MEDITECH Strengths, Domain Expertise, and Key Differentiators
MEDITECH has driven EHR innovation during every stage of the industry's evolution. Today MEDITECH helping healthcare organizations around the world expand their vision of what’s possible with MEDITECH Expanse, a web-based EHR that’s setting new standards for usability, efficiency, and clinician satisfaction. MEDITECH software is used by a quarter of all hospitals in the U.S., nearly half of all Canadian hospitals, and healthcare organizations in 23 countries. MEDITECH help power the best care possible in every care setting, from acute centers and ambulatory practices, to home health agencies, long-term care facilities, patients’ homes and beyond.
MEDITECH Recent Developments
Speare Memorial Hospital was a longtime MEDITECH MAGIC customer, when they joined a group of healthcare organizations to share IT resources, which included moving to a different EHR. When the group disbanded, Speare Memorial Hospital set out to find a new platform to meet their guiding principles of integration (clinical and business operations), costs, ease of use, patient experience, quality outcomes, and data analytics. In March 2021, Speare Memorial Hospital returned to Meditech. By signing for MEDITECH as a Service (MaaS), Speare Memorial will now have full access to the Expanse EHR and the support of a familiar and trusted partner.
To accelerate healthcare organizations’ administration of the COVID-19 vaccine, MEDITECH is extending its capabilities to include a complimentary, short-form Quick Vaccination solution. The solution streamlines vaccine administration, enabling healthcare organizations to efficiently administer the vaccine to their patients from multiple care venues, including through tablet devices.
In February 2021, MEDITECH launched a Telemetry Appropriateness Toolkit in Expanse. It will help organizations to improve telemetry management through the indication-based ordering and timely removal of ECG monitoring. The decrease of inappropriate ordering, can reduce utilization costs, increase throughput, and enhance patient satisfaction.
MEDITECH Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying MEDITECH 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 MEDITECH 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 MEDITECH Expanse customers.
Ownership: - x
Number of Employees: 3491
Key Verticals: Healthcare,
MEDITECH Key Cloud and HCM Applications
MEDITECH HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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.
MEDITECH Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
MEDITECH HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
MEDITECH HCM Applications Revenues By Verticals, $M:
MEDITECH Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 HCM Applications Revenues, $M|
MEDITECH Direct vs Indirect sales
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MEDITECH Customers - Breakdown by Geo, Size, Vertical and Product
No. of MEDITECH Customers: 2350
No. of MEDITECH HCM Applications Customers: x
No. of MEDITECH Cloud HCM Customers: x
No. of MEDITECH Cloud HCM Subscribers: x
More than 2,350 institutions worldwide use MEDITECH’s clinically integrated and interoperable EHR to provide healthcare to the communities they serve. Among its customers are: Emanate Health, Unity Health, Luke's Health, Kingman Regional Medical Center, Val Verde Regional Medical Center, Princeton Community Hospital, and many more.
In 2019, MEDITECH experienced growth with Expanse, with an additional 27 customers choosing to migrate to the platform from earlier legacy MEDITECH platforms.
MEDITECH Market Opportunities, M&A and Geo Expansions
Now more than ever, during this pandemic, healthcare organizations need an EHR that offers timely information and guidance to support their decisions. It is a significant opportunity for Meditech that due to the Covid-19 pandemic, more hospitals are choosing MaaS. MEDITECH as a Service (MaaS) ensures that organizations go LIVE with the full version of Expanse across all care settings while leveraging resources like Google Cloud Platform for secure patient data management. The growth of the company is expected to continue in the forthcoming period.
MEDITECH Risks and Challenges
In July 2021, MEDITECH has appointed Michelle O'Connor as President and CEO. The change of leadership in difficult times like these, with COVID-19, when customers are expecting from MEDITECH to achieve its full potential by continuing with innovations in ways to meet their evolving needs, could be threatening and affect the future of the company.
Meditech’s ability to expand its Cloud applications strategy appears tentative at best given the large amounts of legacy assets that it has built for its long-time customers such as HCA.
MEDITECH Ecosystem, Partners, Resellers and SI
MEDITECH collaborates with well known vendors to create proven, integrated healthcare solutions for their customers. They’ve incorporated these clinical, financial, technical, and operational solutions into the EHR, to ensure that your care is always secure, efficient, and safe. Among their partners are: WELL Health, Hewlett Packard Enterprise (HPE), IBM, CloudWave, BridgeHead Software, Citrix, Commvault, CareTech, FDB (First Databank), and many more.
MEDITECH Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- MEDITECH Public Cloud and Infrastructure (IaaS)
- MEDITECH Platform (PaaS)
- MEDITECH Application Delivery
- MEDITECH Private Cloud and Data Centers
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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