Epic Systems Corporation Swot Analysis

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Vendor Epic Systems Corporation Allscripts NextGen. Healthcare Strength • Vast range of services and products • Low labor costs • Strong consumer base • Asset dominance • Consumer Loyalty • Highly Innovative strategy • Distinct Products • Experienced business • low labor costs Weakness • Competitive market • Customer Service • Lack of Scale • Online Presence • Competitive market • Cost structure • Weak Supply Chain • Work deficiencies Opportunities • Unveiling newer business projects • Rising HIT expenditure in its market zone • New Products • Financial strength • Acquisition Synergies • Emerging Markets • Financial strength • Technological Innovation • New Markets • venture capital • new acquisitions Threats • Volatile Currencies …show more content…

Epic Systems Corporation will benefit the facility in that it provides a wide range of product services to choose from. Epic System Corporation offers an incorporation of human services programs that focus on a Caché database coupled with InterSystems. Epic's programs reinforce capacities identified with patient consideration, including registration and enrollment which form the clinical bases for health care professionals, clinical consultants and suppliers. It also helps in structuring the frameworks for lab technologists, drug specialists, and radiologists; and billing frameworks for backup plans (Epic, 2016). Epic is the leading systems and software provider for major healthcare organizations in the US. As the market leader in the US, Epic provides EHR systems for; • RUSH University Medical Center • Providence Health and Services • Johns Hopkins Hospital. The advantage to this vast connectivity includes system interoperability. Because Epic serves a significant number of health care organizations, interoperability issues will reduce, while familiarity with system will improve. However, Epic has recently stopped charging fees for …show more content…

Recently, Allscripts declared its most recent initiatives to enhance community health, Allscripts eRecruit Services (ALLeR). This project will offer innovative services to aid doctors in making effective decisions towards managing and referring patients to clinical evaluation, trials, and research. Doing so will result in decreased periods of clinical studies and expenses. Another important benefit of eRecruit is its ability to encourage patient enrollment and to ascertain whether a trial is attainable in the Allscripts populace. Through this project, Allscript will be contributing immensely to facilitate clinical trials and life science associations. It will also result in a greater clinical outcome for healthcare providers who aim towards treatment advancement, clinical trials and creative care for patients. Epic Systems Corporation will benefit the facility in that it provides a wide range of product services to choose from. Epic System Corporation offers an incorporation of human services programs that focus on a Caché database coupled with InterSystems. Epic's programs reinforce capacities identified with patient consideration, including registration and

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