exhibit 10.4% CAGR from 2024 to 2032 attributed to the increasing focus on improving the quality of care.

The clinical software segment in the market generated USD 2.3 billion in 2023 owing to stringent regulatory mandates from entities, such as the Centers for Medicare & Medicaid Services (CMS).

The cloud-based segment in the U.S. long term care software market held 45% share in 2023 due to strong need for offering scalability, allowing facilities to easily expand or reduce their software.

AL Advantage, LLC, Altera Digital Health Inc., Epic Systems Corporation, Genexod Technologies LLC, MatrixCare, McKesson Medical-Surgical Inc., Meditab, Netsmart Technologies, Inc., and Oracle Corporation.