CompuGroup Medical Strengths, Domain Expertise, and Key Differentiators
With strategic acquisitions such as m.Doc GmbH, Medicus Laboratory Information Systems, and AP Easy Software Solutions, CGM has expanded its digital healthcare portfolio, bolstering its offerings in patient portals, laboratory information systems, and anatomical pathology solutions. These acquisitions not only diversify CGM's product suite but also broaden its customer base and market presence, solidifying its position as a key player in the healthcare technology sector. Additionally, CGM's commitment to innovation and customer satisfaction, as evidenced by its ongoing investment in research and development and its focus on providing comprehensive end-to-end solutions, further enhances its competitive advantage. With a strong financial foundation, a dedicated team, and a clear vision for the future, CGM is well-equipped to navigate the complexities of the healthcare industry and capitalize on opportunities for growth and expansion in the years to come.
CompuGroup Medical Recent Developments
In 2024, CompuGroup Medical (CGM) celebrated a remarkable achievement with the issuance of approximately 12 million e-prescriptions within the first four weeks of the year in Germany, surpassing the total number of e-prescriptions redeemed since their introduction in 2021. This feat underscores CGM's pivotal role in facilitating seamless transitions to digital healthcare solutions. Furthermore, CGM's innovative approach, exemplified by the utilization of CLICKDOC for e-prescription dispatch, provides an accessible and secure alternative for patients, contributing to the widespread adoption of e-prescription channels across the country.
In 2022, CGM attained approval from Gematik for its latest generation KoCoBox MED+ connector, representing a significant milestone in healthcare technology infrastructure. The enhanced hardware of the KoCoBox MED+ offers improved performance and user-friendliness, equipped with a powerful processor, increased RAM, and modern design features. This approval reinforces CGM's position as a leading provider of cutting-edge solutions for healthcare facilities, ensuring seamless interoperability and readiness for upcoming e-health applications within the telematics infrastructure.
Moreover, CGM has spearheaded the digital transformation of ordering processes in hospital pharmacies through its collaboration with industry partners. In the same year, the successful completion of the pilot project for optimized ordering processes, enabled by the MSV3 interface, marked a pivotal advancement in streamlining medication procurement and inventory management. By digitizing and standardizing the ordering process, CGM facilitates immediate access to product availability information and eliminates manual work steps, thereby driving significant time savings for pharmacy staff. This initiative underscores CGM's commitment to innovation and efficiency in healthcare operations, paving the way for enhanced connectivity and collaboration among healthcare stakeholders.
Lastly, in 2021, CGM unveiled version 21.3 of its renowned laboratory management software, CGM LABDAQ, marking a substantial advancement in laboratory information systems. This update brings forth a plethora of improvements, including enhanced sample receiving, specimen storage, data accessibility, and overall system performance. By diligently responding to user feedback and leveraging the expertise of its in-house development teams, CGM continues to demonstrate its commitment to providing versatile tools that optimize efficiency for laboratory technicians and managers alike.
CompuGroup Medical Mergers and Acquisitions (M&A) Activities
In 2023, CompuGroup Medical (CGM) significantly expanded its digital healthcare portfolio by acquiring a majority stake, 51%, in m.Doc GmbH, a renowned developer of patient portals and digital applications for clinics, rehabilitation, and care facilities. m.Doc's focus on the digitalization of hospital processes aligns with CGM's mission to provide comprehensive digital solutions across the patient journey, optimizing communication and efficiency in both inpatient and outpatient settings. With m.Doc's robust Smart Health platform and modular patient portal, CGM aims to enhance its CLICKDOC offering for appointment bookings and video consultations, further integrating patient-centric solutions into its systems.
In 2022, CompuGroup Medical US (CGM) solidified its position as a market leader in laboratory information systems with the strategic acquisition of Medicus Laboratory Information Systems (Medicus). This acquisition expands CGM's customer base by over 1,000 laboratories nationwide and enhances its technology offerings with additional revenue cycle management solutions. The integration of Medicus LIS into CGM's portfolio complements its existing products, including CGM LABDAQ and CGM SCHUYLAB, providing customers with a comprehensive suite of laboratory data management solutions. This acquisition strengthens CGM's presence in the US laboratory market and underscores its commitment to driving efficiency and innovation in healthcare.
Also in 2022, CGM US further bolstered its laboratory information systems portfolio with the acquisition of AP Easy Software Solutions, a leading provider of anatomical pathology (AP) laboratory information systems. This strategic acquisition enhances CGM's product suite and expands its presence in the growing AP segment of the market. By integrating AP Easy's solutions into its portfolio, CGM aims to better serve laboratories and hospitals across the care continuum while leveraging existing sales channels to penetrate new domestic and international markets. This acquisition strengthens CGM's position as a key player in the laboratory market and underscores its commitment to meeting the diverse needs of its customers.
CompuGroup Medical Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CompuGroup Medical applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CompuGroup Medical and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CGM APRIMA, eMEDIX, CGM ENROLL, CGM LABDAQ customers.
CompuGroup Medical Overview
Maria Trost 21
Koblenz, x, 56070, Germany
49 261 8000 0
https://www.cgm.com/
Ownership: - COP.DE : Xetra
Number of Employees: 9000
Functional Markets: Content Management, ERP Services and Operations,
Key Verticals: Healthcare,
CompuGroup Medical Key Enterprise and Cloud Applications
CGM APRIMA, eMEDIX, CGM ENROLL, CGM LABDAQ
CompuGroup Medical Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CompuGroup Medical Revenue Breakdown By Type, $M:
CompuGroup Medical Enterprise Applications Revenues By Functional Markets, $M:
CompuGroup Medical Enterprise Applications Revenues By Verticals, $M:
CompuGroup Medical Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
CompuGroup Medical Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
CompuGroup Medical Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified CompuGroup Medical Customers
No. of CompuGroup Medical Customers: x
No. of CompuGroup Medical Enterprise Applications Customers: x
No. of CompuGroup Medical Cloud Customers: x
No. of CompuGroup Medical Cloud Subscribers: x
CompuGroup Medical's comprehensive suite of software products caters to the diverse needs of medical professionals, spanning doctors’ offices, pharmacies, laboratories, hospitals, and social welfare institutions. Through its information services and web-based personal health records, CompuGroup Medical facilitates safer and more efficient healthcare delivery. Serving over 1.6 million users worldwide, including doctors, dentists, pharmacists, and various healthcare professionals across inpatient and outpatient settings, the company fosters a unique and extensive customer base.
CompuGroup Medical Market Opportunities, M&A and Geo Expansions
Looking ahead, CompuGroup Medical (CGM) stands poised to capitalize on several key opportunities in the rapidly evolving healthcare landscape. With its robust revenue base of EUR 1.130 billion in 2022 and a comprehensive suite of software products tailored to various healthcare settings, including doctors’ offices, pharmacies, laboratories, hospitals, and social welfare institutions, CGM is well-positioned to expand its market presence and penetrate new geographic regions. Furthermore, the growing demand for e-health solutions and digital healthcare records presents a significant opportunity for CGM to further enhance its information services and web-based personal health records, driving safer and more efficient healthcare delivery worldwide. Leveraging its extensive customer base of over 1.6 million users, CGM can continue to innovate and tailor its offerings to meet the evolving needs of medical professionals across inpatient and outpatient settings, solidifying its position as a global leader in e-health technology.
CompuGroup Medical Risks and Challenges
While CompuGroup Medical (CGM) is well-positioned for growth, there are potential risks that warrant consideration from a market analyst's perspective. One risk lies in the rapidly evolving nature of the healthcare industry, where technological advancements and regulatory changes could impact the demand for CGM's products and services. Additionally, as CGM expands its global footprint, it may face challenges related to cultural differences, regulatory compliance, and geopolitical instability in certain regions. Moreover, with increasing competition in the e-health sector, CGM must continuously innovate to maintain its competitive edge and retain its customer base.
CompuGroup Medical Ecosystem, Partners, Resellers and SI
In the foreseeable future, CompuGroup Medical (CGM) is positioned to further fortify its standing within the healthcare ecosystem. With a comprehensive suite of software solutions tailored for various healthcare settings, including doctors’ offices, pharmacies, laboratories, hospitals, and social welfare institutions, CGM plays a pivotal role in facilitating seamless communication and data management across the healthcare continuum. Moreover, strategic partnerships with industry giants like Microsoft, alongside collaborations with other notable entities such as Novovision, McKesson, AMS, Alaska Scientific, Medical Lab Solutions, Abaxis, and many others, underscore CGM's commitment to innovation and interoperability. As CGM continues to innovate and adapt to emerging trends in e-health and digital healthcare, it is poised to deepen its integration into the fabric of the healthcare ecosystem, driving greater efficiency, safety, and accessibility in healthcare delivery.
CompuGroup Medical Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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