This report presents a strategic analysis of the Philippines Electronic Health Records Market and a forecast for its development in the medium and long term. It provides a comprehensive overview of the market value, dynamics, segmentation, main players, growth and demand drivers, challenges & fu...
This report presents a strategic analysis of the Philippines Electronic Health Records Market and a forecast for its development in the medium and long term. It provides a comprehensive overview of the market value, dynamics, segmentation, main players, growth and demand drivers, challenges & future outlook, etc. This is one of the most comprehensive reports about the Philippines Electronic Health Record Market, and offers unmatched value, accuracy, and expert insights.
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Language: en
Added: Jul 25, 2024
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Philippines Electronic Health Records
Market Analysis
A sample report on
This report presents a strategic analysis of the Philippines Electronic
Health Records Market and a forecast for its development in the
medium and long term. It provides a comprehensive overview of the
market value, dynamics, segmentation, main players, growth and
demand drivers, challenges & future outlook, etc. This is one of the
most comprehensive reports about the Philippines Electronic Health
Record Market, and offers unmatched value, accuracy, and expert
insights.
3 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Report Attribute Details
Number of Pages 70-80
Base Year for Estimation 2023
Forecast Period 2024-2030
Report Coverage
Market Overview, Revenue Forecast, Market Segmentation, Growth Factors and Trends,
Competitive Landscape, Key Company Profiles, Government Policies, Regulatory Landscape,
Reimbursement Scenario
Quantitative Units Revenue in USD Million/Billion (Mn/Bn)
Research Approach Secondary Research (60%), Primary Research (40%)
Click on the icon to know the detailed methodology
Report Scope
4 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
CONTENT PG. NO.
1. Philippines Electronic Health Records Market Overview 07-17
1.1. Electronic Health Records Overview
1.2. Electronic Health Records Scenario in the World
1.3. Philippines Overview
1.4. Economic Overview: Philippines
1.5. Statistics at a Glance
1.6. Healthcare Scenario in Philippines
1.7. Budget of Philippines Government for Public Insurance
1.8. Top Developments in Philippines
2. Electronic Health Records Overview 18-19
2.1. Electronic Health Records: Challenges
3. Market Size and Forecasting 20-25
3.1. Market Size and Forecasts (Excel and Methodology)
Table of Content
5 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
CONTENT PG. NO.
3.2. Market Segmentation
3.2.1. Product
3.2.2. Application
3.2.3. End User
4. Market Dynamics 26-31
4.1. Market Growth Drivers
4.2. Market Restraints
5. Competitive Landscape 32-41
5.1. Major Market Share
5.2. Key Players in Philippines Electronic Health Records Therapeutics Market
5.2.1. Siemens Healthineers
5.2.2. GE Healthcare
5.2.3. Stryker
Table of Content
6 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
CONTENT PG. NO.
5.2.4. Cerner Corporation
5.2.5. NextGen Healthcare
5.2.6. iClinic
5.2.7. Medilink
5.2.8. Health Data Management Inc
5.2.9. Anzer IT Healthcare
5.2.10. Meditech
6. Regulatory Landscape –Philippines 42-46
6.1. Regulations in Philippines
6.2. Reimbursement Process
7. Methodology and Scope 47-67
Table of Content
Philippines Electronic Health Records Market Analysis
1. Market Overview
▪Electronic Health Records (EHR), is a computerized record of a patient's medical history that is
kept by their healthcare practitioner. It comprises a complete record of the patient's health
information, including demographics, medical history, vital signs, laboratory findings, imaging
reports, and progress notes from doctors and other healthcare providers
▪EHRs can be accessed from anywhere in the world by authorized healthcare practitioners,
improving care coordination and reducing medical errors. They can also be used to monitor
population health trends and conduct research
There are numerous advantages to using EHRs, including:
▪Improved Patient Care: EHRs make it easier for healthcare providers to access and share patient data,
resulting in better diagnosis and treatment
▪Reduced Medical Errors: EHRs can help reducemedical errors by giving healthcare practitioners access to
complete and accurate patient data
▪Increased Efficiency: EHRs can simplify administrative processes and increase the efficiency of healthcare
delivery
▪Improved Population Health: EHRs can be used to track population health trends and conduct research, hence
improving the community's overall health
1.1 Electronic Health Records Overview
9 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
1.2 Electronic Health Records Scenario in the World
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In this section you will get an
understanding of the topic, which includes
the prevalence of the disease, the
application of medical devices, new
technology, and other details related to the
topic
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
80%
Office-based physicians
adopted EHR in 2021
79%
of Primary Care
Physicians reported using
an inpatient or ambulatory
EHR system
63%
Hospitals in Japan have
adopted EHR
96%
Non-federal acute care
hospitals use EHR
Illustrative
10 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Philippines Market
~$xx Bn Market
➢Africa: $_ _
➢APAC: $_ _
➢Europe: $_ _
➢LATAM: $_ _
➢Middle East: $_ _
➢North America: $_ _
Regional Analysis
Illustrative
1.2 Electronic Health Records Scenario in the World
11 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Illustrative
117.3 Mn+
Population of Philippines
in 2023
$1.053 Tn
Is the Gross Domestic
Product in Philippines in
2023
25 years
Is the median age in
Philippines (2023)
5.5%
Of Philippines ’s GDP is
spent on health in 2023
1.3 Philippines Overview
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In this section you will get an
understanding of the topic, which includes
the prevalence of the disease, the
application of medical devices, new
technology, and other details related to the
topic
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
12 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
104.87
106.73
108.56
110.39
112.19
113.88
115.59
117
2016 2017 2018 2019 2020 2021 2022 2023
Population of Philippines, (in Mn)
318.63328.48
346.48
376.82
361.75
394.09404.28
2016 2017 2018 2019 2020 2021 2022
GDP of Philippines, (in $Bn)
Population Split (2023)
30.0%
64.0%
6.0%
0-14
15-64
65 and above
Male,
49.2
Female
, 50.8
By Age GroupBy Gender
▪In this section you will get an understanding of the demographics
of the country/region, which includes the population, GDP,
healthcare expenditure and other details related to the topic
▪In order to obtain access to all of the information that you are
seeking, you will need to purchase the final report
▪Final report will be comprehensive and detailed, and it will
include data, analysis, trends, and other relevant information
related to the topic or subject matter of interest
Illustrative
1.4 Economic Overview: Philippines
13 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Illustrative
94%
Healthcare providers have
intent-to-use EHR in the
future
2740
Filipino health
professionals were trained
for EHR platforms
$30K
Is the cost for
implementing EHR for
small setup in Philippines
10%
Of the population availed
eHealth services in
Philippines in 2023
1.5 Statistics at a Glance: Electronic Health Records Market in Philippines
▪In this section you will get an
understanding of the Philippines Electronic
Health Records Market, which includes the
number of registered population and other
details related to the topic
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
14 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Public Healthcare
▪Universal Healthcare: Philippines has a universal healthcare
system. It is administered by a system called PhilHealth which is a
government owned company. It covers expenses of the Filipino
population which include medical treatment, inpatient care and
non-emergency procedures
Private Healthcare
▪Health Workforce: Philippines has a well-trained and diverse
healthcare workforce, including doctors, nurses, allied health
professionals, and specialists with 60-70% working in the private
sector. It addresses the population seeking faster, specialized and
modernized facilities
Insurance
▪PhilHealth: Every Filipino citizen and lawful resident makes
contributions to the Philippine Health Insurance Corporation
(PhilHealth) through either taxes or deductions from their payroll.
This contribution ensures fundamental coverage for
hospitalization, emergency services, and certain outpatient
services
Government Programs
▪Medical Assistance Program: Provided by the Department of
Health (DOH), the Medicines Assistance Program (MAP) provides
free medications to financially disadvantaged patients who require
consultations, rehabilitation, examinations, or hospitalization in
government healthcare facilities
1.6 Healthcare Scenario in Philippines
Illustrative
15 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
1.7 Budget of Philippines Government for Public Insurance
Proposed Budget By Category
Outlays 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20312022-31
In Billions Of Dollars
Medicare
$769 $709 $766 $841 $840 $947 $1,014 $1,085 $1,227 $1,178 $1,325 $1,412 $10,633
As % Of GDP 3.7% 3.2% 3.3% 3.4% 3.3% 3.6% 3.7% 3.8% 4.1% 3.8% 4.1% 4.2% 3.7%
▪National Health Expenditures (NHE) grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of Gross Domestic Product (GDP)
▪Medicare spending grew 8.4% to $900.8 billion in 2021, or 21% of total NHE
▪Private health insurance spending grew 5.8% to $1,211.4 billion in 2021, or 28% of total NHE
▪Out of pocket spending grew 10.4% to $433.2 billion in 2021, or 10% of total NHE
▪Other Third Party Payers and Programs and Public Health Activity spending declined 20.7% in 2021 to $596.6 billion, or 14% of total NHE
▪Hospital expenditures grew 4.4% to $1,323.9 billion in 2021, slower than the 6.2% growth in 2020
▪Physician and clinical services expenditures grew 5.6% to $864.6 billion in 2021, slower growth than the 6.6% in 2020
▪Prescription drug spending increased 7.8% to $378.0 billion in 2021, faster than the 3.7% growth in 2020
▪Largest shares of total health spending were sponsored by the federal government (34%) and the households (27%). The private business share of health
spending accounted for 17% of total health care spending, state and local governments accounted for 15%, and other private revenues accounted for 7%
Illustrative
16 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
1.8 Top Developments in Philippines
Company Name Type
Amount /
Duration
Year Key Pointers
Funding $3.5 Mn 2024
▪Mesh Bio, a startup based in Singapore, has secured $3.5 million
in Series A funding, with East Ventures leading the investment
round
▪Through this funding it will scale the deployment of its solutions,
particularly its flagship digital twin offering, specifically in
Philippines, Hongkong and Indonesia
Acquisition - 2023
▪Hive Health, a digital health insurance startup established at
Harvard and Stanford Universities in 2021, has completed the
acquisition of Health Plan Philippines (HPP), a leading provider of
health maintenance organization (HMO) services in the
Philippines
▪Through this strategic move, Hive Health aims to leverage its
technology and data-driven innovations by sharing them with the
current members of HPP
Latest Deals in Philippines
Illustrative
17 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
1.8 Top Developments in Philippines (Continued)
Company Name Type
Amount /
Duration
Year Key Pointers
Latest Deals in Philippines
Illustrative
Philippines Electronic Health Records Market Analysis
2. Electronic Health Records Overview
19 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
2.1 Electronic Health Records in Philippines: Challenges
Illustrative
▪Complexity: Implementing EHR in the
Philippines is complex due to diverse
healthcare practices and technological
readiness, requiring coordination and
adaptation
▪Limited Infrastructure: Challenges
like unreliable internet, power supply,
and outdated hardware hinder EHR
adoption
▪Poor Interface Design: Inefficient
EHR interfaces hamper user adoption
and usability, highlighting the need for
user-centric design
Technological Challenges
▪User Resistance: EHR implementation
in the Philippines faces challenges
from user resistance among healthcare
professionals who may be accustomed
to traditional paper-based systems
▪Unskilled IT Staff: A shortage of skilled
IT personnel poses a significant
challenge to EHR implementation, as
configuring, maintaining, and
troubleshooting complex electronic
systems require specialized technical
expertise
Organizational Challenges
▪Privacy Regulation Compliance:EHR
implementation in the Philippines faces
environmental challenges related to
ensuring compliance with stringent
privacy regulations, such as the Data
Privacy Act
▪Medical School Orientation: A lack of
formal education and orientation on
EHR systems in medical schools
presents an environmental challenge to
implementation. Healthcare
professionals may graduate without
adequate training on electronic health
record usage
Environmental Challenges
The Electronic Health Records System in Philippines is relatively new and is still evolving. However, it faces several barriers and challenges in
adoption and implementation restricting efficient healthcare delivery, improving patient outcomes, and limiting accessibility to medical services
Philippines Electronic Health Records Market Analysis
3. Market Size and Forecasting
21 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
XX
2023 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Philippines Electronic Health Records Market Analysis Forecast,
2023-2030
Click on the icon to know the calculations and assumption
20232024202520262027202820292030
Major Markets Patient
($Mn)
2.74 2.82 2.90 2.94 2.98 3.02 3.07 3.12
Philippines Patient Size
($Bn)
0.51 0.61 0.68 0.69 0.70 0.71 0.72 0.73
% of Patients 18.75%21.70%23.56%23.45%23.42%23.39%23.34%23.45%
Global Market Size ($Bn)3,6203,7803,9504,1284,3144,5084,7114,937
Philippines Market Size
($Bn)
61 74 84 87 91 95 99 106
Illustrative
3.1 Market size and forecasts (Excel and Methodology)
▪In this section you will get an
understanding of the Philippines Electronic
Health Records Market, which includes
major markets patient, Philippines patient
size, % of patients, global market size, and
Philippines market size
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
22 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
▪In this section you will get an understanding of the segmentations which will cover the Philippines Electronic Health Records Market
Analysis
▪In order to obtain access to all of the information that you are seeking, you will need to purchase the final report
Product
Web/ Cloud-based EHR Software
On-premise EHR Software
Application
E-prescription
Practice Management
Referral Management
Patient Management
Population Health Management
End-user
Hospitals
Specialty Centers
Clinics
Ambulatory Surgical Centers
Illustrative
3.2 Snapshot of Electronic Health Records Market Segmentation
23 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Philippines Electronic Health Records Market Analysis Share, By
Product (2023)
Web/ Cloud-
based EHR
Software
On-premise EHR
Software
Illustrative
3.2.1 Market Segmentation: By Product
▪In this section you will get an
understanding of the Philippines Electronic
Health Records Market, which includes
market segmentation by product
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
24 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Philippines Electronic Health Records Market Analysis Share, By
Application (2023)
E-precription
Practice
Management
Referral
Management
Patient
Management
Population Health
Management
Illustrative
3.2.2 Market Segmentation: By Application
▪In this section you will get an
understanding of the Philippines Electronic
Health Records Market, which includes
market segmentation by application
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
25 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Philippines Electronic Health Records Market Analysis Share, By
End-user (2023)
Hospitals
Specialty
Centers
Clinics
Ambulatory
Surgical Centers
Illustrative
3.2.3 Market Segmentation: By End-user
▪In this section you will get an
understanding of the Philippines Electronic
Health Records Market, which includes
market segmentation by end-user
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
Philippines Electronic Health Records Market Analysis
4. Market Dynamics
27 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
4. Snapshot Of Market Growth Drivers And Restraints
Illustrative
4.1.1
Supportive
government
initiatives and digital
health push
4.1.2
Ability of EHR to
reduce medication
errors by 17%
4.1.3
Growing awareness
of EHR benefits
4.2.1
Limited digital
infrastructure and
connectivity
challenges
4.2.2
Data privacy
and security
concerns
28 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
4.1.1 Supportive government initiatives and digital health push
Illustrative
▪Please be aware that this sample report is intended to provide you with a
brief overview of the kind of information and analysis that will be
presented in the final report
▪In order to obtain access to all of the information that you are seeking,
you will need to purchase the final report
▪Final report will be comprehensive and detailed, and it will include data,
analysis, trends, and other relevant information related to the topic or
subject matter of interest
Initiative Description
PhilHealth's
Digital
Transformation
▪Philippine Health Insurance
Corporation (PhilHealth) is
actively promoting the
adoption of EHRs through
various initiatives like
implementing the National
Electronic Health Records
System (NEHRS)
E-Health Strategic
Plan
▪Promoted by the Department
of Health (DOH), it aims to
facilitate EHR adoption in
healthcare facilities
29 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
▪Please be aware that this sample report is intended to provide you with a
brief overview of the kind of information and analysis that will be
presented in the final report
▪In order to obtain access to all of the information that you are seeking,
you will need to purchase the final report
▪Final report will be comprehensive and detailed, and it will include data,
analysis, trends, and other relevant information related to the topic or
subject matter of interest
2021 2022 2023 2024
Illustrative
4.1.2 Ability of EHR to reduce medication errors by 17% and hospitals
readmission rates by 20%
Medication Errors in Philippines, (n)
30 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
4.1.3 Growing awareness of EHR benefits
▪Please be aware that this sample report is intended to provide you with a
brief overview of the kind of information and analysis that will be
presented in the final report
▪In order to obtain access to all of the information that you are seeking,
you will need to purchase the final report
▪Final report will be comprehensive and detailed, and it will include data,
analysis, trends, and other relevant information related to the topic or
subject matter of interest
Illustrative
2020 2021 2022 2023 2024
Increase in the Adoption of EHR in
Philippines, (%)
31 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
4.2.1 Limited digital infrastructure and
connectivity challenges due to low accessibility
in rural areas
▪Please be aware that this sample report is intended to
provide you with a brief overview of the kind of
information and analysis that will be presented in the final
report
▪In order to obtain access to all of the information that you
are seeking, you will need to purchase the final report
▪Final report will be comprehensive and detailed, and it
will include data, analysis, trends, and other relevant
information related to the topic or subject matter of
interest
4.2.2 Data privacy and security concerns with
potential breaches and misuse of sensitive
health information
▪Please be aware that this sample report is intended to
provide you with a brief overview of the kind of
information and analysis that will be presented in the final
report
▪In order to obtain access to all of the information that you
are seeking, you will need to purchase the final report
▪Final report will be comprehensive and detailed, and it
will include data, analysis, trends, and other relevant
information related to the topic or subject matter of
interest
Our analysis will thoroughly investigate the key restraints that may significantly impact business
operations and growth.
Illustrative
4.2 Market Restraints
Philippines Electronic Health Records Market Analysis
5. Competitive Landscape
33 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Company 1
Company 2
Company 3
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10
Revenue of Major players in the Philippines Electronic Health
Records Market($ Mn)
Illustrative
5.1 Major Market Share
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In this section you will the understating of
financial overview of the company, which
includes revenue forecasting, segment
revenue and other key details as per
availability
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
34 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Siemens Healthineers1 iClinic6
GE Healthcare2 Medilink7
Stryker3
Health Data
Management Inc
8
Cerner Corporation4 Anzer IT Healthcare9
NextGen Healthcare5 Meditech10
5.2 Key Players in Philippines Electronic Health Record Market
Illustrative
▪Here is the list of top 10 companies which
will cover in the final report
▪Each company will have slides for
oOverview
oKey details
oOfferings
oName of products
oRecent activities/ Press Coverage
oDistribution and Vendor Partners
oMergers, Acquisitions and
Collaboration
oFinancials
▪If there are specific companies that you
would like to be included in the report,
please let us know via email
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
35 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
5.2.1 Siemens Healthineers
Founded in: 1847
HQ: Erlangen, Germany
Type: Private
Revenue: $19.44 Bn (Global)
Website: siemens-healthineers
▪Siemens Healthineers is a leading medical technology company
that provides innovative technologies and services in diagnostic
and therapeutic imaging, laboratory diagnostics and molecular
medicine, as well as digital health and enterprise services
▪It has a global presence, with operations in over 150 countries,
employs over 50,000 people and has a research and development
network with over 100 sites worldwide
▪Siemens Healthineers Philippines is a leading provider of
healthcare technology in Philippines
Offerings
➢Medical Imaging
➢Laboratory Diagnostics
➢Point-of-Care Testing
➢Digital Health
Recent Activity / Press Coverage
▪August 25, 2023 — Siemens Healthineers has unveiled Acuson Origin, a new cardiovascular ultrasound system with robust artificial intelligence (AI)
capabilities that allow it to identify the anatomy being imaged and anticipate the next steps needed to advance patient care
▪March 03, 2023 — Siemens Healthineers has announced the evolution of the Acuson Sequoia Flagship series at this year’s European Congress of
Radiology (ECR) in Vienna
▪February 15, 2023 — Siemens and Swinburne University of Technology have agreed to set up the most advanced future Energy Transition Hub of its
kind in Philippines in at the University’s Hawthorn campus in Melbourne to leverage digital twin of Philippines ’s energy grid with Siemens software such
as PSS E, PSS Sincal, Spectrum Power and Deop X
36 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Company Name Type
Amount /
Duration
Year Key Pointers
Acquisition - 2023
▪Siemens Healthineers subsidiary Varian, acquired Aspekt
Solutions, a provider of radiology and radiation oncology services
▪Aspekt Solutions specializes in offering consultancy services to
radiology departments and imaging centers, with expertise in
medical physics, dosimetry, and strategic planning
▪Through this acquisition, Siemens aims to broaden its portfolio of
advanced oncology solutions and meet the growing need for
personalized services in the field
Latest Deals - Mergers and Acquisitions
5.2.1 Siemens Healthineers (Continued)
Illustrative
37 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
2020202120222023F2024F2025F2026F2027F2028F2029F2030F
5.2.1 Siemens Healthineers (Continued)
Revenues ($Bn), 2020-2030
Breakdown of Net Revenue by Segment, 2023
1 2 3 4
Illustrative
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In this section you will the understating of
financial overview of the company, which
includes revenue forecasting, segment
revenue and other key details as per
availability
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
38 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
5.2.2 GE Healthcare
Founded in:
HQ:
Type:
Revenue:
Website:
Solutions offered by Company
Drugs Indications
Drugs for Telemedicine Recent Activity / Press Coverage
39 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
5.2.2 GE Healthcare (Continued)
Major Distribution Partners Major Vendor Partners
Partnerships Ecosystem
40 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
Company Name Type
Amount /
Duration
Year Key Pointers
Latest Deals - Mergers and Acquisitions
5.2.2 GE Healthcare (Continued)
41 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
xx
xx
xx
2020202120222023F2024F2025F2026F2027F2028F2029F2030F
5.2.2 GE Healthcare (Continued)
Revenues ($Bn), 2020-2030
Breakdown of Net Revenue by Segment, 2022
1 2 3 4
▪Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪In this section you will the understating of
financial overview of the company, which
includes revenue forecasting, segment
revenue and other key details as per
availability
▪In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
Philippines Electronic Health Records Market Analysis
6. Reimbursement Scenario
43 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
6.1 Reimbursement Regulation in Philippines
The Department of Health (MOH) is the primary governmental body responsible for the health of the people and the overall healthcare system in
Philippines . Its key governmental agencies responsible for the administration of drugs and medical devices are as follows:
▪Philippines Health Insurance Corporation, The national health insurance initiative provides coverage for vital healthcare services for those
enrolled. It establishes reimbursement rates for medications incorporated into PhilHealth's benefit package, significantly impacting market
dynamics, given that a considerable number of Filipinos depend on PhilHealth coverage for their medication expenses
▪Department of Health (DOH), Formulates health policies and guidelines, encompassing aspects such as medication pricing and
reimbursement. It holds the power to modify PhilHealth's benefit package and reimbursement rates. Plays a pivotal role in championing
affordable and accessible medications for the entire Filipino population
▪Philippine Food and Drug Administration (FDA), Endorses the safety and effectiveness of medications for distribution within the
Philippines. It shapes reimbursement determinations by establishing the criteria that determine which medications qualify for coverage under
PhilHealth
▪Department of Social Welfare and Development (DSWD), It offers financial aid to indigent individuals and families during health
emergencies, which encompasses assistance for acquiring medications. It works in conjunction with other agencies, such as PhilHealth, to
enhance healthcare accessibility for vulnerable populations
▪Philippine Pharmacopeia (Philp): Established by the Bureau of Food and Drugs within the Department of Health, Philp sets the official
criteria for the identity, purity, quality, and potency of drugs and medicines in the Philippines. Philp plays a pivotal role in maintaining the
uniformity and excellence of pharmaceutical products throughout the country. It serves as an autonomous reference, offering guidance to
manufacturers, importers, distributors, and healthcare professionals to ensure that medications comply with established quality standards
Illustrative
Regulatory Authorities With Jurisdiction Over Drugs, Biologicals, And Medical Devices In Philippines
44 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
6.1 Reimbursement Regulation in Philippines (Continued)
Coverage Penetration (% Total Population) Source of Funding
Spend on Healthcare (%of Current Health Expenditure)
Reimbursement Market Trends
Public healthcare coverage is provided by the government and includes
programs like Medicare and Medicaid
Medicare is a federal program that provides healthcare coverage to individuals
who are 65 years of age or older, as well as certain younger people with
disabilities
▪Shift towards value-based care has been a significant trend in Philippines healthcare system, with payers and providers increasingly focused on improving patient
outcomes and reducing costs
▪This has led to the development of alternative payment models such as accountable care organizations (ACOs) and bundled payment arrangements, which
incentivize providers to deliver high-quality, cost-effective care
38.9% 37.1% 35.6% 32.5% 31.5%
44.0%
46.0% 47.7%
51.0% 51.8%
2017 2018 2019 2020 2021 2022 2023
Government Expenditure
Private Health Insurance
Out of Pocket
Other
NA NA
100% 100% 100% 100% 100%
xx
xx xx
xx xx
2019 2020 2021 2022 2023
Public Healthcare
Coverage
Private Coverage
6.3% 4.08% 5.1% 3.8% 2.2% 2.4% 3.6% GDP Growth (yoy)
14.7% 11.3% 15.5% 7.5% 4.2% NA NA HC Spend Growth (yoy)
Illustrative
45 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
6.2 Reimbursement Process
The reimbursement process in Philippines healthcare system can be complex and can vary depending on the type of healthcare
service, the healthcare provider, and the insurance coverage. Here are the general steps involved in the reimbursement process:
▪Service or Treatment Provided: The healthcare provider performs a service or treatment for the patient
▪Billing: The healthcare provider submits a claim to the insurance company or other payer, requesting reimbursement for the
service provided
▪Adjudication: The insurance company or other payer reviews the claim to determine whether it meets the criteria for
reimbursement. This can involve verifying the patient's eligibility, reviewing the treatment provided, and checking for any potential
errors or fraud
▪Payment: If the claim is approved, the insurance company or other payer reimburses the healthcare provider for the service
provided, based on the negotiated payment rates or fee schedule
▪Patient Responsibility: Depending on the patient's insurance coverage, they may be responsible for paying a portion of the cost
of the service, such as deductibles, co-payments, or co-insurance
In order to obtain access to all of the information that you are seeking, you will need to purchase the final report
Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the
topic or subject matter of interest
Illustrative
46 A Sample Report on Philippines Electronic Health Records Market Analysis I Confidential
6.2 Reimbursement Process (Continued)
The reimbursement process in Philippines healthcare system can be
complex and can vary depending on the type of healthcare service, the
healthcare provider, and the insurance coverage. Here are the general
steps involved in the reimbursement process:
▪Service or Treatment Provided: The healthcare provider performs a
service or treatment for the patient
▪Billing: The healthcare provider submits a claim to the insurance
company or other payer, requesting reimbursement for the service
provided
▪Adjudication: The insurance company or other payer reviews the claim
to determine whether it meets the criteria for reimbursement. This can
involve verifying the patient's eligibility, reviewing the treatment
provided, and checking for any potential errors or fraud
▪Payment: If the claim is approved, the insurance company or other
payer reimburses the healthcare provider for the service provided,
based on the negotiated payment rates or fee schedule
MoH
Private Payers Public Payers
Health Technology Assessment
PaymentCoverageCoding
Coding depends on availability code while coverage and
payment process decisions are made through an HTA.
Market Authorization
1 32
Illustrative
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