E-Prescribing Market Competitive Landscape, Insights by Geography, and Growth Opportunity

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By electronically sending prescription information, medical professionals can simplify their workflows, increase the overall effectiveness of prescribing medicines, and boost patient safety.

E-prescribing is playing a key role in modern healthcare procedures. By electronically sending prescription information, medical professionals can simplify their workflows, increase the overall effectiveness of prescribing medicines, and boost patient safety.

E-prescribing, or electronic prescribing, uses electronic systems to create and send medicine prescriptions to pharmacies or patients. Rather than depending on printed or handwritten prescriptions, healthcare providers can now send secure e-prescriptions directly to the pharmacy preferred by the patients. Such prescriptions are communicated via a standardized network precisely intended for prescription transmissions.

Moreover, during the pandemic of COVID-19, healthcare services were pushed to modify their procedure, to curve the spread of the virus between medical professionals and the general public. This has also led to the increasing adoption of e-prescribing to avoid physical contact.

 

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Advantages of E-Prescribing
Let’s look at some of the key advantages of e-prescribing:

Enhance Safety Accuracy
E-prescription can decrease the count of prescription faults caused by unreadable handwriting, duplications, misinterpreted oral orders, and incorrect dosages or names. Consuming incorrect medicine can cause serious medical problems, making it imperative that the correct medicine is prescribed and given to patients.

In addition, instructions for dosage are also clearly communicated in such prescriptions to enable patient aware of how much and how often they need to take their medication. Utilizing e-prescriptions instead of handwritten ones also decreases time spent on interpreting the details of prescriptions, as well as enables patients to get their medicine faster.

Streamlined Workflow
E-prescribing simplifies record-keeping and enhances the completeness of patient medicine histories as these prescriptions are automatically documented in EHR. With the capability to electronically check insurance advantages, some systems can get medicine approval automatically, guaranteeing coverage as well as decreasing wait durations.

In Conclusion
With the increasing understanding regarding patient well-being, and rising adoption of e-prescribing for controlled substances, coupled with helpful government rules permitting it, the requirement for e-prescription will continue to surge. As a result, their demand will reach a value of USD 14,371.9 million by the end of this decade.

 

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