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Follow on Google News | Healthcare Analytics Market is projected to grow at a CAGR of >20% to cross $70 billion by 2025Real-time and historical data are used in healthcare data analytics to identify trends, deliver actionable insights, and improve operational, financial, and clinical performance.
Shift towards Evidence-based Care Model Data and analytics have been central to healthcare for decades. However, as the healthcare industry moves from a fee-for-service to a value-based care model, a significant change is being observed in how data is generated, aggregated, and used. Key Growth Drivers: Healthcare Analytics Market The use of healthcare analytics is expected to spread quickly around the globe due to its potential to lower treatment costs, predict disease outbreaks, avoid preventable illnesses and improve the overall quality of care and life of patients. Key Challenges: Healthcare Analytics Market Healthcare data security and patient privacy issues, unstructured/ Explore Premium Report Healthcare Analytics Market on @ https://meditechinsights.com/ On-premise Model still Prevailing "Cloud offer a flexible, scalable environment at a lower cost than on-premise deployments but still majority of healthcare analytics solutions are currently implemented on-premise due to security, control and privacy reasons. However, the trend is towards hybrid cloud storage model." - Founder, Executive Chairman, Healthcare Analytics Company, US Competitive Landscape Analysis of Healthcare Analytics Market The global healthcare analytics market is fragmented with no clear leader. Some of the key players having a strong foothold in the global healthcare analytics market include IBM, Optum, Cerner, SAS Institute, Allscripts, Change Healthcare, MedeAnalytics, Inovalon, Oracle, Health Catalyst, SCIO Health Analytics, Cotiviti, VitreosHealth, Dedalus, LOGEX, Clanwilliam Group, Evolucare and Clinithink. End
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