Healthcare Frost Radar™: Healthcare Data Analytics, 2022

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

INDUSTRY
Healthcare

RELEASE DATE
19-Aug-2022
REGION
North America
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
K795-01-00-00-00
SKU
HC03564-GL-MR_26718
Yes
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Frost Radar™: Healthcare Data Analytics, 2022
Published on: 19-Aug-2022 | SKU: HC03564-GL-MR_26718

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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. The ongoing COVID-19 pandemic has accelerated this trend. Virtual care continues to gain momentum and is expected to stay in the healthcare system, pushing it toward a hybrid model of care.

The ability to implement customized, cloud-based clinical, social determinant of health, population health management, and value-based care analytics to enable payers and providers to deliver holistic, high-quality care is emerging as a competitive requirement. Service providers are distinguishing themselves through complete and tailored customer service, interoperability capabilities, depth of data availability and quality, and the ability to ease the staff burden.

In a field of more than 50 global healthcare data analytics industry participants, Frost & Sullivan independently plotted the top 14 providers in this Frost Radar™ analysis.

The Frost 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. It discusses strategic market imperatives and the competitive environment that vendors operate in as well as makes recommendations for each provider to spur growth.

Author: Delfina Huergo

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

Frost Radar™: Healthcare Data Analytics

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

1upHealth

Amazon Web Services

Change Healthcare

Clarify Health

Cotiviti

GAVS Technology

Google Cloud Platform

Innovaccer

MedeAnalytics

Microsoft Azure

Optum

Oracle

Salesforce

SAS

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.

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  • Report download
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A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

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. The ongoing COVID-19 pandemic has accelerated this trend. Virtual care continues to gain momentum and is expected to stay in the healthcare system, pushing it toward a hybrid model of care. The ability to implement customized, cloud-based clinical, social determinant of health, population health management, and value-based care analytics to enable payers and providers to deliver holistic, high-quality care is emerging as a competitive requirement. Service providers are distinguishing themselves through complete and tailored customer service, interoperability capabilities, depth of data availability and quality, and the ability to ease the staff burden. In a field of more than 50 global healthcare data analytics industry participants, Frost & Sullivan independently plotted the top 14 providers in this Frost Radar™ analysis. The Frost 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. It discusses strategic market imperatives and the competitive environment that vendors operate in as well as makes recommendations for each provider to spur growth. Author: Delfina Huergo
More Information
Deliverable Type Frost Radar
Author Delfina Huergo
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 healthcare data analytics
Keyword 2 healthcare analytics
Keyword 3 health analytics
Podcast No
WIP Number K795-01-00-00-00

Frost Radar™: Healthcare Data Analytics, 2022

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
HC03564-GL-MR_26718