PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1378010
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1378010
Private GP EHR refers to a private electronic health record (EHR) system used by general practitioners (GPs) in a private practice setting. An EHR is a digital version of a patient's medical record that contains information about their health, including medical history, diagnoses, test results, and treatment plans. Private GP EHR systems are designed to be secure and accessible only to authorized healthcare providers and staff in private practice. These systems can help streamline clinical workflows, improve patient care, and facilitate communication between healthcare providers. The adoption of a private GP EHR system offers major benefits over traditional paper-based record-keeping including faster access to patient information, enhanced accurate documentation, and better patient data management. Additionally, private GP EHR systems often have features such as appointment scheduling, prescription management, and billing and invoicing, which can help streamline administrative tasks and improve overall practice efficiency. The growing need for enhanced patient care and the presence of various regulations and standards such as GDPR, CQC, and Information Governance in the UK are expected to promote the growth of the private GP EHR market in the UK since EHR systems ensure the secure storage of patient data and restricted access to patient data by authorized personnel.
According to a study conducted by MyTribe Insurance company, an increasing number of consumers are preferring the private sector for medical care services due to the decline in the number of NHS general practitioners in practice and the scarcity of primary physicians. In addition, a recent Health and Social Care Committee report that examined how frequently terms relating to private GP services were used to start a Google search in the UK revealed that the searches for private GPs in the UK increased significantly by 156% between September 2019 and 2022. The average monthly search rate amounted increased from 21,170 in September 2019 to 54,160 in September 2022. The various benefits associated with private GP services such as flexibility, efficiency, speed, and prolonged consultation time are driving the demand for private GPs in the UK. Therefore, the rise in private GP service demand offers an opportunity for the expansion of the private GP EHR market for effective maintenance and management of rising patient data in the sector.
The evolution of medical technology is stimulating the demand for the integration of medical solutions with EHRs. The development of AI and wearable technology in the medical sector is creating an opportunity for increased consumption of EHRs by integrating EHRs with these technologies. For instance, a leading company in the UK EHR market, TPP is using NLP technology to integrate AI into its EHR product, SystmOne EHR used by many GP practices in the UK. TPP's AI-powered NLP technology, SystmOne Analytics uses ML algorithms to analyze unstructured data in patient records such as clinical notes and discharge summaries, to identify patients exposed to the risk of developing conditions such as diabetes, heart disease, and cancer and provide the relevant information to healthcare providers in a clear and actionable format, which allows them to intervene early and provide preventative care. In addition, the development in wearable technology such as Google Fit, Fitbit, and Apple Health by their integration with mobile applications such as Healthie and their joint incorporation with EHR systems for diagnosis, screening, and monitoring purposes is expected to drive the demand for private GP EHR services and solutions over the forecast period.
The technical restraints and privacy concerns could limit the growth of the market among certain healthcare providers.
The electronic patient records stored on EHRs can be vulnerable to cyber-attacks increasing the risk of patient data security compromise. The implementation of robust security measures to protect patient data and compliance with regulatory requirements lowers security risk however the rising cyber-attack incidents and the rising intensity of such attacks fueled by technological innovation could limit the adoption of EHR systems by private GPs in the UK. In addition, technical issues such as software bugs, server downtime, and connectivity problems could disrupt practice and delay patient care. However, such limitations can be overcome by adopting contingency plans to mitigate the impact of these issues.
By country, England is expected to hold a significant portion of the private GP EHR market in the UK.
The abundance of major healthcare providers and the technological advancement in EHR products offered by medical technology companies in England is expected to drive the private GP EHR market in the country.