Healthcare Analytics Market 2020: Technology, Innovation, Development, Industry Analysis, Size, Share, and Growth Analysis To 2026| IBM, Wipro Limited, Allscripts, Cerner, Health Catalyst, Inovalon, McKesson, MEDEANALYTICS

Global Healthcare Analytics Market Synopsis 2020-2027: 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 futuKre treatment of the patient.

For the growth of business, Healthcare Analytics Market Analysis report has a lot to offer and hence it plays a very important role in growth. It describes thorough study of current situation of the global market along with several market dynamics. Being a premium market research report, Healthcare Analytics report works as an innovative solution for the businesses in today's revolutionizing market place. This market document gives the best outcome because it is structured with a nice blend of advanced industry insights, practical solutions, talent solutions and latest technology. Global Healthcare Analytics market report takes into account plentiful aspects of the market analysis which many businesses demand.

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Analytics can be used in multiple ways in today's healthcare setting, like:
o Operations management
o Clinical variability (cost/quality/outcomes) assessment
o Patient segmentation
o Risk management
o Population health
o 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.

Healthcare Analytics Market 2020 Report puts a light on various factors that have direct or indirect effect on the growth of business which includes historic data, present market trends, share, trends environment, technological innovation, upcoming technologies and the technical progress in the Healthcare Analytics industry.

Competitive Analysis:

The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as 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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Highlights of the Report

o The report offers a 360-degree overview of the Healthcare Analytics Market, primarily emphasizing on growth drivers, restraints, market trends, size, share, growth, challenges, new recent developments and opportunities of the market.

o It provides elaborative information about the competitive landscape of the market, names of market vendors, market segmentation on the basis of application, type, and others, and current logging-while-drilling market trends and industry developments.

o The report also throws light on strategies such as company collaborations, mergers and acquisitions, production analysis, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations and up-gradation of the older versions, investments in research and development, and other strategies adopted by the market players.

The Major Players Covered In The Healthcare Analytics Market Report 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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Product Launch:
o In 2018, Medtronic plc and its strategic technology partner, IBM Watson Health, announced commercial availability of the Sugar.IQ smart diabetes assistant, a first-of-its-kind intelligent app designed to simplify and improve daily diabetes management
o In April, Inovalon announced the launch of Clinical Data Extraction as a Service (CDEaaS) and Natural Language Processing as a Service (NLPaaS), two new offerings of the Inovalon ONE(TM) Platform
o In 2017, VitreosHealth Launched AI-Driven, High-Impact, Digital Member Engagement Solution. This Digital Engagement Service amplifies care management impact to reach more patients at the right time.
o In 2018, SAS for Containers was launched . This will help IBM Watson Health to expand their product portfolio and become a strong market player.
o In 2018, ExpressCoverage has been launched by McKesson Specialty Health and CoverMyMeds (divisions of McKesson Corporation). This is an Integrated eServices platform designed to improve the patient care journey. ExpressCoverage is a new and powerful patient provision platform that will help consumers to connect patients, providers, payers and the life science industry to facilitate patient access and adherence for improved outcomes.

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.

Global Healthcare Analytics Market reports provides 5 year pre-historic and forecast for the sector and include data on socio-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization.

Reasons for Buying this Report

o This report provides pin-point analysis for changing competitive dynamics
o It provides a forward looking perspective on different factors driving or restraining market growth
o It provides a six-year forecast assessed on the basis of how the market is predicted to grow
o It helps in understanding the key product segments and their future
o It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
o It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
o It provides distinctive graphics and exemplified SWOT analysis of major market segments

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The Healthcare Analytics report has been produced with the systematic gathering and analysis of information about individuals or organizations conducted through social and opinion research. With the studies, insights and analysis mentioned in the report, you get comprehensible idea about the marketplace with which you can take business decisions quickly and easily. The worldwide Healthcare Analytics advertise report comprises of all the organization profiles of the key players and brands. Market definition covered in this Healthcare Analytics report studies the market drivers and market restraints with which businesses can get idea of whether to increase or decrease the production of a particular product.

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.

o 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.

o 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
o 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.

o 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.

o 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.

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

o 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.

o 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.

o 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.

o 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.

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