Pharmacy information systems provide guidance in patient care by keeping track of drug allergies, medications, drug interactions, and other medication-related complications. Such systems aid pharmacists to view contraindications and risk factors while prescribing a medicine or treatment. The systems also enable efficient inventory control, as they help keep a record of internal inventory stock; generate an alert when the drug is running out of stock; and order the drug using the electronic ordering systems from an approved source, in the right quantities. Thus, PIS facilitates reduced error rates, thereby enabling faster and more accurate healthcare delivery. The Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 represented the largest initiative in the U.S. to encourage widespread use of electronic health records.
It has been observed that North America spends 30% more than the average OECD nations on healthcare. The increase in costs of healthcare is one of the prime reasons driving the healthcare informatics market. The U.S. government defines Accountable Care Organization (ACO) as a group of healthcare providers who give coordinated care, chronic disease management, and thereby improve the quality of care provided to patients.
In-depth profiling of the key players have been conducted, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and the strategies adopted by them to sustain and strengthen their positions in the North America pharmacy information system market. Cerner Corporation (U.S.), athenahealth, Inc. (U.S.), eClinical Works (U.S.), Epic Systems (U.S.), Allscripts (U.S.), McKesson Corporation (U.S.), and ScriptPro LLC (U.S.), among others, are some of the key players engaged in this market.