Healthcare Analytics Market Size: Segmentation and Analysis by Latest Trends, Share, Development and Growth by 2026

Global Healthcare Analytics Market analysis document performs comprehensive study about Healthcare Analytics industry and tells about the market status, growth, trends, demand, key players and opportunity in the forecast period 2019-2026. The Healthcare Analytics Market analysis document offers a great understanding of the current market situation with the historic and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the market. This report studies the potential and prospects of the market in the present and the future from various points of views. The Healthcare Analytics Market analysis document is a comprehensive analysis on the study of Healthcare Analytics industry that gives number of market insights.

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Healthcare Analytics Market analysis is provided for the US markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as company’s processes and cost structures are also analyzed in this Healthcare Analytics report. This Healthcare Analytics Market report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin Healthcare Analytics by region.

List of the Leading Companies that are operating in the Healthcare Analytics Market are: IBM, Wipro Limited, Allscripts, Cerner Corporation, Health Catalyst, Inovalon, McKesson Corporation, MEDEANALYTICS, INC., Optum, Inc., Oracle, SAS Institute Inc., SCIOInspire, Corp., Verscend Technologies Pvt. Ltd, CitiusTech Inc. Vitreos Health, Ikon Tech IQVIA, and GENERAL ELECTRIC among others

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Healthcare Analytics Market Overview- Healthcare analytics is also known as clinical data analytics which is the branch of analysis that offers insights into patient records, hospital management, diagnosis and more providing insights on macro and micro levels. Healthcare analytics helps in providing real-time data that can help in deciding the course of future treatment of the patient.

Analytics can be used in multiple ways in today’s healthcare setting, like:

  • Operations management
  • Clinical variability (cost/quality/outcomes) assessment
  • Patient segmentation
  • Risk management
  • Population health
  • Patient monitoring

U.S. Healthcare Analytics Market is projected to register a healthy CAGR of 15.9% in the forecast period of 2019 to 2026.

The Healthcare Analytics Market report highlights the key players and the latest strategies including company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, new product launches, partnerships, joint ventures, product width and breadth, application dominance, technology lifeline curve, segmentation in terms of region and industry competition, profit and loss ratio, and investment ideas.

Segmentation: U.S. Healthcare Analytics Market

The U.S. healthcare analytics market is segmented into five notable segments such as Type, Component, Delivery Model, Application, End User and Geography. 

On the basis of type, the market is segmented into predictive analytics, descriptive analytics and prescriptive analytics. In 2019 prescriptive analytics segment is growing at the highest CAGR and expected in the forecast period of 2019 to 2026.

On 2018 , McKesson launched Health Mart Atlas, which is the largest network of high-performing community pharmacies dedicated to delivering high quality care with a personal touch

On the basis of component, the market is segmented into software, hardware and services. The services segment is sub-segmented into support services and business analytics services. In 2019, services segment is estimated to grow at the highest CAGR in the forecast period of 2019 to 2026.

On 2018, McKesson acquired RxCrossroads (Louisville, U.S.). With this acquisition McKesson has become a partner with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare to help provide medicines, medical products and healthcare services to the patients.

On the basis of delivery model, the market is segmented into on-demand and on-premise. In 2019, on-demand segment is growing at the highest CAGR of in the forecast period of 2019 to 2026.

In 2018, EPSi, Allscripts flagship budgeting, long-range planning, cost accounting and financial decision support platform, announced a partnership with MPA Healthcare Solutions.

On the basis of application, the market is segmented into clinical analytics, financial analytics, operational and administrative analytics and population health analytics. The clinical analytics segment is sub-segmented into quality improvement and clinical benchmarking, clinical decision support, regulatory reporting and compliance, comparative analytics/ effectiveness and precision health. The financial analytics segment is sub-segmented into claims processing, revenue cycle management (RCM), payment integrity and fraud, waste, and abuse (FWA) and risk adjustment and risk assessment. The operational and administrative analytics segment is sub-segmented into supply chain analytics, workforce analytics, enterprise performance, supply chain analytics, market intelligence, research analytics and strategic analytics. The population health analytics segment is sub-segmented into population risk management, population care management, patient engagement, clinical outcome management and activity-based costing. In 2019, population health analytics segment is growing at the highest CAGR in the forecast period of 2019 to 2026.

In 2018, OptumServe, the federal government health services business of Optum, was recently selected to continue to provide health services to participants in two federal health programs, building on years of successful service to first responders and the U.S. Armed Forces.

On the basis of end user, the market is segmented into healthcare payers, healthcare providers and ACOS, HIES, MCOS, and TPAS. The healthcare payers segment is sub-segmented into government agencies, private insurance companies and employers and private exchanges. The healthcare providers segment is sub-segmented into post-acute care organizations, hospitals, physician practices, and IDNS and ambulatory settings. In 2019, Healthcare Payers segment is growing at the highest CAGR in the forecast period of 2019 to 2026.

In 2018, Cerner began an EHR implementation at the five hospitals and 50 primary and specialty care clinics part of University of Missouri (MU) Health Care in Columbia. 

Key Pointers Covered in the Healthcare Analytics Market Industry Trends and Forecast to 2026

  • Market Size
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Market Supply Chain Competiveness
  • Market Infrastructure Development

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TABLE OF CONTENTS for U.S. HEALTHCARE ANALYTICS MARKET

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY 1.2 MARKET DEFINITION 1.3 OVERVIEW OF U.S. HEALTHCARE ANALYTICS MARKET 1.4 CURRENCY AND PRICING 1.5 LIMITATION 1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED 2.2 YEARS CONSIDERED FOR THE STUDY 2.3 CURRENCY AND PRICING 2.4 RESEARCH METHODOLOGY 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 2.6 SECONDARY SOURCES 2.7 ASSUMPTIONS

3 EXECUTIVE SUMMARY 4 PREMIUM INSIGHTS 5 MARKET OVERVIEW

5.1 DRIVERS

 

5.1.1 GOVERNMENT INITATIVES TO ENCOURAGE USE OF ELECTRONIC HEALTH RECORDS 5.1.2 INTRODUCTION OF NEW SOLUTIONS AND SERVICES IN HEALTHCARE ANALYTICS 5.1.3 ENTRY OF BIG DATA INTO HEALTHCARE 5.1.4 GROWING NEED TO CURB HEALTHCARE SPENDING WITH BETTER CLINICAL OUTCOMES

 

5.2 RESTRAINT

 

5.2.1 LESS NUMBER OF SKILLED PERSONNEL

 

5.3 OPPORTUNITIES

 

5.3.1 GROWING AWARENESS ABOUT ANALYTICS IN VALUE AND PRECISION BASED CARE 5.3.2 INCREASE IN CLOUD BASED ANALYTICS 5.3.3 INCREASING IMPACT ON HEALTHCARE INDUSTRY DUE TO SOCIAL MEDIA 5.3.4 RISING PATIENT REGISTRIES

 

5.4 CHALLENGES

 

5.4.1 DATA CONFIDENTIALITY 5.4.2 ISSUES IN DATA ACCURACY AND CONSISTENCY 5.4.3 DATA INTEGRATION 5.4.4 FUNCTIONING GAP BETWEEN THE PROVIDERS AND PAYERS

 

6 U.S. HEALTHCARE ANALYTICS MARKET, BY TYPE

6.1 overview 6.2 prescriptive analytics 6.3 predictive analytics 6.4 descriptive analytics

 

7 U.S. HEALTHCARE ANALYTICS MARKET, BY COMPONENT

7.1 OVERVIEW 7.2 SERVICES

 

7.2.1 SUPPORT SERVICES 7.2.2 BUSINESS ANALYTICS SERVICES

 

7.3 SOFTWARE 7.4 HARDWARE

 

8 U.S. HEALTHCARE ANALYTICS MARKET, BY DELIVERY MODEL

8.1 OVERVIEW 8.2 ON-DEMAND 8.3 ON-PREMISE

 

9 U.S. HEALTHCARE ANALYTICS MARKET, BY APPLICATION

9.1 OVERVIEW 9.2 CLINICAL ANALYTICS

 

9.2.1 REGULATORY REPORTING AND COMPLIANCE 9.2.2 QUALITY IMPROVEMENT AND CLINICAL BENCHMARKING 9.2.3 CLINICAL DECISION SUPPORT 9.2.4 COMPARATIVE ANALYTICS/ EFFECTIVENESS 9.2.5 PRECISION HEALTH

 

9.3 POPULATION HEALTH ANALYTICS

 

9.3.1 POPULATION CARE MANAGEMENT 9.3.2 POPULATION RISK MANAGEMENT 9.3.3 PATIENT ENGAGEMENT 9.3.4 CLINICAL OUTCOME MANAGEMENT 9.3.5 ACTIVITY-BASED COSTING

 

9.4 FINANCIAL ANALYTICS

 

9.4.1 PAYMENT INTEGRITY AND FRAUD, WASTE, AND ABUSE (FWA) 9.4.2 REVENUE CYCLE MANAGEMENT (RCM) 9.4.3 RISK ADJUSTMENT AND RISK ASSESSMENT 9.4.4 CLAIMS PROCESSING 9.5 OPERATIONAL AND ADMINISTRATIVE ANALYTICS

 

9.5.1 SUPPLY CHAIN ANALYTICS 9.5.2 WORKFORCE ANALYTICS 9.5.3 RESEARCH ANALYTICS 9.5.4 MARKET INTELLIGENCE 9.5.5 ENTERPRISE PERFORMANCE 9.5.6 STRATEGIC ANALYTICS

 

10 U.S. HEALTHCARE ANALYTICS MARKET, BY END USER

10.1 OVERVIEW 10.2 HEALTHCARE PAYERS

 

10.2.1 GOVERNMENT AGENCIES 10.2.2 PRIVATE INSURANCE COMPANIES 10.2.3 EMPLOYERS AND PRIVATE EXCHANGES

 

10.3 HEALTHCARE PROVIDERS

 

10.3.1 HOSPITALS, PHYSICIAN PRACTICES, AND IDNS 10.3.2 AMBULATORY SETTINGS 10.3.3 POST-ACUTE CARE ORGANIZATIONS

 

10.4 ACOS, HIES, MCOS AND TPAS

 

11 U.S. HEALTHCARE ANALYTICS MARKET, COMPANY LANDSCAPE

11.1 COMPANY SHARE ANALYSIS: U.S.

 

12 COMPANY PROFILES

12.1 ALLSCRIPTS

 

To be continued….

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