MarketsandMarkets Presents Healthcare Workforce Management Systems Market is expected to reach at $1,453.8 million by 2019, at a CAGR of 13.8% market html

The report “Healthcare Workforce Management Systems Market by Solution (Talent Management, Time & Attendance, Scheduling, Optimization Services), by Mode of Delivery (Cloud-based, Web-based), by End-User (Hospital, Long Term Care) - Global Forecast to 2019” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World.Healthcare Workforce Management Systems Market Browse 145 market tables and 46 figures spread through 300 page sand in-depth TOC on "Healthcare Workforce Management Systems Market by Solution (Talent Management, Time & Attendance, Scheduling, Optimization Services), by Mode of Delivery (Cloud-based, Web-based), by End-User (Hospital, Long Term Care) - Global Forecast to html market html

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Over the last decade, there has been a drastic change in the healthcare industry which has had a positive impact on the overall growth of the healthcare workforce management systems market. The market has witnessed introduction of new innovative solutions to efficiently manage the healthcare workforce without any compliance risks. Healthcare workforce management systems encompass all the solutions needed to manage and maintain the productive workforce in the healthcare sector. The global market is divided on the basis of different type of software, services, mode of delivery, end users, and geography. The software market is segmented into standalone software and integrated software. Standalone software includes time and attendance, scheduling, HR and payroll, talent management, analytics, and others market html

Over the past few years, there has been a growing uptake of workforce management solutions among the healthcare providers across the world. By 2019, the market is expected to grow at a healthy CAGR of around 13% during the forecast period from 2014 to The increasing need to reduce labor costs in hospitals and other health systems, increase in the operational efficiency, and consolidation in healthcare are some of the major factors driving the growth of this market. Moreover, growing demand for healthcare professional workforce and various benefits of workforce management systems such as transparency and flexible scheduling for the workforce in healthcare are expected to increase the adoption of WFM solutions in the healthcare sector. In addition to structural market drivers, there are strong geographical drivers as well for the growth of the healthcare workforce management market. The U.S. market is the major revenue pocket for the healthcare workforce management systems market. This is attributed to the stringent and regulatory requirements for the healthcare workforce. However, factors such as high implementation and maintenance costs of WFM solutions and data security concerns are restraining this market up to some extent. market html

The global healthcare workforce management systems market is highly consolidated, wherein the top five players account for over 70% to 75% of the market share. However, there are many new players entering the market, which is increasing the competition and threatening the market share of the existing players. In order to maintain their market shares, leading players in the market are continuously developing new technologies and upgrading their existing technologies to enhance their product portfolios. The increasing competition is expected to drive innovation in the market, thereby helping the industry to overcome the existing challenges in the field of healthcare workforce management and at the same time address the compliance issues and unmet needs of the market. market html

market html Healthcare Workforce Management Systems Market, by Type Fo Software (2014 – 2019)

Scope of the Report Healthcare organizations employ diverse individuals and are generally open 24 hours a day. Managing workforce in healthcare is a complex task which includes proper scheduling of workforce and track their time and attendance, to maintain workflow and deliver quality care to the patients. Healthcare organizations with workforce management solutions have resulted in improving their operational efficiencies and deliver performance levels that are incomparable in the industry. With multiple benefits in the form of enabling greater cost control, improving workforce productivity and efficiency, and bridging the gap between planning and execution of the workforce, while being better equipped to handle compliance risks, the global healthcare workforce management systems market is posed to grow at a double digit CAGR during the forecast period of 2014 to market html

North America accounts for the largest share to the global healthcare workforce management systems market, followed by Europe, Asia-Pacific, and RoW. The APAC region is expected to grow at the highest CAGR during the forecast period, largely driven by the rapid growth in the healthcare industry. The major players in the healthcare workforce management systems market include IBM Corporation (U.S.), Infor, Inc. (U.S.), Oracle Corporation (U.S.), Kronos, Inc. (U.S.), SAP AG (Germany), McKesson Corporation (U.S.), and Automatic Data Processing, Inc. (U.S.). market html

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