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Our extensive research for this report uncovered a market wherein today’s leading analytics applications are beginning to address broader needs than just VBC. This is causing greater separation in the relative capabilities of vendor solutions in the market today, with some vendors still primarily focused on VBC and care management needs, while others move to address EPM.
Analytics Across the Continuum
This comprehensive report provides an overview of the market for provider enterprise analytics and evaluates offerings from 23 vendors. It finds that vendor offerings mirror EHR penetration. Providers in acute and ambulatory settings have many choices for analytics across multiple use cases. Providers in post-acute settings and others with low-EHR penetration have relatively fewer choices.
Vendors Profiled: Allscripts, Arcadia.io, athenahealth, CareEvolution, Cerner, Change Healthcare, eClinicalWorks, Epic, Forward Health Group, Health Catalyst, HealthEC, IBM Watson Health, Innovaccer, Lightbeam, MedeAnalytics, Medecision, MEDITECH, NextGen, Optum, Philips, SCIO Health Analytics, SpectraMedix, and SPH Analytics.
Report Length: 72 pages
Retail Price: $6,000 (10% discount automatically applied for Healthcare Scene readers)
Preview the table of contents, executive summary, and the first page of market analysis:
More about the report:
Traditional and Advanced Analytics
This report characterizes current analytic solutions as either “mainstream” or “advanced.” Most HCOs have experience with mainstream analytics – applications that characterize and summarize current performance. While the underlying technology and general approach is well-established, mainstream analytics has yet to supply a robust predictive insight and prescriptive guidance; for that, HCOs are looking at advanced analytics.
Advanced analytics consists of interrelated technologies, the most common of which are artificial intelligence/machine learning, natural language processing (NLP) and extraction, and big data technologies. These technologies and techniques, while not widely deployed in healthcare, are all used to varying degrees by most of the vendors profiled in this report. The expectation is that as these technologies mature, advanced analytics will offer more accurate predictive and prescriptive capabilities.
Moving Applications from Descriptive to Prescriptive
Vendors were compared on a specific set of consistent product capabilities and market execution metrics. To provide a detailed basis for comparing the offerings of different vendors, we broke down analytics functionality into the following categories:
- Clinical and Claims Data Contribution, Other Data Contribution , Analyst and Developer Support, Scope of Applications, Benchmarks, Care Management , Clinical Quality, Cohort Discovery, Registries, Healthcare Costs, Risk, Network Analytics, Predictions, Utilization, Operations, User Support, Self-service Analytics, and Application Design
We defined the following categories as appropriate metrics to compare vendors on market execution:
- Market Vision, Extensibility and Engagement, Complimentary Services, Market Momentum.
To learn more about this report, please contact John Moore with any questions.
UPDATE: The companion report on payer analytics is available now! Inquire for package pricing.
Subscribers of the Chilmark Advisory Service can also access this report through their client portal.
Lead author Brian Murphy also hosted a webinar presenting and discussing some of the report’s key findings.
