Key Players in the North American pharmacy audit and analysis market are Cerner Corporation, Oracle Corporation, Aspect Software, Avaya Inc., Infor
(PRWEB) December 17, 2014
The North American pharmacy audit and analysis market was valued at $1109 million in 2013 and is projected to grow at a CAGR of 5.3% from 2014 to 2019.
Pharmacy audit and analysis system is a software tool that controls costs and ensures the accuracy of drug claim reimbursements. Due to the rise in the prescription drug costs, payers will be interested in the solution. It is used to identify potential fraudulent activities and administrative errors, thereby helping to improve the healthcare delivery, and physician and pharmacy compliance. Drug rebate negotiations, transparency, and improvement in the formula and benefit designs are among the other benefits of the software.
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The North American pharmacy audit and analysis market is projected to grow significantly during the forecast period owing to various reasons. The driving factors of this market are rising demand for clinical information systems, findings from the government, and increasing demand for curbing healthcare expenses. For the end-user demand in the market, the companies mainly focus on providing customized solutions. The market is segmented into integrated pharmacy audit and analysis systems, and standalone pharmacy audit and analysis systems. U.S. covers the largest share in the North American market growing at a CAGR of 5.4%.
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This market is segmented and forecast on the basis of end-user, product, and geography. On the basis of end-users, the market has been segmented into office-based physicians, hospitals, emergency healthcare service providers, and nurses, among others. The market is further segmented and forecast on the basis of the major countries in the North American market, namely U.S., Canada and Mexico. The market report also provides insights into the competitive scenario of the North America market, along with market drivers, restraints, and profiles of the key players of the North America pharmacy audit and analysis market.
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