Market
Highlights
Practice
analytics is one of the effective tools, used for keeping records and analysis
of data that are collected. Increasing use of internet and more and more
information going online, are together creating an easy way for analysis.
Increasing small and mid-sized healthcare firms will directly increase the
growth of this market. Educating and creating initiatives about digitalization
in software based analysis methods also leads to the growth of this market.
Moreover, initial cost of software which is used and technically easy way to
support the data and summaries is low and increasing demand for IT departments
in healthcare industry will increase the growth of the market.
However,
all personal data stored online and accessible through internet may hinder the
growth of this market.
Segmentation
Global
practice analytics market is segmented on the basis of its module type and
application. On the basis of module type, it is segmented into clinical module,
front office module, and business module. On the basis of application, it is
segmented into standard reports, graphical user interface design, SQL database
and others.
Regional
Analysis
On
regional basis, this market is segmented into America, Europe, Asia Pacific
& Middle East and Africa. America dominates a major share of this market as
government is backing more research and development in the information
technology sector. Recent advances in IT and its numerous uses in healthcare
domain has boosted the growth of this market. Europe accounts for the second largest
market owing to increasing research and development and well-established
healthcare sector. Asia Pacific is the fastest growing market due to the
presence of huge opportunities in the market and the continuously increasing
demand for better healthcare software’s. However, the Middle East & Africa
has the least market share due to not much developed healthcare industry.
Among
numerous players, top players of the global practice analytics market are
Accenture (US), AGS Health, Inc. (India), Practice Analytics (US), Greenway
Health, LLC (US), MediSys (US), Cardinal Health (US), McKesson Corporation
(US), Harris digiChart (US), Meditab (US), UroGPO (US), Global Health
Management Services (US), IBM and KNIME (Switzerland).
Accenture
is one of the leading health care solution providers. It provides health
insights, healthcare data management and analysis. Additionally, the
company operates in three major domain which includes digital health,
operational transformation and health consumerism. Accenture developed robotics
process automation for operational improvements of health insurance domain.
AGS
health is one of the leading provider of medical billing, medical coding and
business analytics services in leading healthcare domain. Moreover, it has tie
ups with blue chip users, which includes large health systems & hospital
corporations, physician groups, academic medical centers, billing companies,
revenue cycle management companies, coding companies and providers of other
healthcare services.
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