Atlantic Health: Healthcare Analytics Trends

Monday, February 21, 2022

Healthcare Analytics Trends

Healthcare analytics industry is characterized by innovative product developments and mergers acquisitions. The patient experience will improve dramatically including quality of treatment and satisfaction levels.

How Big Data Analytics Underpins Every Healthcare Trend

Technological advancements adoption of analytics for sales marketing applications increasing prevalence of chronic diseases and growing pressure to reduce healthcare.

Healthcare analytics trends. Healthcare analytics is the process of analyzing current and historical industry data to predict trends improve outreach and even better manage the spread of diseases. The overall health of the population can also be enhanced on a sustainable basis and operational costs can be reduced significantly. Health systems have more opportunity than ever before to leverage data and technology to deliver the best care to all patients no matter where they live.

Extensive analysis of market trends During 2020-2025 to identify growth opportunities and market developments. 10 top data and analytics trends for 2019 Health Data Management. Key Players OptumHealth.

And innovations ranging from precision medicine to value-based care to population health management. 57 of executives providers and payers forecast predictive analytics will save their organization 15 or more over the next 5 years with 26 forecasting saving 25 or more over the next five years. Trends in the Healthcare Big Data Analytics market that are influencing key players business strategies.

The leading vendors in the healthcare analytics market are projected to invest in advanced data analytics and computing in order to reap benefits existing industry trends. Additionally a 2016 Accenture survey found that 54 percent of healthcare consumers want to interact more with providers through apps on their smart phones. Healthcare analytics combines real-time and historical data analysis to predict trends show actionable insights and drive long-term growth.

Health care analytics is growing in importance fueled by health industry stakeholders thirst for information. Winning strategies of key drivers that are helping them consolidate their position in the Healthcare Big Data Analytics market. The significant benefits of big data analytics are expected to stimulate healthcare analytics industry which is reportedly slated to cross a revenue of USD 16 billion by 2024 with a CAGR estimation of 12 over 2017-2024.

The field covers a broad range of businesses and offers insights on both the macro and micro level. Nevertheless Jeff Terry and Ian Worden C-level executives at their respective health. The technological developments enabling information sharing and improved compliance to Health Insurance Portability and Accountability Act HIPAA patient data confidentiality standards will expand market growth.

The need to manage large diverse data sets. In a separate report Accenture research revealed that by late 2019 66 percent of health systems will offer digital self-scheduling and 64 percent of patients will use it. Top Healthcare Trends from 2019 Trend 1.

The Affordable Care Act. The healthcare analytics market is expected to register a CAGR of nearly 185 over the forecast period with estimated market size of USD 13525 million in 2020 and it is expected to reach 45450 million by 2026. A 2017 survey by the Society of Actuaries looked at the trends in use and future use of predictive analytics in healthcare.

Many healthcare organizations 47 percent are already using predictive analytics and the majority of them 57 percent believe that predictive analytics will save the organization 25 percent or more in annual costs over the next five years according to a recent report by the Society of Actuaries. Augmented analytics continuous intelligence data fabric and persistent memory servers will drive advanced analytics adoption. All in all weve noticed three key trends through these 18 examples of healthcare analytics.

Predicting what might happen in the dynamic world of healthcare is risky business particularly in a world where technological advances and efficient cost-effective data-driven care often bump up against institutional resistance politics and patient privacy concerns. The global healthcare analytics market size was valued at USD 259 billion in 2019 and is expected to grow at a Compound Annual Growth Rate CAGR of 75 from 2020 to 2027. The ACA was enacted in March 2010 and was still one of the top 2019 healthcare trends.

Augmented intelligence big data price transparency consumerism generational differences and growth in outpatient care are key healthcare trends in 2020.

Healthcare Analytics Market 2019 Upcoming Trends And Global Forecast To 2025