With the federal government poised to spend $20 billion or more on healthcare IT as part of the economic-stimulus bill now before Congress, it's a good time to get to know these companies. And thanks to Modern Healthcare, here's a table of the ten largest makers of electronic medical records (although the magazine, for whatever reason, insists on calling them EHRs, or electronic health records).
The most striking thing to me is the degree of concentration within the sector. Meditech, a privately held Boston-area company, holds more than a quarter of the market; McKesson and Cerner, numbers 2 and 3 on the list, control another 27 percent. All told, the top six companies -- excluding in-house systems -- are responsible for three-quarters of the EHR installations in hospitals around the country.
Top vendors of acute-care EHR systems
|McKesson Provider Tech||Alpharetta, GA||630||14.1%|
|Cerner||Kansas City, MO||560||12.6%|
|Siemens Medical||Malvern, PA||425||9.5%|
|Epic Systems||Madison, WI||265||6.0%|
|Eclipsys||Boca Raton, FL||243||5.5%|
|Healthcare Mgmt Systems||Nashville, TN||237||5.3%|
This data reflects EHR installations at 4,454 U.S. acute-care hospitals as of Jan. 2009.