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CAPV: Healthcare Industry, On-Demand Print and Services Opportunity

Press release from the issuing company

(Norwell,MA)September 17, 2003 -- The healthcare services market prints more than 100 billion pages per year representing a sizeable market opportunity for digital service providers. In a new white paper entitled The Healthcare Industry: The On-Demand Print and Document Services Opportunity, CAP Ventures' analysts identify and examine the key growth opportunities for print on demand and document services in this industry. The healthcare industry is in a constant state of flux, continually reacting to the demands of its competing constituents. These demands include quality of care for patients; the business concerns of the hospital or medical center; the expectations and performance of the caregivers; the control and demands of the health insurance industry; the moral, ethical, and economic ramifications of new technologies and innovations that are changing the nature of healthcare; and the regulatory demands of the government. This chaos creates tremendous opportunities for digital service providers as healthcare organizations attempt to stay focused on their primary business (healthcare) and delegate non-core document management functions to outsource firms. The ability to create, revise, update, order, input, distribute, and print forms electronically offers the healthcare industry significant cost and productivity improvement opportunities. A growing percentage of healthcare organizations are outsourcing document production. According to CAP Ventures' recently published Document Outsourcing Market Forecast, the healthcare industry generated $2.6 billion in document outsourcing revenues in 2001. Revenues are expected to reach $3.3 billion in 2006, representing a compound annual growth rate of 4.6%. The key messages in selling to healthcare organizations are reduced cost of document management, enhanced control over the correct version of forms, easy document revisions, timely document distribution, improved information control, and a secure document management and transmission. CAP Ventures' study includes the scope and size of the healthcare industry, key trends and issues facing the industry, applications for digital and electronic delivery, sales and marketing strategies for the healthcare industry, and case histories discussing successful solutions implemented in the healthcare field. The complete report is available immediately to clients of CAP Ventures' North American On Demand Printing & Publishing and Production Workflow Solutions Consulting Services. For more information on the report or to make a purchase, please contact Stewart MacDonald at (781) 871-9000, ext. 175 or via e-mail at [email protected].