Healthcare Workforce Management System Market Report Expects the Market Value of USD 86017.16 MN BY 2026
Posted On November 06, 2020
The Global Healthcare Workforce Management System Market is anticipated to grow at a compound annual growth rate ( CAGR ) of 12.5% during 2020-2026 while it was close to USD 37715.29 MN in 2019. The market will outgrow to USD 86017.16 MN by 2026 as per the research conducted by Value Market Research. Healthcare workforce management is a software solution based on automation used to eliminate workforce management complexities in hospitals and clinics. The modern-day healthcare workforce staffing environment challenged by shortages and funding gaps will be the critical trending factor for the growth of cost-effective workforce management solutions. Increased penetration of digital management solutions across various industrial sectors that rely on automation to optimize people, processes, and technology will benefit market growth. The enormous demand for reliable personnel and staff to conduct daily activities due to the geriatric population’s rise and the high prevalence of chronic disease will be a market booster. Deploying a workforce suite and software to comply with the changing dynamics in a healthcare facility can reduce costs and improve efficiency. This market’s significant challenges are data privacy issues and a complete shutdown of the staffing system in case of an equipment malfunction.
The healthcare workforce management system is a comprehensive solution to reduce staffing complexity, control labor costs, boost staff morale, and improve patient care in a healthcare facility. This software solution can handle various services like traditional staffing, recruitment, vendor management systems, in-house resource pool management, recruitment process outsourcing, telehealth staffing, and consulting services to improve staffing office efficiency and patient flow. This system can enable valuable data collection and analysis to make better-informed decisions in real-time. Various flexible and scalable options designed to increase a healthcare facility's efficiency and cost savings are available.
"Global Healthcare Workforce Management System Market Report By Product (Software, Hardware, Service), By Application (Payroll, Staffing And Scheduling, Time And Attendance, Patient Classification, Analytics) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The geo-economic factors and historic healthcare workforce management system industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of product the market is segmented into Software, Hardware, Service. By application the healthcare workforce management system market is categorised as Payroll, Staffing and Scheduling, Time and Attendance, Patient Classification, Analytics. The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Healthcare Workforce Management System Market -
Staffing and Scheduling
Time and Attendance
Middle East & Africa
Players Profiled In the Report:
Kronos, Infor, Oracle, GE Healthcare (Api Healthcare), McKesson, Allocate Software, SAP, Cornerstone Ondemand, Workday, Timeware.
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