InterSystems is positioned in the Leaders category in the IDC MarketScape for Europe Electronic Healthcare Record 2023-2024
According to the IDC MarketScape report: "Consider InterSystems if you're a healthcare provider seeking a unified, flexible, and cost-effective EHR solution offering a broad range of capabilities that can be configured to specific needs. For organizations aiming to establish a solid foundation for harnessing AI-powered solutions, InterSystems is a compelling choice. The architecture underpinning its solutions offers a robust framework that effectively ensures data usability and, most importantly, enables integration of insights back into the workflow."
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
IDC's Advice for Technology Buyers
The European EHR market offers a range of challenges and opportunities for technology buyers aiming to advance their healthcare organizations. Regional health systems, hospitals, and other healthcare provider facilities in Europe are trying to rapidly transition toward digital-first worlds to future proof their organizations.
This IDC MarketScape supports healthcare providers in evaluating EHR solutions and go-to-market strategies of IT vendors that serve healthcare organizations in Europe. It analyzes vendors addressing healthcare-specific needs and requirements and outlines the criteria by which they were evaluated. Each organization should assess its individual requirements, taking into account factors such as technological readiness, capabilities, care service delivery settings, and conditions. This IDC MarketScape can serve as a valuable guide to help organizations make informed decisions in choosing the most suitable solution provider.
IDC recommends that healthcare organizations to consider the following:
To effectively implement EHR systems and maximize their strategic value, it is crucial to establish robust and comprehensive underlying IT infrastructure and architecture strategies. Providers should focus on creating modern hybrid environments that can efficiently scale data platforms and intelligence capabilities. Agile architectures are essential for seamless integration of diverse data sources, given the complex nature of healthcare data integration. Recognizing that data plays a pivotal role in enhancing quality care and operational efficiency, healthcare organizations should consider partnering with vendors able to support and enable this platform strategy.
The rapid acceleration of digital healthcare solutions has prompted EHR vendors to enhance their core applications by incorporating additional complementary capabilities. For example, this includes providing access to digital apps from within the EHR workflow and creating more integration points with other key enterprise solutions as HRM, ERP, supply chain, and logistic systems, fostering a cohesive IT system. The result is a unified platform that streamlines administrative and clinical workflows, supported by a modern system architecture. This, in turn, enable the provision of accurate and comprehensive patient records, secure data exchange, as well as greater coordination of clinical and operational processes.
Gathering direct input from clinicians and healthcare professionals regarding the EHR features they value most is essential. This input will support the prioritization of what should be addressed first in an EHR system investment. Start with surveys and focus groups, then proceed to quick pilots to validate findings and determine which functionalities should be scaled up to production. It is also crucial to provide training and ongoing support for clinicians to learn to use valuable EHR functionalities that are tailored to their specific workflows and processes. This approach is strategic not only to enhance EHR utilization levels and workflows efficiency, but also to contribute to a more positive workforce experience.
When selecting an EHR system, it is crucial to prioritize cybersecurity and regulatory compliance. EHR systems need to be compliant with European data privacy, data residency, and security regulation and frameworks. Vendors should be evaluated based on their ability to provide robust security measures and their capability to fit within the broader cybersecurity strategy of the organization. In addition, they should be able to demonstrate compliance with regulatory frameworks through certifications and audits.
In the dynamic evolution of the European healthcare ecosystem, ensuring success in EHR projects requires partnering with vendors open to strategic alliances and have the capability to seamlessly integrate their solutions into the intricate fabric of the national healthcare system.
Staying abreast of the latest market trends is crucial when selecting an EHR vendor. Referencing industry surveys and reports is one way to achieve this. Additionally, it is vital to evaluate vendors based on their commitment to research and development, customer-centric innovation, and strategic incorporation of next-generation EHR features. This approach ensures technology buyers select vendors committed to staying at the forefront of innovation and providing cutting-edge technology solutions.
InterSystems Supply Chain Orchestrator™ is a data platform that enables supply chain organizations to see, understand, optimize, and act to attain an agile and resilient supply chain model.
In Asset Management, Your Data Is Your Competitive Edge InterSystems Data Studio™ with asset management module enables firms to create a single, trusted, and real-time source of truth from all of their disparate enterprise data sources. This solution makes it faster and easier to prepare data for launching new products, accelerating AI initiatives, managing risk, monitoring performance, and delivering differentiated client experiences.
InterSystems Data Studio is an essential element of a modern data strategy required to enable growth, optimize business reporting, reduce risk, and support compliance for any firm in the financial services industry.
Data Integration Key to Achieving Needed Breakthroughs in Healthcare When peers from other industries ask why data hasn’t driven comparable breakthroughs in healthcare, the answer is usually hiding in plain sight: clinical and administrative data still live in different systems and “speak” different digital languages. Integrating them is a prerequisite for the next wave of progress—better care, better patient experience, and better operational performance at the same time. Fortunately, there are now multiple mandates spurring this integration, from Centers for Medicare & Medicaid Services requiring Fast Healthcare Interoperability Resources APIs, to National Committee for Quality Assurance embracing digital quality measures, to enforcement of prohibitions against information blocking. Health plans and providers, however, must guard against swapping these two longstanding data siloes for several new ones.
Data Studio makes it easy to access accurate, consistent, and reliable data faster, and enables better-informed decision making across your entire supply chain.
A mid-sized independent asset management firm overseeing more than $110 billion in equity and fixed income portfolios implemented InterSystems Data Studio™ to unify disparate data across dozens of data sources and systems such as spreadsheets, external data and service providers, legacy systems, data lakes, data warehouses, and data marts.
Agentic AI in Healthcare A multi-agent AI system recently diagnosed rare medical cases correctly over 80% of the time. That's four times better than seasoned human clinicians. It didn't get there by being smarter than any single AI. It got there by having multiple agents argue with each other until the errors got caught.
FHIR is the REST API standard transforming healthcare data exchange. Learn how the VA and FDA use FHIR APIs for automated adverse event reporting, and what it means for your health system.
