E-Prescribing Market Worldwide Industry Analysis and New Market Opportunities Explored

By electronically sending prescription information, medical professionals can simplify their workflows, increase the overall effectiveness of prescribing medicines, and boost patient safety.

E-prescribing, or electronic prescribing, uses electronic systems to create and send medicine prescriptions to pharmacies or patients. Rather than depending on printed or handwritten prescriptions, healthcare providers can now send secure e-prescriptions directly to the pharmacy preferred by the patients. Such prescriptions are communicated via a standardized network precisely intended for prescription transmissions.

Types of e-Prescribing
Here are some types of e-prescribing:

• Web/Cloud-based e-prescribing systems: This type of e-prescribing can be accessed through the internet, enabling medical professionals to easily access patient data and prescribe pills from anywhere.

Moreover, web/cloud-based is the most used type of e-prescribing because of the inexpensive cost of solutions provided over the cloud or web. This system is prevalent among small hospitals, independent doctors, community infirmaries, and surgeon offices, which are not capable of spending on other expensive systems

• Integrated e-prescribing systems: These are types of e-prescribing that are incorporated with electronic health records to offer an inclusive assessment of a patient's health data and medicine history.

 

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• Mobile e-Prescribing systems: Mobile e-prescribing systems can be accessed through a mobile device, enabling medical professionals to prescribe medicines while on the go.

Advantages of E-Prescribing
Let’s look at some of the key advantages of e-prescribing:

Expense Savings
E-prescribing also suggests preferred drugs or generic alternatives as per the patient's requirements, possibly decreasing their spending. Moreover, e-prescriptions also decrease the requirement for storage, paper, and printing, which are expensive for a business. Removing the requirement for paperwork will also eventually decrease the spending of healthcare providers on this.

Streamlined Workflow
E-prescribing simplifies record-keeping and enhances the completeness of patient medicine histories as these prescriptions are automatically documented in EHR. With the capability to electronically check insurance advantages, some systems can get medicine approval automatically, guaranteeing coverage as well as decreasing wait durations.

In Conclusion
With the increasing understanding regarding patient well-being, and rising adoption of e-prescribing for controlled substances, coupled with helpful government rules permitting it, the requirement for e-prescription will continue to surge. As a result, their demand will reach a value of USD 14,371.9 million by the end of this decade.

 


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