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Accountable Care and Value-Based Purchasing Drives Adoption of Advanced Solutions for Health Data Analytics, Finds Frost & Sullivan
Date:8/16/2012

ate tools and capabilities needed to turn clinical data into insight. Accordingly, the market for advanced health data analytics in U.S. hospitals is relatively nascent, with only a 10 percent adoption rate as of 2011. However, as the EHR market matures, hospitals will increasingly turn their attention to building out their capabilities in advanced analytics. They recognize that traditional approaches to providing patient care, measuring quality, and containing costs are inefficient to keep pace with the many emerging challenges.   

"Hospitals will increasingly invest in advanced data analytics solutions to monitor end-to-end care delivery across a variety of settings," said Frost & Sullivan Connected Health Principal Analyst Nancy Fabozzi.  "Due to growing competitive pressures, hospitals need to provide comprehensive reporting on performance and quality measures to a variety of stakeholders. Advanced analytics capabilities are absolutely critical for survival–there is no way to avoid it."

The U.S. Hospital Health Data Analytics Market research examines key trends and issues affecting the market for health data analytics in hospitals, including a review of market challenges, drivers and restraints through 2016.  The comprehensive research also analyzes the impact of recent legislative mandates on the implementation and usage of IT, including brief profiles of technology vendors serving the market as well as growth forecasts for adoption. It addresses the needs of a range of market participants, including large and small IT vendors across the healthcare ecosystem in addition to payers, providers, consultants, policy makers and others in need of a better understanding of this new and important trend.

This research service is part of the Connected Health Growth Partnership Service program, which also includes research in the following markets: health information exchange, health data analytics, emerging wireless tech
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SOURCE Frost & Sullivan
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