E-prescribing, also known as electronic prescribing, is the computer-based, electronic generation and transmission of a medication prescription, taking the place of paper and faxed prescriptions. The terms e-prescribing and e-Rx refer to the electronic prescribing of medications. When prescriptions are electronically transmitted using computer technology, it is possible to automatically check for drug-drug and drug-allergy interactions. In addition, e-prescribing can help to reduce medication errors, such as wrong dosage, wrong medication, and wrong patient.
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E-prescribing systems are web-based applications that link a prescriber, typically a physician, to a pharmacy. The systems allow the prescriber to electronically send a prescription to a pharmacy. The pharmacy receives the prescription electronically and can dispense the medication to the patient. In some cases, the patient can also request a refill of their prescription electronically.
Key Trends
There are several key trends in e-prescribing technology. One is the use of electronic health records (EHRs). EHRs can help physicians keep track of patients’ medications and allergies, as well as laboratory results.
Another trend is the use of clinical decision support tools. These tools can help physicians make better prescribing decisions by providing them with information about drug interactions and allergies.
Finally, many e-prescribing systems now allow patients to request refills online. This can improve patient convenience and satisfaction.
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Key Drivers
There are several key drivers of the e-prescribing market. One is the increasing use of electronic health records (EHRs). EHRs make it easier for providers to manage patient medications and track clinical data.
Another key driver is the increasing number of regulations requiring the use of e-prescribing. For example, the Centers for Medicare and Medicaid Services (CMS) has mandated the use of e-prescribing for certain Medicare medications.
Finally, there is a growing focus on patient safety. Medication errors are a major problem in the healthcare system, and e-prescribing can help to reduce these errors.
Restraints & Challenges
The key restraints and challenges in the E-prescribing market are:
- Lack of interoperability: One of the key challenges facing the E-prescribing market is the lack of interoperability between different systems.
- Security and privacy concerns: Another key challenge facing the E-prescribing market is the security and privacy of patient information. E-prescribing systems store a large amount of sensitive patient information.
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Market Segments
The E-prescribing market is segmented by product, delivery mode, end-user, and region. By product, the market is classified into solutions and services. Based on the delivery mode, it is bifurcated into cloud-based, and on-premises. On the basis of the end-user, it is divided into hospitals, office-based physicians, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The E-prescribing market includes players such as Epic Systems Corporation, Cerner Corporation, Allscripts, NextGen Healthcare, RelayHealth LLC, Henry Schein Inc., GE Healthcare, Computer Programs and Systems Inc., DrFirst Inc., and Surescripts-RxHub LLC.
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