Healthcare Financial Analytics Market | Top Key Companies (IBM, CERNER, MCKESSON CORPORATION, MEDASSETS, OPTUM, ORACLE, SUTHERLAND HEALTHCARE SOLUTIONS) | Foreseen Till 2023

The healthcare financial analytics market is expected to register a CAGR of 24.5%, during the forecast period, 2018 to 2023. North America dominates the market due to growing market of big-data analytics.

Get your sample report now @ https://marketprognosis.com/sample-request/17048
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Emergence of Big Data in the Healthcare Industry to Boost the Market growth
Big data analytics is the fast emerging topic in the healthcare analytics. The emerging blend of Bioinformatics and Health Informatics has encouraged research in all the healthcare segments, such as target drug, personalized medicine, and clinical decision support and population health management. The demand for big data analytics integrates most recent innovation in machine learning, logical methodologies, computational intelligence and data mining. Many of the healthcare experts including payers, providers are now starting to analyze big data to obtain detail knowledge, even though these efforts are still in the early stages, this efforts would collectively help to tackle the industry related problems regarding inconsistency in healthcare quality and escalating healthcare expenditures. The improvement in the quality of people's daily health and life activities as well as big data analytics to support and promote such research activities are some of the factors driving the market growth. Additionally, demand of better claims and revenue management system in healthcare, growing awareness for digital technologies, and technological advancements making data handling easy are further driving the market growth.

Key Developments in the Market
June 2017: IBM launched the first suite of cognitive solutions to help financial institution professionals manage their regulatory and fiduciary responsibilities

Major Players:
IBM, ALLSCRIPTS HEALTHCARE SOLUTIONS INC., CERNER, GRAY MATTER ANALYTICS, MCKESSON CORPORATION, MEDASSETS INC., OPTUM, INC., ORACLE, SUTHERLAND HEALTHCARE SOLUTIONS, VERISK ANALYTICS, amongst others.

Get Discount on this report @ https://marketprognosis.com/discount-request/17048
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

High Costs of Investment
Health IT investments have accelerated as providers seek to mine data to meet quality and cost targets under new value-based payment models, such as accountable care contracts. This has heightened demand for professionals capable of leading sophisticated data-analysis programs that identify waste and find opportunities to improve the health of enrolled populations. However, the software used for such analytics cost hugely to the end users which is the major restraining factor of the market. Also, the lack of properly trained IT professionals in Healthcare may lead to slow growth of this market.

North America to Dominate the Market
North America dominates the healthcare financial analytics market, owing to high requirement of management of big data generated from the healthcare data from hospitals and other healthcare facilities. Technological advancement in analytics and growing popularity of software in management of data as it is more efficient and reduces the use of manpower in the region leading to growing adoption of healthcare financial analytics.

For More Information, Please Visit @ https://marketprognosis.com/enquiry/17048
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.