Analytics can be used on the data of patients with chronic conditions, to identify target populations and enhance patient monitoring with appropriate post-discharge plans that reduce readmissions.
Currently, the global healthcare industry is experiencing a fundamental transformation to value based business from volume based business. With the increasing demand from consumers for improved healthcare quality and enhanced value, the healthcare providers and payers are challenged by reduction of costs, improve better outcomes, provide more with less and be more patient centric.
Companies Mentioned in Healthcare Analytics Market Report:
- Oracle Corporation,
- McKesson Corporation,
- Truven Health Analytics
- Cerner Corporation.
Healthcare Analytics Market Characteristics
Analytics is the systematic use of data and related business insights developed through various analytical models such as statistical, cognitive, contextual, predictive, quantitative and other emerging models to initiate fact based decision making for planning, measurement, management and learning. These analytics may be predictive, descriptive, and prescriptive.
Healthcare Analytics Market Size
Big data is defined as “a collection of large and complex data sets which are difficult to process using common database management tools” or “the tools, processes and procedures allowing an organization to create, manipulate, and manage very large sets of data”. The evolving blend of health informatics and bioinformatics has encouraged research in all healthcare segments including personalized medicine, clinical decision support, population health management and target drug. Businesses and organizations leverage big data in a number of ways, such as- to improve the development of the next generation of services and products.
However, the global healthcare analytics market is expected to face restraints from several factors which include poor standardization, lack of skilled professionals and data integration.
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Healthcare Analytics Market Trends
Increasing application of healthcare analytics and emergence of big data are the trends witnessed in the global healthcare analytics market.
Potential Opportunities In The Healthcare Analytics Market
The growing demand for big data analytics, technological advancements and drastically changing costs dynamics is expected to increase the potential for global healthcare analytics market in the forecast period.
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Few Chapters from Table Of Content:
- Executive Summary
- Qualitative Analysis
- Porters Five Forces Analysis: Global Healthcare Analytics Market
- Key M&A and Strategic Partnerships in Global Healthcare Analytics Market
- Global Healthcare Analytics Market, 2014 – 2022
- Company Profiles
- Copyright and Disclaimer
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