Home > Healthcare > Healthcare IT > Payer/Provider Solutions > U.S. Long Term Care Software Market

U.S. Long Term Care Software Market Trends

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

Download Free Sample

U.S. Long Term Care Software Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as growing adoption of cloud-based solutions, increased use of telehealth and remote monitoring, rising focus on data analytics and reporting, and surging need for integrated artificial intelligence (AI) in healthcare and machine learning, among other factors are propelling the industry growth.

Further, there is growing trend of integrating software with EHR systems to ensure smooth data exchange and continuous care. This integration creates more complete patient records, improving care coordination between long-term care facilities and other healthcare providers.
Additionally, there is an increasing focus on using data analytics and reporting features in LTC software. These advanced analytics provide insights into patient outcomes, operational efficiency, and regulatory compliance. Facilities can use this data to make informed decisions, optimize care plans, and improve overall performance, thereby driving the demand for long term care software.

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.