NEW YORK, Nov. 22, 2024 /PRNewswire/ — Report with market evolution powered by AI – The optometry software market in north america size is estimated to grow by USD 576.62 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.67% during the forecast period. Increasing prevalence of ophthalmic diseases is driving market growth, with a trend towards growing ophthalmology market. However, rising medical data privacy concerns poses a challenge.Key market players include Barti, Compulink Healthcare Solutions, Doctorsoft Corp., EssilorLuxottica, EverCommerce Inc., Eye Care Leaders, First Insight Corp., Health Innovation Technologies Inc., iTRUST.IO LLC , LiquidEHR Inc., MacPractice, Nextech Systems LLC, Optical POS Software LLC, Optometric Services Inc., Solutionreach Inc., SOTH Inc., Vision Service Plan, Weave Communications Inc., WINK Technologies Inc., and WRS Health.

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Market Driver

The North American optometry software market is experiencing significant growth due to the rising prevalence of chronic ophthalmological conditions such as glaucoma, dry eye, cataracts, and refractive errors. The aging population is also driving demand for electronic health records (EHR) and cloud-based solutions to manage patient data and records in optometry clinics. AI-based software and mobile applications are trending, offering remote patient monitoring and telehealth services for optometrists. Key players like Eyefinity, Crystal PM, Compulink, Practice Mate, MaximEyes, EyeMD, and others are expanding their offerings through expansions, joint ventures, and acquisitions. Ophthalmologists and optometrists require EHR software for prescription history, IOP measurement, and retinal detachment, uveitis, astigmatism, and other conditions. Hospitals, clinics, and specialist centers are adopting cloud-based EMRs for health records data management. 

The North American optometry software market has experienced significant growth over the past decade, fueled by the increasing prevalence of eye diseases and technological advancements in ophthalmology. This sector’s expansion is further heightened focus on research and development among manufacturers, aiming to create innovative treatments. Moreover, rising medical expenses, increasing healthcare spending, and a growing demand for precise therapies are additional factors contributing to the market’s growth during the forecast period. Consequently, the expanding ophthalmology market will necessitate the use of software to manage patient treatment records, medication prescriptions, and information related to glasses, contact lenses, and other eye care solutions. 

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Market Challenges

The North American optometry software market is experiencing significant growth due to increasing chronic ophthalmological conditions like glaucoma, dry eye, cataracts, and refractive errors. An aging population and the need for electronic health records (EHR) are key drivers. Optometrists require cloud-based solutions for managing patient data and records, including IOP measurement and prescription history. Telehealth and telemedicine services are essential for remote patient care, with AI-based software aiding in diagnosis. Companies like Eyefinity, Crystal PM, Compulink, Practice Mate, MaximEyes, EyeMD, and others are expanding through joint ventures, acquisitions, and strategic expansions. Ophthalmologists also use EHR software for managing complex cases, such as retinal detachment and uveitis. Hospitals, clinics, and specialist centers adopt cloud-based EMRs for health records data management. Mobile applications are also popular for patient engagement and convenience.The optometry software market in North America is witnessing significant growth due to the adoption of advanced technologies for managing medical records and data. However, this trend raises concerns regarding data privacy. Strict regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) in the US, mandate that personal medical data be kept confidential and only accessible with proper authorization. Despite these regulations, the increasing use of optometry software solutions in ophthalmology necessitates continued vigilance to protect sensitive patient information. It is essential for optometry practices to prioritize data security and ensure compliance with relevant privacy laws to maintain trust with their patients.

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Segment Overview

This optometry software market in North America report extensively covers market segmentation by

Type1.1 Cloud-based1.2 Web-basedEnd-user2.1 Hospitals2.2 Nursing homes2.3 OthersGeography3.1 North America

1.1 Cloud-based- The optometry software market in North America is experiencing growth, with a particular focus on cloud-based deployment solutions. These solutions offer benefits such as quick deployment, flexibility, scalability, real-time data visibility, and customization capabilities. Cloud-based deployment enables integration with other eyecare software solutions, including online booking and payment processing. Flexible payment options, like monthly subscriptions and pay-as-you-go models, make these solutions cost-effective. Small and medium-scale eyecare organizations are adopting cloud-based software due to its scalability and cost savings. Innovations in data security will further increase adoption by large-scale enterprises. Cloud-based solutions provide optimal cost and efficiency by allowing organizations to store critical data on-premise and infrequently used data on a public cloud server. The market growth is driven by these advantages, with the cloud-based deployment segment expected to grow at a higher Compound Annual Growth Rate (CAGR) than on-premise deployment during the forecast period.

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Research Analysis

The optometry software market in North America is experiencing significant growth due to the increasing prevalence of chronic ophthalmological conditions such as glaucoma, dry eye, cataracts, and refractive errors. With an aging population, there is a greater need for electronic health records (EHR) and cloud-based solutions to manage patient data and records in optometry clinics, hospitals, specialist centers, and ambulatory settings. Telehealth, telemedicine services, and AI-based software are also gaining popularity for remote patient consultations and diagnosis. Eyefinity, Crystal PM, Compulink, Inpatient EHR, Ambulatory EHR, Maxim Eyes, Revolution EHR, Doctor soft, and Liquid EHR are some of the leading optometry software solutions providing cloud-based EMR and health records data management services. These software solutions enable optometrists to streamline their workflows, improve patient care, and enhance overall operational efficiency.

Market Research Overview

The optometry software market in North America is experiencing significant growth due to the increasing prevalence of chronic ophthalmological conditions such as glaucoma, dry eye, cataracts, and refractive errors in the aging population. Electronic health records (EHR) and cloud-based solutions are becoming increasingly popular, enabling optometrists to manage patient data and records more efficiently. Telehealth and telemedicine services are also gaining traction, allowing for remote patient consultations and monitoring. AI-based software is being integrated into optometry practices to enhance diagnosis and treatment, particularly for conditions like retinal detachment, uveitis, and astigmatism. Optometry clinics, hospitals, specialist centers, and ambulatory care facilities are adopting cloud-based EMR systems to streamline operations and improve patient care. Key trends include expansions, joint ventures, and acquisitions by major players in the market, including Eyefinity, Crystal PM, Compulink, Practice Mate, MaximEyes, EyeMD, and others. IOP measurement and prescription history are critical features of optometry software, ensuring accurate and up-to-date patient information. Overall, the North American optometry software market is poised for continued growth as technology advances and healthcare providers seek to improve patient care and outcomes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeCloud-basedWeb-basedEnd-userHospitalsNursing HomesOthersGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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PHILADELPHIA, Nov. 22, 2024 /PRNewswire/ — Independence Blue Cross (IBX) is implementing the Epic Payer Platform with health systems and providers in its network to streamline data exchange, close gaps in care, and improve health outcomes for members. Epic Payer Platform is part of Epic, a global healthcare technology company. The platform helps facilitate data exchange and workflow processes for providers and health plans, giving them the insights they need to make care decisions while also saving them time.

“We’re excited about the implementation of Epic Payer Platform with Drexel Medicine, Jefferson Health, Main Line Health, and Penn Medicine being the first to join us in this transformation. We look forward to more of our health care partners signing on as well,” said Michael Vennera, executive vice president and chief strategy, technology, and operations officer at Independence Blue Cross. “We expect the platform to transform how we coordinate care for our members with automatic sharing of information with our members’ doctors. There are also anticipated cost savings to both IBX and the health systems and providers on the platform due to decreasing administrative burden, avoiding unnecessary admissions and emergency department visits, and improving preventive care.”

Some key improvements that IBX expects to see in the not-so-distant future from this implementation include:

Fewer care gaps. The real-time exchange of clinical data helps IBX and its network close care gaps, enhancing member health understanding and improving care quality.More insight into members’ health. IBX and its network can access synchronized clinical information in real-time, enhancing healthcare team collaboration and improving patient care strategies and outcomes.Reduced administrative burden. The Epic Payer Platform will make it easier and quicker for IBX and the health systems and providers in its network to communicate and share information, lessening the need for manual exchange of information.Enhanced medication cost transparency. Health Systems and providers will have real-time access to benefits information for IBX members. This will help them have meaningful discussions with patients about how much prescribed medications will cost members and, in some cases, suggest lower-cost alternatives if they are available.Comprehensive patient care journey data. Providing participating health systems and providers with complete and accurate population health analytics to inform health care providers.

“The integration of the Epic Payer Platform with Independence Blue Cross will significantly enhance our ability to provide comprehensive and efficient care to our patients, ensuring better health outcomes and streamlined operations,” said John S. Potts, DO, FAAFP, assistant chief medical information officer at Main Line Health.

In the long-term future, IBX expects its use of Epic Payer Platform to lead to automating prior authorization requests and updates, improving efficiency and reducing delays. Other activities that IBX anticipates happening in the future include:

Allowing health systems and providers to verify in-network status and access cost/quality ratings, increasing patient satisfaction and optimizing value-based care.Eliminating the need for manual scanning of physical insurance cards by providing digital ID card access.

“We are excited to modernize our partnership with Independence Blue Cross via their Epic Payer Platform integration. These efforts aim to improve patient health outcomes, reduce provider burden, and grow digitally shared patient data,” Nathalie S. May, MD, FACP, professor of medicine and chief quality officer at Drexel University College of Medicine.

IBX is working with health systems and providers in the region who are already utilizing Epic’s EHR system to implement the platform in a phased approach. This implementation of Epic Payer Platform complements IBX’s existing work with HealthShare Exchange, a platform that allows health insurers and different types of providers (e.g., community providers, health systems, community-based organizations, etc.), who may or may not use Epic, to share clinical records to make patient care more informed.

Member privacy and confidentiality is a top priority for IBX. IBX is working with Epic to safeguard clinical information utilizing physical, administrative, and technical safeguards as required by HIPAA. 

About Independence Blue Cross:

Independence Blue Cross is the leading health insurance organization in southeastern Pennsylvania. For more than 85 years, we have been enhancing the health and well-being of the people and communities we serve. We deliver innovative and competitively priced health care products and services; pioneer new ways to reward doctors, hospitals, and other health care professionals for coordinated, quality care; and support programs and events that promote wellness. To learn more, visit ibx.com. Connect with us on Facebook, LinkedIn, and Instagram. Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association.

CONTACT: Diana Quattrone
215-815-7828 (cell)
Diana.Quattrone@ibx.com

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RealDefense’s 267% Revenue Growth Driven by Consistent Product Innovation and Strategic Partner Ecosystem Expansion

PASADENA, Calif., Nov. 22, 2024 /PRNewswire-PRWeb/ — RealDefense today announced its inclusion in the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. RealDefense grew 267% during this period.

Gary Guseinov, CEO of RealDefense, and Sean Whiteley, President, attribute this growth to acquisition synergies, organic growth, and the scalability of our partner platform. “Together, these factors have enabled us to scale efficiently, meet rising market demand, and deliver strong financial performance. This recognition reflects RealDefense’s continued focus on driving innovation and growth across our expanding ecosystem, setting the stage for even greater success in the future,” said Guseinov.

“Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.”

About the 2024 Deloitte Technology Fast 500

Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About RealDefense

Headquartered in Pasadena, CA, RealDefense LLC is an award-winning software development company known for its flagship product brands, including iolo System Mechanic® and SUPERAntiSpyware®. With a commitment to innovation, RealDefense has consistently earned top ratings from PC Magazine™ and protects over 3 million customers. The RealDefense portfolio features renowned privacy and security software brands such as STOPzilla, MyCleanID, MyCleanPC, USTechSupport, ioloVPN, GetMyDrivers, WarrantyStar, and Support.com.

RealDefense partners with leading consumer brands in the cyber security and PC manufacturing sectors to deliver telemetry-enabled monetization solutions. For more information, please visit www.realdefen.se.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

Media Contact

PR, RealDefense, 1 (626) 605-0277, pr@realdefen.se, www.realdefen.se

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