Over the course of the forecast period, it is anticipated that the worldwide burden of chronic diseases would increase, spurring demand for predictive analytics in healthcare. Healthcare predictive analytics can be used to enhance disease management, get insight into the progression and spread of diseases, and ensure that patients receive the best possible care. For instance, according to the World Health Organisation (WHO), chronic diseases are the main global causes of mortality and disability. During the predicted time range, the market for healthcare predictive analytics is expected to be driven by the need for greater efficiency in the healthcare sector. For example, predictive analytics can improve the efficiency of staff employees and other resources in the healthcare sector. Health Catalyst, Inc. indicated that the new Healthcare would appear in March 2021.The goal of AI. Healthcare is to solve the revenue, cost, and quality opportunities and challenges facing the healthcare sector.The AI suite of augmented intelligence products and services will significantly broaden the use cases and practical applications of AI in healthcare.
According to the Coherent Market Insights, The market for Healthcare Predictive Analytics was estimated at US$ 2,730.2 million in 2021 and is anticipated to grow at a CAGR of 9.8% from 2022 to 2028 to reach US$ 5,235.6 million.
Major Players in the Healthcare Predictive Analytics Industry:
1. Optum, Inc.
The company was started in 2011 and is based in Eden Prairie, Minnesota, U.S. The business offers services in health technology. The Company provides revenue cycle and population health management, data and analytics, healthcare delivery, information technology, and financial services. Atrius Health, a private, physician-led healthcare organisation, is acquired by Optum in May 2022.
2. Health Catalyst
The firm was established in 2008 and is located in South Jordan, Utah, and United States. The business creates, develops, and provides hospitals with operational, financial, clinical, and research data management software solutions. Healthcare organisations can obtain data and analytics technologies and services from Health Catalyst Inc.
3. Allscripts Healthcare Solutions
The company was founded in 1986 and is based in Chicago, Illinois, U.S. The business offers practise management and electronic health record technology to hospitals, healthcare organisations, and medical practises. Allscripts Unveils New App Expo in March 2022 to Display a Wider Variety of Integrated Solutions.
4. Medeanalytics, Inc.
The business was founded in 1993 and is located in Emeryville, California, United States. To enhance financial, operational, and clinical outcomes, MedeAnalytics offers performance management solutions throughout the healthcare system. For HEDIS® Certified MeasuresSM and HEDIS® Quality Benchmarks, MedeAnalytics Expanded Quality Management Solution with NCQA will launch in February 2020.
5. Mckesson Corporation
The company was started in 1833 and has its main office in Texas, United States. The Corporation sells medications, medical-surgical equipment, and items for personal care and beauty throughout North America. McKesson also provides payers with patient, care management, and analytic solutions. The most technologically sophisticated healthcare distribution centre in the world was opened by McKesson in Jeffersonville, Ohio, in October 2022.
6. Oracle Corporation,
The company was founded in 1977 and is based in Austin, Texas, United States. The business offers enterprise information management software. The company provides enterprise business applications, application development and decision support tools, relational databases, and relational servers. The purchase of Cerner, a provider of health information technology, was announced by Oracle on December 20, 2021.
7. Cerner Corporation
The company was founded in 1979 and is based in North Kansas City, Missouri, United States. Healthcare solutions are offered by Cerner Corporation. The company offers hardware, software, and services related to health information technology. Oracle Corporation announced a deal to purchase Cerner for about $28.3 billion on December 20, 2021.It was finalised in June 2022.
Definition: Healthcare analytics is the effective application of information and pertinent business insights created via the use of analytical models, including predictive, subjective, intellectual, and other models. By predicting the need for emergency care or the likelihood of a dangerous ailment before it manifests, predictive models can aid in maintaining patients' health.
