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(Medical-NewsWire.com, February 22, 2016 ) Healthcare analytic is used to improve the performance of healthcare organization by enhancing quality care, meeting regulatory compliance and for prevention of chronic diseases. Increasing focus on value based medicine is expected to support the growth of healthcare analytic market in the coming years.
Explore more or request TOC on Global Healthcare Analytics (Medical Analytics) Market at: https://www.psmarketresearch.com/market-analysis/healthcare-analytics
In addition, massive unexplored market in analytics industry of developing economies are creating ample opportunities for the healthcare analytics market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are supporting to address the demand for healthcare in the healthcare analytics industry.
On the basis of application of healthcare analytics, the market can be categorized as clinical analytics, operational and administrative analytics, and financial analytics. The clinical analytics is expected to grow at the fastest rate in the coming years. The clinical analytics are further categorized as population health management, precision health, clinical decision support (CDS), cost and quality improvement, reporting and compliance, and comparative analytics. Similarly, financial analysis includes revenue cycle management (RCM), risk adjustment and assessment, claims handling, and payment integrity and fraud analytics. Whereas, the operational and administrative analytics include workforce analysis, strategic analysis and supply chain analysis.
On the basis of type of healthcare analytics, the market can be categorized as prescriptive analysis, descriptive analytics, and predictive analysis. Descriptive analytics lead the healthcare analytics market, by type. Moreover, on the basis of component of healthcare analytics, the market can be categorized as hardware, software and services. The healthcare analytics market can be categorized on the basis of end users as healthcare payer, healthcare providers and others. And on the basis of delivery mode the healthcare analytics, the market can be categorized as on-premise and on-demand.
Geographically, North America will be leading the global healthcare analytics market in the coming years due to increasing demand for better clinical outcomes. Asia-Pacific is the fastest growing region in the global healthcare analytics market. The major reasons for the fastest growth in the region are increasing healthcare expenditure and large pool of patients in the region. Moreover, the healthcare analytics market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.
Browse related market research at: https://www.psmarketresearch.com/industry-report/healthcare
Some of the companies operating in the healthcare analytics market are Allscripts Health Solutions, IBM Corporation, Oracle Corporation, Verisk Analytics, Inc., Truven Health Analytics, Inc., Cerner Corporation, Optum, Inc., SAS Institute, Inc., Mckesson Corporation, Health Catalyst, Inovalon, Inc., Truven Health Analytics, Inc., and Medeanalytics.
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Source: EmailWire.Com 
Source: EmailWire.com
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