Healthcare Analytics Industry

Flourishing demand for Healthcare Analytics Industry


Health care analytics is the analysis of health care that can be performed as a result of data collected from four areas of health care. Claims and cost data, data on pharmaceuticals and research and development (R&D), clinical data (from electronic patient records (EHRs)) as well as data on patient behavior and mood (behavior and preferences of patients (retail purchases, e.g. data, tracked in ongoing business) Health Care Analytics is a growing industry in the United States that is projected to grow to over $ 31 billion by 2022. The industry is focused on clinical analysis, financial analysis, supply chain analysis, and marketing, fraud and Personnel analysis.

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Some of the key players of Healthcare Analytics Industry:

Verisk Analytics, Oracle, IBM, Allscripts Health Solutions, Health Catalyst, MedeAnalytics, Cerner, Optum, McKesson, SAS Institute, Inovalon

Healthcare analysis enables the examination of patterns in various health data to determine how clinical care can be improved while limiting excessive spending.

Several federal agencies are heavily involved in health IT. Within the executive branch, the administration itself, the Centers for Medicare and Medicaid Services (CMS), and the Office of the National Health Information Technology Coordinator (ONC) all have strategic plans and are involved in setting regulations. Within the legislature, several committees in the House and Senate hold hearings and discuss the use of data and technology to reduce costs and improve health outcomes.

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