A computerized physician order entry (CPOE) system, also called Computerized Provider Order Entry, is a healthcare information system that electronically captures and stores physician’s instructions and helps improve efficiency of patient-care management. The CPOE system ensures proper collection and transfer of patient’s health data between laboratories, clinics, pharmacy, laboratory, radiology. and other healthcare agencies. Physicians and pharmacists can view patient status, enter orders, document their details, and share information in an easy-to-use patient record. Click To Read More On Computerized Physician Order Entry (CPOE) Systems Market
Computerized physician order entry system has a number of advantages such as reduction in length of stay, non-repetition of tests, reduced turnaround time for laboratory tests, and enhanced cost savings. Moreover, CPOE is also highly beneficial as it integrates clinical decision support system (CDSS) and electronic health record (EHR) system, ensuring the utmost cost-effectiveness.
Some of the major companies operating in the computerized physician order entry systems market are Cerner Corporation, McKesson Corporation, Athenahealth, Inc., GE Healthcare, Epic Systems Corporation, and Allscripts Healthcare Solutions, Inc.
High Implementation Costs Restraining Computerized Physician Order Entry Systems Market Growth in Emerging Economies
The computerized physician order entry systems market can be analyzed in five major regions: North America, Europe, Asia Pacific, Latin America, and Rest of the World. Prime factors driving growth in North America and Europe include growing demand for paperless environment to minimize human error, decreasing delay in order completion, and the need for reducing treatment costs. Furthermore, increasing government pressure to automate healthcare facilities is also fueling growth of the computerized physician order entry systems market.
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Digital Transformation of Medicine is Exemplified by CPOE System
Use of CPOE system significantly aids in reducing prescription and dispensing errors, reducing costs, improving patient care, and enhancing workflow automation. A study published in Applied Clinical Informatics in 2014 stated that increase in use of CPOE led to 63% drop in length of hospital stay. According to a study by the Agency for Healthcare research and Quality, by the end of 2015, around 84% of the federal acute care hospitals had implemented CPOE systems.
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