Top 7 Major Companies in The Healthcare Predictive Analytics Market
Healthcare Predictive Analytics Market is Expected to Grow with a CAGR of 27% from 2022 To 2028
The Global Healthcare Predictive Analytics Market is estimated to be valued at USD 20.16 Billion in 2021 and USD 74.62 Billion by 2028 at a CAGR of 27% during the forecast period, 2022–2028. Healthcare predictive analytics is the effective use of statistical, quantitative, predictive, comparative, cognitive and other newly applied analytical models for data and related business insights. Healthcare predictive analytics technologies can help uncover and understand historical data patterns, predict future outcomes, and provide actionable insights to help healthcare companies make better clinical, financial and operational decisions. Analytics helps health care organizations reduce costs and improve the quality of care.
Healthcare Predictive analytics is a process in which current and historical patient data is collected and analyzed using advanced digital technologies to collect patient contaminants and predict the potential conditions that may affect them. The primary objective of Healthcare Analytics is to secure and collect patients' personal information and to increase user confidence in Heath Information Technology (HIT). Companies are introducing advanced analytical tools to help health centers and hospitals more easily manage large and complex data that was otherwise difficult with traditional techniques. These healthcare analytics tools can predict trends, potential outbreaks, manage the spread of various diseases, avoid preventable diseases, and improve overall quality of life.
Healthcare Predictive Analytics provides a perfect combination of administrative and financial data. Many healthcare organizations around the world are adopting these analytical tools to increase coordination with care teams, improve patient care, and reduce excessive spending. Some common applications of healthcare analytics include increasing patient engagement, detecting fraudulent activities and enhancing security, supply chain analysis, revenue cycle management, telemedicine for primary diagnosis, smart staffing with personnel management, and risk and disease management.
World Top 7 Companies in the Healthcare Predictive Analytics Market
- UnitedHealth Group
- Health Catalyst
- McKesson Corporation
- Cerner Corporation
- IBM Corporation
- Allscripts Healthcare Solutions
- MedeAnalytics, Inc.
UnitedHealth Group is a US-based company operating in Minnesota, offering one of the best health services and insurance plans worldwide. UnitedHealth's Optum provides Optum Insight, a predictive health analytics platform designed to improve the overall performance of health care systems by optimizing the quality of care, improving the patient experience in healthcare organizations.
Health Catalyst is one of the leading providers of data analytics technology based in Utah, United States that provides analytical applications, data warehousing platforms along with outcome-improvement services. HealthCatalyst provides healthcare organizations with analytics platform solutions for improving population health, enhancing safety, revenue cycle management, and supply chain analysis as well as risk and disease management.
McKesson Corporation is an American pharmaceutical distributor, offering healthcare services, products and medical supplies globally. The company provides IT services and tools to healthcare providers and helps integrate healthcare data analytics and cloud computing services into existing infrastructure.
McKesson Corporation has expanded its Artificial Intelligence (AI) and data analytics using Google Cloud Platform services. It helps to monitor and organize the clinical data and medical records of the patients and helps in analyzing the patient pool in real time. Additionally, McKesson has also partnered with Comodo Health, a healthcare automation service provider, to automate various day-to-day tasks. The health care analysis platform generates medical records of large patient populations obtained from clinical laboratories and hospitals to help medical professionals diagnose and treat diseases.
The Microsoft Corporation is a computer software company that provides consumer electronics, personal computers, social networking services, video games and cloud computing solutions. Microsoft Cloud for Health Care is a cloud-based platform designed for healthcare organizations to manage patient data, enhance patient experience and engagement, and keep personal patient information secure and financial management.
IBM Corporation is a US-based multinational technology company based in Armonk, New York, that provides technical consulting, artificial intelligence (AI), cloud computing services, process design and operations, computer hardware and software. IBM Corporation operates through 5 major segments, Global Business Services, Global Financing, Cloud and Cognitive Software, Global Technology Services and Systems. IBM provides a secure and secure platform experience through Watson Analytics.
IBM Watson Health is one of the leading healthcare applications powered by artificial intelligence that helps improve organization performance by integrating information from large patient populations from multiple systems. IBM Watson Health recently launched Sugar.IQ in partnership with Medtronic to help people with diabetes tackle data-driven barriers and maintain blood sugar levels. IBM Watson also provides a cloud-based platform to enhance drug discovery and clinical trial processes.
Allscripts Healthcare Solutions, Inc. is an information technology company based in Chicago, USA, that provides electronic health record (EHR) technology and practice management to healthcare providers, hospitals. It also provides patient engagement, population health management and precision medicine solutions as well as financial and healthcare analytics. Allscripts Healthcare Solutions, Inc. We have platforms like dbMotion Solution, and dbMotion EHR for accurate and secure data analysis.
Based in Kansas City, US, Cerner Corporation is one of the leading healthcare IT service providers offering services, software and hardware to medical centers, retail pharmacies, laboratories and long-term care facilities. Cerner offers Cerner HealthIntenet, a cloud-based program designed to manage patient populations in real time. It creates longitudinal health records and helps health care systems identify and predict the health risks associated with each patient, improve outcomes and reduce treatment costs.
Revenue in USD
USD $257 Billion
USD $188 Million
USD $238 Billion
USD $168 Billion
USD $5 Billion
USD $73 Billion
Allscripts Healthcare Solutions
USD $1 Billion
Mede Analytics, Inc.
USD $101 Million
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