How Can Healthcare Analytics Drive Profits In Your Business?

1
How Can Healthcare Analytics Drive Profits In
Your Business?
2

• Healthcare industry has seen tremendous shifts
  with the way the adoption of technologies,
  innovation, and dynamic environments are shaping
  up. In this shift, healthcare stakeholders need
  to invest and examine real-time results or
  improvements proactively.
• Healthcare Analytics has now started to act as a
  catalyst between this dynamic environment and
  stakeholders expectations. It focuses on
  offering an insight into hospital management,
  patient records, costs, diagnostics, and others.
  It covers a broad area of the healthcare industry
  by providing industry insights both at macro and
  micro level. Healthcare Analytics enables all the
  managers to optimize their productivity by
  providing real-time information which can support
  decisions and deliver actionable insights. It
  allows an examination of patterns in various
  healthcare data to determine the improvements in
  clinical care and spending. It helps to interpret
  data and inform future interactions with the
  patients and the healthcare providers. Its
  applications include a collection of decision
  support technologies for various healthcare
  experts providers, which include physicians,
  nurses, healthcare policymakers, and pharmacists
  to collect market insights, which enables them to
  make smarter and faster decisions. This industry
  focuses more on the areas of clinical analysis,
  claims, pharmaceuticals research, and patients
  behaviour. Must Read Healthcare Industry
  Insights- Global Perspective by ExpertsConsult

3

• Industry Landscape
• The main objective of healthcare analytics
  involves gathering informed healthcare decisions.
  It also involves gathering actionable insights
  from the set of patients data. It is used widely
  as the most effective approach to improve
  healthcare delivery amongst the diverse group of
  people. Continuous changes in the dynamics of the
  healthcare industry and the need for delivering
  healthcare services at a reduced cost is creating
  a high demand for healthcare analytics. Various
  types of healthcare analytics are descriptive
  analytics, predictive analytics, and prescriptive
  analytics. Descriptive analytics accounted for
  the largest market share in 2018 and is expected
  to dominate the market during the forecasted
  years. Rising government initiatives and
  increasing focus on personalized medicines, and
  healthcare management services are driving the
  demand for healthcare analytics in the North
  America region.
• Top players of healthcare analytics include IBM,
  Wipro, Oracle, Allscripts, MedAnalytics, and
  others.

4

• Offering Healthcare Analytics Expert
•  
• Healthcare analytics are experts in the area of
  demand forecasting for medical devices, six
  sigma, project management, predictive and
  descriptive analytics, and others. They are
  highly proficient in analytical skills such as
  SQL, R, and SAS. These industry experts are
  involved in competitive analysis, sales and
  market analysis, developing an understanding of
  segments and patient profile requirements,
  analyzing real-world data, and build segment
  profiles and insights. They specialize in
  delivering services through structured project
  management and appropriate documentation for the
  client. Must Read How internet of things is
  driving the economic growth in every industry?

5

• Experts Insights
•  
• Experts advice help you to gather market
  insights, market opportunities, and market size
  of healthcare analytics. According to a Market
  Research Head, The Global Healthcare Analytics
  Market is anticipated to reach a value of USD50.5
  Bn by 2024, owing to an increase in venture
  capital investments, healthcare spending, and the
  need for offering quality healthcare services.
• Healthcare Analytics concept helps all
  pharmaceutical industry to identify events long
  term outcomes and build a strong relationship
  with the patients and vendors. It allows
  hospitals by reducing the cost of analytics by
  creating an easy to use analytics platform.
  Identifying and preventing medical errors is the
  primary application of healthcare analytics