MOUNTAIN VIEW, Calif., Aug. 16, 2012 /PRNewswire/ -- The new era of health data analytics differs from the traditional business intelligence solutions utilized by hospitals to perform retrospective analysis. Advanced health data analytics encompass a more holistic approach whereby clinical data emerging from the growing adoption of electronic health records (EHRs) is combined with financial and administrative information so that a more well-rounded view of the quality and efficiency of patient care is presented for enhanced strategic decision-making. These new data analytics solutions include progressive real-time and predictive techniques, often provided by web-based systems that aggregate disparate data across diverse care settings.
New analysis from Frost & Sullivan's (http://www.healthcareIT.frost.com) U.S. Hospital Health Data Analytics Market research finds that the adoption of advanced health data analytics in U.S. hospitals will increase significantly over the next five years. In fact, Frost & Sullivan predicts that the usage of advanced health data analytics solutions in hospitals will grow significantly from 2011 to 2016, increasing from the baseline 10.0 percent adoption to 50.0 percent adoption in 2016. This represents a 37.9 percent compound annual growth rate and an increase of 400 percent over the baseline. Growth is expected to be driven by a combination of changes brought on by the increased use of EHRs.
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Today, many hospitals are still focused on laying the groundwork for their EHR systems and thus lack the appropri
|SOURCE Frost & Sullivan|
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