Hospital Management

Simplifying healthcare administration with intuitive tech tools

Overview

The Hospital Management industry deals with software platforms that help to streamline and improve the various activities within the hospital ecosystem. These have become essential tools for modern hospitals and health systems, enabling them to manage complex operations and streamline administrative tasks so they can provide high-quality patient care. These providers use AI and machine learning (ML) to manage and automate administrative tasks, offering a range of tech solutions designed to meet the needs of different departments and functions, including electronic health record (EHR) systems, revenue cycle management systems, and Clinical Decision Support Systems. 

In addition, hospitals use software platforms for other functions like patient scheduling and appointment reminders, along with communication and collaboration platforms between providers and staff. By leveraging these platforms, hospitals can enhance their operations and improve efficiency and patient outcomes, ensuring their long-term sustainability.

Note: Additional sections (e.g. market sizing, detailed overview, incumbents, etc.) can be provided on request.

Market Mapping


Incumbents
Growth
Early
Seed
Pre-Seed
Clinical operations and workflow management
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Patient engagement tools
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Healthcare analytics and business intelligence software
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Revenue cycle management
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Clinical documentation improvement solutions
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Neuromonitoring
Neuromonitoring
Neuromonitoring
Neuromonitoring
Neuromonitoring

The Disruptors


Funding History

Notable Investors


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Funding data are powered by Crunchbase
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Industry scope 

This industry focuses on companies that develop tech-based services and software solutions that enable healthcare organizations (hospitals and health systems) to:
  1. Improve the efficiency of clinical operations and support workflow management
  2. Engage with patients by offering a patient portal, self-scheduling system, and other tools to continue patient relationship
  3. Streamline and automate clinical documentation processes
  4. Analyze patient data and other performance metrics to improve decision-making and optimize resource allocation
  5. Manage the billing and payment process from patient registration and insurance verification to claims processing and collections
Electronic health records (EHR) providers are considered incumbents in the industry, as they have a large customer base of hospitals and healthcare providers that use their software to manage patient data and improve patient care. 
However, we exclude the following areas when selecting companies for this industry:
  1. Telehealth and Preventive Healthcare services provided outside a traditional hospital setting. While these solutions may be used to support hospital operations, they are not part of the core software used by hospitals to manage patient care and operations within the hospital itself
  2. Clinical Decision Support Systems (CDSS) including medical imaging and diagnostic systems designed to help healthcare providers diagnose and treat patients. Given that there is a range of solutions, we have covered CDSS as a separate hub.  
  3. Medical devices used by hospitals, as this hub focuses specifically on software solutions that are designed to support hospital operations or patient care through the use of technology. Next-gen Medical Devices are covered separately
  4. Hospital Interoperability providers and software that enable different healthcare organizations to exchange patient data and collaborate effectively. Given that there are many solutions and the focus is on exchanging patient data across organizations, we have covered hospital interoperability as a separate hub 
  5. Platforms and marketplaces that support hiring medical staff and healthcare providers, as it is not part of the core software used by hospitals to manage patient care and clinical operations. In addition, these platforms may be used by a specific subset of healthcare providers, such as those who work in home health or hospice care rather than by all hospitals or healthcare organizations
  6. Supply chain management platforms that are focused on logistics and procurement rather than operations within the hospital itself
Currently, we do not actively cover this industry, but we have identified it as a potential industry to add to our coverage. For the list of industries in our coverage, please visit https://sp-edge.com/industries.
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