Last Updated | December 15, 2022
Executive Summary – Healthcare Data Analytics Software
Selecting the best vendor and solution can be challenging; it frequently involves extensive research and considerations beyond the solution’s technical capabilities. We’ve profiled some of the top healthcare data analytics software to make your search a little easier in this article.
Overview – Healthcare Data Analytics Software
The modern healthcare industry generates massive data, which is often much more complex and sensitive as compared to data from other sectors. To be able to extract insights from this highly complex data, healthcare institutes need powerful and dedicated analytical software that is able to process, and analyze that complex data and perform various analytical modeling like predictive, comparative, and cognitive modeling. All of these powerful analytical capabilities are required to thoroughly analyze the complex healthcare data to reveal insights, as well as, predict the best course of action.
Healthcare data analytics software is dedicatedly developed to handle the complex data from the healthcare industry, as a means to improve the quality of healthcare services, as well as, to minimize the costs of the medicinal procedure. This software come with powerful healthcare data analytics tools to effectively handle all challenges pertaining to the healthcare industry, as well as, offer real-time analytics to doctors, physicians, and other paramedic staff as a means to assist them in improving the quality of the digital health practice.
The healthcare data analytics software is able to understand the complex data patterns from the data, giving real-time actionable insights to assist healthcare practitioners to make well-informed and fact-based practice decisions; improving the operational and financial performance of clinics and hospitals. Over the past few decades, there’s been a massive surge in the implementation of rigorous and advanced healthcare data analytics tools in the sector, as a means to improve the quality of the practice and comply with complex regulatory requirements.
Keeping in view the high demand for healthcare data analytics software, many vendors are offering dedicated analytical tools for the industry. In this blog, we have listed some of the top vendors offering healthcare analytical solutions in the market.
3 Reasons Why Your Healthcare Organization Needs Data Analytics
Data Analytics Software And Services Free Demo by Folio3 Healthcare
Based in Silicon Valley, Folio3 is known for its expertise and experience in offering state-of-the-art analytical solutions to different businesses. Founded by MIT graduates, Folio3 has become one of the biggest technological solution providers in the USA and abroad.
The company has established its expertise as a healthcare data analytics solution provider by developing multiple healthcare business intelligence solutions, which are powered by leading technologies including Artificial Intelligence (AI), Machine Learning (ML), Big Data, Natural Language Processing (NLP), and more. The healthcare data analytics solutions offered by the company come with intuitive and interactive interfaces and dedicated customer support solutions, enabling healthcare institutions to leverage the complete potential of these advanced analytical solutions. The company has already developed various customized healthcare data analytics systems for some of the leading hospitals across different countries.
SPSS – IBM Healthcare Data Analytics Software
IBM doesn’t need much introduction when it comes to developing high-tech technological solutions. The NewYork-based company was founded back in 1911, and since then it has remained the leading tech company offering state-of-the-art technology solutions across all sectors and industries. IBM operates five distinct business segments including; technology services & cloud platforms, cognitive solutions, systems and global financing, and global business services. SPSS Software is a dedicated analytical technology solution by IBM that is meant to give healthcare institutions powerful analytical tools to improve their workflow processes & healthcare quality, while also increasing the productivity of the institutes. IBM SPSS solution for healthcare analytics comprises advanced tools and features that are able to perform predictive, prescriptive, and descriptive analytics, thereby greatly improving the capacity of healthcare practitioners and institutes to offer integrated and end-to-end solutions.
The company maintains a well-established and extensive geographical presence across Asia, Europe, and the Americas.
Flatiron Healthcare Data Analytics Tool
Flatiron may be a relatively new name as compared to IBM, however, one look at the investors backing the company reveals that the business is supported by the likes of Google, Ventures, and Altos. Flatiron has been able to make its mark in the healthcare data analytics software industry in a short span of time, becoming a key player in the industry. At present, the company maintains a strength of almost 500 employees working to develop an integrated and robust data analytics solution for the healthcare industry. The healthcare data analytics tools offered by the company are already used by healthcare institutes to manage the data of over two million patients. Flatiron is also one of the leaders when it comes to technology solutions for oncology.
Digital Reasoning Systems for Healthcare Analytics
Digital Reasoning Systems is yet another noticeable player in healthcare data analytics software that has made its mark in a relatively short span of time. Recently, the company has undergone a partnership with the Hospital Corporation of America (HCA), which boosts its stature as a premium healthcare analytics solution provider in the country. “Synthesis” is the company’s signature healthcare solution that leverages the power of Artificial Intelligence (AI) and Natural Language Processing (NLP) to offer healthcare institutions powerful tools to analyze and process complex patient records easily.
Ayasdi – AI for Healthcare Analytics
Ayasdi is a well-established technology player that is already serving various Fortune Global 500 businesses. In 2015, the company was declared “The Technology Pioneer” by the World Economic Forum, establishing the technological prowess of the company. Ayasdi offers ready-to-use healthcare data analytics tools to boost the operational efficiencies of hospitals and clinics across various areas including denials management, clinical variation management, and population health predictions.
Health Fidelity – NLP Enabled Solution for Healthcare Analytics
Health Fidelity is a relatively new and small technology solution provider that is aimed to offer healthcare institutions sizeable data analytics solutions. The company works with around 80 employees and has managed to raise over USD 19 million in investment. Health Fidelity claims itself as the leader in the Natural Language Processing engine, which is meant to assist healthcare practitioners to leverage powerful analytical tools to assess areas of risks in their practice.
These are just some of the various vendors offering data analytical tools for healthcare institutions. The key to choosing the right technological partner for healthcare institutes lies in going with a vendor that offers customized solutions to meet the unique needs of clinics or hospitals. Many vendors also offer free trial periods for their systems, which can be a great resource to assess the value bring in by individual software for your healthcare institute.