About This Constellation ShortList™
Enterprise resource planning (ERP) is the backbone for healthcare organizations that are focused on the integrated management of business processes in the areas of accounting/finance, HR and supply chain. Constellation estimates this market will reach $2.54 billion by the end of 2027 at a 7.6% CAGR
Healthcare’s shift to value-based care has put pressure on hospitals to better understand the true cost of delivering care down to the line-item detail. ERP systems help eliminate data and operating silos because these back-office departments traditionally operate independently. The next big wave in healthcare is to explore how ERP systems will help with operational efficiencies while reducing costs in the organization.
Constellation considers the following criteria for these solutions:
- Chart of accounts
- General ledger accounting
- Accounts receivable
- Accounts payable
- Planning and budgeting
- Travel management
- Research grant management
- Supply chain
- Mobile supply chain capabilities
- Asset and logistic tracking
- Supply to clinical order integration
- Talent management
- Workforce management
- Content management
- Reporting and analytics
- Cost accounting integration
- Regulatory compliance management
- Identity management integration
The Constellation ShortList™
Constellation evaluates more than 10 solutions categorized in this market. This Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
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Frequency of Evaluation
Each Constellation ShortList is updated at least once per year. Updates may occur after six months if deemed necessary.
Constellation clients can work with the analyst and research team to conduct a more thorough discussion of this Constellation ShortList. Constellation can also provide guidance in vendor selection and contract negotiation.