I am happy to announce that the long labors of our Analytics analyst, Cora Sharma, have come to fruition with the release today of our newest report: Analytics for Population Health Management Market Trends Report. This report takes a significantly different look at this rapidly evolving market from last year’s report, whose primary focus was clinical analytics.
Since last year, we have uncovered a market that still is heavily dependent on claims data for analysis – thus the change in title. While claims data will never completely go away and is in high use today due to immaturity in use of clinical data (we found some serious issues remain with clinical data quality), we do foresee a migration to clinical datasets, but this migration will occur over many years.
We also found a market that is currently seeing strong adoption of niche, best-of-breed solutions. These solutions, while offering [relatively] short implementation timeframes and time to value, are also solutions healthcare organizations tend to grow out of after only a few years. Some of the more innovative best-of-breed vendors that continue to aggressively invest in development have stayed ahead of the curve. Others, less so.
And best-of-breed vendors are keeping a watchful eye on their biggest potential threat, EHR vendors. EHR vendors have the gateway into clinician workflow and are an obvious candidate to provide clinical decision support at the point of care based on data-driven analytics. While EHR vendors have this somewhat obvious advantage, they have not capitalized upon it and by and large, their solutions remain immature in comparison to their best-of-breed brethren. But the EHR behemoths seem to have awoken, in comparison to last year’s report, with some of the leading EHR vendors moving aggressively to provide their customers with analytics solutions to enable their PHM strategies.
Here’s a link to the press release if you wish to read more about this report which provides an extremely thorough analysis of the market, where it is trending, and how 19 vendors with leading market mind-share stack up against one another.