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Healthcare Analytics Enters New Frontier of Value-Based Care

KLAS reports on how the healthcare analytics market is changing in the new paradigm of value-based care.
    OREM, UT, April 24, 2014 /24-7PressRelease/ -- Amid the shift toward value-based care, providers' analytics needs are drastically changing, resulting in vendors rushing to the market with a wave of new products, including more targeted solutions. This according to the most recent KLAS report, Healthcare Analytics Perception 2014 Analytics for Value-Based Care--A New Paradigm.

The healthcare analytics market is bursting with vendors, giving providers more options than ever before. In fact, in this perception study, providers mentioned a staggering 87 different vendors being considered for BI/analytics in value-based care. To that point, no single vendor was mentioned more than 7% of the time. In this report, KLAS makes sense of the growing vendor crowd and provides insights into the most-considered vendors.

"Business intelligence and analytics have gone from a 'nice-to-have' to a 'must-have' in today's challenging healthcare environment," said Joe Van De Graaff, report author. "To fulfill short-term analytics needs, many providers report shifting more consideration to vendors with healthcare-specific solutions. However, a clear market leader has yet to emerge."

KLAS spoke to more than 100 healthcare providers to capture which vendors they are considering and in which specific arenas. Cross-industry BI/analytics vendors discussed in this study include Dimensional Insight, IBM, Information Builders, Microsoft, Oracle, SAP, SAS, and Tableau. Healthcare-specific/niche vendors discussed in this study include Advisory Board, Explorys, Health Catalyst, Optum, Premier, and Truven Health Analytics. EMR (large HIT) vendors include Allscripts, Cerner, Epic, McKesson, and Siemens. For more information about this study, Healthcare Analytics Perception 2014 Analytics for Value-Based Care--A New Paradigm visit KLAS online at www.KLASresearch.com/KLASreports.

About KLAS
KLAS is a research firm on a global mission to improve healthcare delivery by enabling providers to be heard and counted. Working with thousands of healthcare professionals and clinicians, KLAS gathers data on software, services, medical equipment and infrastructure systems to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. Follow KLAS on Twitter at www.twitter.com/KLASresearch.


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