Frost Radar™: Global Healthcare Data Analytics Market, 2022

Frost Radar™: Global Healthcare Data Analytics Market, 2022

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

Expected RELEASE DATE
16-Aug-2022
REGION
Global
Research Code: K795-01-00-00-00
SKU: HC03564-GL-MR_26718

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Description

Healthcare organizations must be able to manage, analyze and interpret data in order to identify strategic, tactical, and operational insights for decision making. This allows providers and payers to provide the best ways of delivering high quality care. There has been a slow but steady change in the healthcare industry at the very core of its business model. Industry participants are aiming for a preventive care model instead of conforming to only disease treatment. This trend towards a preventive care model has been deeply accelerated by the ongoing COVID-19 pandemic, where virtual care is gaining momentum and is expected to stay in the healthcare system, pushing it towards a hybrid model of care. The ability to offer customized, cloud-based implementation of data analytics tailored to each healthcare environment to enable payers and providers to offer a holistic and high quality delivery of care, including clinical analytics, social determinants of health (SDoH) analytics, population health management, and value based care analytics is emerging as a competitive requirement. As healthcare data analytics is becoming increasingly demanded for decision-making processes, service providers have been investing in differentiating themselves through complete tailored customer service, interoperability capabilities, depth of data availability and quality, and ease of staff burden. In a field of more than 50 global healthcare data analytics industry participants, Frost & Sullivan independently plotted the top 13 providers in this Frost Radar™ analysis. The Frost Radar™ features 1upHealth, Amazon Web Services, Change Healthcare, Clarify Health, GAVS Technology, Google Cloud Platform, Innovaccer, MedeAnalytics, Microsoft Azure, Optum, Oracle, Salesforce, and SAS. While more than a dozen smaller companies either are exploring the market or have recently entered it, Frost & Sullivan has identified these 13 as the market powerhouses. The Radar™ reveals the market positioning of each company using its Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each company based on its strengths, opportunities, and market positioning. We discuss strategic market imperatives and the competitive environment that vendors operate in as well as make recommendations for each provider to spur growth.

Related Research
Healthcare organizations must be able to manage, analyze and interpret data in order to identify strategic, tactical, and operational insights for decision making. This allows providers and payers to provide the best ways of delivering high quality care. There has been a slow but steady change in the healthcare industry at the very core of its business model. Industry participants are aiming for a preventive care model instead of conforming to only disease treatment. This trend towards a preventive care model has been deeply accelerated by the ongoing COVID-19 pandemic, where virtual care is gaining momentum and is expected to stay in the healthcare system, pushing it towards a hybrid model of care. The ability to offer customized, cloud-based implementation of data analytics tailored to each healthcare environment to enable payers and providers to offer a holistic and high quality delivery of care, including clinical analytics, social determinants of health (SDoH) analytics, population health management, and value based care analytics is emerging as a competitive requirement. As healthcare data analytics is becoming increasingly demanded for decision-making processes, service providers have been investing in differentiating themselves through complete tailored customer service, interoperability capabilities, depth of data availability and quality, and ease of staff burden. In a field of more than 50 global healthcare data analytics industry participants, Frost & Sullivan independently plotted the top 13 providers in this Frost Radar™ analysis. The Frost Radar™ features 1upHealth, Amazon Web Services, Change Healthcare, Clarify Health, GAVS Technology, Google Cloud Platform, Innovaccer, MedeAnalytics, Microsoft Azure, Optum, Oracle, Salesforce, and SAS. While more than a dozen smaller companies either are exploring the market or have recently entered it, Frost & Sullivan has identified these 13 as the market powerhouses. The Radar™ reveals the market positioning of each company using its Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each company based on its strengths, opportunities, and market positioning. We discuss strategic market imperatives and the competitive environment that vendors operate in as well as make recommendations for each provider to spur growth.
More Information
Industries Healthcare
No Index No
Is Prebook Yes
Podcast No
WIP Number K795-01-00-00-00