Best Healthcare Analytics Software
Healthcare analytics software processes and analyzes the massive amounts of data that a health care organization regularly collects into actionable insight that impacts operational benefits and patient outcomes. Healthcare analytics, also referred to as healthcare business intelligence, also improves the collection, management, and sharing of patient and clinical data. Health care providers lean on the data warehouse that makes up a significant portion of healthcare analytics software to maintain the health of their organization, comply with changing industry legislature, and optimize both population health and individual patient management. Healthcare analytics software ranges from comprehensive data reporting to predictive and prescriptive analytics.
To qualify for inclusion in the Healthcare Analytics category, a product must:
Best Healthcare Analytics Software At A Glance
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- Overview
- User Satisfaction
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Cotiviti is a leading solutions and analytics company that leverages unparalleled clinical and financial datasets to deliver deep insight into the performance of the healthcare system. These insights
- 50% Enterprise
- 33% Mid-Market
3,925 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Virgin Pulse’s diverse technology and live solutions span all stages of health and wellbeing. No matter where your company is on your wellbeing journey today, our solutions are designed to grow with y
- Computer Software
- Hospital & Health Care
- 79% Enterprise
- 17% Mid-Market
7,565 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Intellimed is a leading healthcare data and analytics provider that serves healthcare organizations across the Unites States. From discharge data to claims data and beyond, Intellimed provides the too
- Hospital & Health Care
- 53% Enterprise
- 33% Mid-Market
- Overview
- User Satisfaction
- Seller Details
LexisNexis MarketView delivers medical claims-based intelligence to healthcare organizations across the United States.
- 42% Mid-Market
- 42% Small-Business
1,282 Twitter followers
- Overview
- User Satisfaction
- Seller Details
When you navigate the healthcare market, you run into big questions, fast. Where are the people who need your product? Where can you find the experts to inform your product development? And more impor
- Hospital & Health Care
- 45% Mid-Market
- 33% Small-Business
3,010 Twitter followers
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- User Satisfaction
- Seller Details
Get off paper with checklist software that digitizes and standardizes clinical practices, while enhancing nurse competency skills. Checklists are straightforward tools that support any situation - fr
- Hospital & Health Care
- 61% Mid-Market
- 26% Enterprise
4,706 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
Clarify Health unlocks valuable insights making complex care decisions easier for providers, payers, tech and services organizations, and life science companies. The Clarify Atlas Platform® forms the
- Hospital & Health Care
- 93% Enterprise
- 7% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Vizient (the new brand identity for VHA, University HealthSystem Consortium and Novation) is the nation's largest member-driven health care performance improvement company in the country, whose expert
- Hospital & Health Care
- 44% Small-Business
- 31% Enterprise
5,322 Twitter followers
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- User Satisfaction
- Seller Details
CareTracker helps long-term care facilities reduce risk and increase reimbursement as well as manage required resident documentation.
- Hospital & Health Care
- 44% Enterprise
- 40% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Oracle's Healthcare Analytics solution is powered with disruptive, decision-supported, outcome metrics that are critically important to organizational success.
- Hospital & Health Care
- 48% Enterprise
- 33% Mid-Market
822,135 Twitter followers
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- User Satisfaction
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CareCloud Inc. brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical
- Hospital & Health Care
- Medical Practice
- 67% Small-Business
- 20% Enterprise
6,482 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
Atlas is a powerful financial and operational reporting solution for Dynamics AX and D365 F&SCM that helps businesses create reports more efficiently and with less effort. Atlas comes packed with
- 57% Mid-Market
- 26% Small-Business
798 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
Solace is a Hospital Management ERP Solution, capable of managing Single or Multi speciality hospital activities.
- 43% Enterprise
- 36% Small-Business
14 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
HealthEC, the 2019 Best in KLAS provider of population health management solutions, is on a mission to help customers succeed with behavioral health initiatives and value-based care. Our single-platfo
- Hospital & Health Care
- 50% Small-Business
- 39% Mid-Market
905 Twitter followers
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- User Satisfaction
- Seller Details
With MedicsAnalytics, which is a built in, no-cost feature within MedicsPremier, users can take that already-impressive data and transform it into super-impressive business intelligence data.
- 45% Mid-Market
- 27% Small-Business
11,023 Twitter followers
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- User Satisfaction
- Seller Details
Backed by a 24-hour development effort, the PDX Enterprise Pharmacy System™ (EPS™) has become the industry leader in pharmacy management systems. Designed by pharmacists and continually enhanced by th
- Pharmaceuticals
- 47% Enterprise
- 27% Mid-Market
407 Twitter followers
- Overview
- User Satisfaction
- Seller Details
To thrive in today’s rapidly-changing care economy, you need to know you’re making the best decisions for your organization—decisions based on solid data, not hearsay. With Trella on your team, you ca
- Hospital & Health Care
- 55% Mid-Market
- 27% Small-Business
432 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Motivity was founded to help bring evidence-based behavioral interventions from the research lab to the community. We are a team of business leaders, clinicians, researchers and engineers with a passi
- 100% Small-Business
- 9% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Olio’s secure platform enables greater collaboration between acute and post-acute healthcare providers, so patients receive more coordinated care. The platform gives hospitals, physicians, and their t
- 61% Small-Business
- 28% Mid-Market
95 Twitter followers
- Overview
- User Satisfaction
- Seller Details
With over 30 years in the industry, MedeAnalytics provides the most powerful enterprise data enrichment and analytics platform specifically built for healthcare. By harnessing the first fully curated,
- 60% Mid-Market
- 30% Small-Business
1,216 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
PatientIQ is the largest and fastest-growing healthcare technology partner for deriving actionable insights from patient outcomes data. The PatientIQ platform empowers health systems, specialty practi
- 43% Mid-Market
- 43% Small-Business
181 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
QGenda Advanced Scheduling was designed specifically with the unique challenge of healthcare in mind. A proven, feature-rich solution for all specialties, departments, and enterprises, Advanced Schedu
- Practice Administrator
- Administrative Assistant
- Hospital & Health Care
- Medical Practice
- 46% Mid-Market
- 33% Small-Business
461 Twitter followers
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- User Satisfaction
- Seller Details
HospyCare is aHospital Management Information System (HMIS), that is web based system and allows the stake holders to keep track of transactions in back office and Finance. MIS Solution has complete O
- 60% Small-Business
- 20% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
A comprehensive cloud-based software development platform for data management, with interoperability support for all major healthcare standards, including FHIR, and analytics. The InterSystems IRIS
- Hospital & Health Care
- 70% Small-Business
- 20% Enterprise
62,475 Twitter followers
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- User Satisfaction
- Seller Details
Have control over actionable insights into your data, so you can succeed in value-based programs while improving efficiency and boosting revenue.
- 75% Small-Business
- 25% Mid-Market
9,418 Twitter followers
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- User Satisfaction
- Seller Details
ImagineIntelligence, is a comprehensive data-mining and practice analytics system.
- 75% Mid-Market
- 25% Small-Business
- Overview
- User Satisfaction
- Seller Details
Midas Health Analytics, part of the symplr Operations Platform, helps hospitals and health systems access real-time data, measure physician performance, and manage risk to improve care quality, stream
- 50% Enterprise
- 50% Mid-Market
950 Twitter followers
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- User Satisfaction
- Seller Details
Open mHealth is an open source data integration tool for the healthcare sector.
- 75% Mid-Market
- 25% Small-Business
2,801 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Atmolytics is a self-service healthcare data discovery, visualization, and analytics platform. It provides scaled, distributed access to any healthcare datasets and disease registries. Applications i
- 67% Mid-Market
- 33% Small-Business
719 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
At Eleos, we believe the path to better care is paved with provider-focused technology. After all, providers will be using the solutions, so it should be built for their needs, not the needs of a corp
- Mental Health Care
- 58% Mid-Market
- 42% Enterprise
- Overview
- User Satisfaction
- Seller Details
BCA is a web-based data visualization solution that helps organizations increase efficiency, measure progress, and improve performance. Easy to implement, easy to use, and fully integrated with MEDITE
- 67% Mid-Market
- 33% Enterprise
8,111 Twitter followers
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- User Satisfaction
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- 67% Enterprise
- 67% Mid-Market
245 Twitter followers
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- User Satisfaction
- Seller Details
CareCloud Central is a medical practice management solution that boosts productivity by automating the day-to-day tasks that can slow an office manager down. Central delivers much more than medical bi
- 33% Enterprise
- 33% Small-Business
6,482 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
MyWinmed EHR is an integrated practice management solution that can be installed on-premise or accessed through the cloud. Its suited for mid to large practices in a variety of specialties, including
- 60% Small-Business
- 20% Mid-Market
- Overview
- User Satisfaction
- Seller Details
We empower healthcare organizations with accurate, comprehensive, and granular data about their markets, patients, and providers, enabling value-based care for every patient experience such that it ca
- 100% Mid-Market
426 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Solutions and services to help payers and providers turn healthcare data into timely, actionable insights to optimize revenue, cost, and quality performance.
- 100% Enterprise
36,426 Twitter followers
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- User Satisfaction
- Seller Details
The Health Catalyst Data Operating System (DOS) is a breakthrough engineering approach that combines the features of data warehousing, clinical data repositories, and health information exchanges in a
- 50% Mid-Market
- 50% Small-Business
8,739 Twitter followers
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- User Satisfaction
- Seller Details
Claims processing, benefits administration, and self-service portals for health care benefits administration.
- 50% Enterprise
- 50% Small-Business
236 Twitter followers
- Overview
- User Satisfaction
- Seller Details
The Inovalon ONE Platform powers 100+ data-driven, cloud-based solutions that enable healthcare organizations to improve clinical outcomes and economics. Serving thousands of customers across all of h
- 50% Mid-Market
- 50% Small-Business
1,540 Twitter followers
- Overview
- User Satisfaction
- Seller Details
HL7 FHIR based EHR Designed from the ground up for maximum interoperability in a provider centric, cutting edge application.
- 100% Small-Business
364 Twitter followers
- Overview
- User Satisfaction
- Seller Details
ProMed Application Suite is a flexible customizable and cost effective Health Care Management Solution, precisely Hospital Management System (HMS) that could harness all of your clinical and administr
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Quantros Quality Management Solutions Suite to optimize quality data collection, processing, analysis, and submission for both chart-abstracted and electronic clinical quality measures, helping to foc
- 50% Enterprise
- 50% Mid-Market
2,624 Twitter followers
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- User Satisfaction
- Seller Details
symplr Quality Review software helps you convert hard to manage paper policies and procedures into an easy to manage, repeatable, and defendable process – every time. From initial onboarding, to CMS a
- 50% Mid-Market
- 50% Small-Business
950 Twitter followers
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- User Satisfaction
- Seller Details
Merative Health Insights enables professionals to share health data and deliver insight to furthercare through hospitals, providers, insurers, researchers and patients.
- 67% Small-Business
- 33% Enterprise
- Overview
- User Satisfaction
- Seller Details
eHospital Systems is a Customizable, Comprehensive, and Integrated Hospital Management System designed to manage all hospital operations. This has Outpatient and Inpatient, Pharmacy, Laboratory, Radio
- 100% Mid-Market
- 100% Small-Business
1,708 Twitter followers
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- Pros and Cons
- User Satisfaction
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Healthgram software is a proprietary electronic health record helping employers improve care and lower costs.
- 100% Mid-Market
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- Pros and Cons
- User Satisfaction
- Seller Details
When it comes to learning, one size doesn't fit all. jane AI™ ensures your nurses’ time spent learning is purposeful, and your educator’s time spent is meaningful by providing unbiased, personalized c
- Hospital & Health Care
- 71% Enterprise
- 14% Mid-Market
4,706 Twitter followers
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- Pros and Cons
- User Satisfaction
- Seller Details
To optimize the entire patient care pathway, Continuum Health's Intellium and ContinuumCore solutions enable managers to centralize their facility's data in a single location and display it on unified
- 100% Mid-Market
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- User Satisfaction
- Seller Details
- 100% Enterprise
- Overview
- User Satisfaction
- Seller Details
Marketware’s Physician Relationship Manager makes it easier than ever to plan, track and measure the effectiveness of liaison activity across key growth initiatives. You’ll be better armed to prevent
- 100% Enterprise
196 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Sentry Data Systems provides technology solutions designed to help hospitals reduce costs, manage compliance and improve outcomes.
- 100% Small-Business
589 Twitter followers
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- User Satisfaction
- Seller Details
TAGNOS is a comprehensive platform that hospitals use to operate more efficiently by orchestrating the functional operations of care delivery with applications that support OR and ED patient flow as w
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
The Acclivity Connected Care Platform quickly aggregates data from all sources into actionable insights and automated workflows to succeed within value-based payment models. Empowering ACOs, Provider
- Overview
- User Satisfaction
- Seller Details
Actuarial infrastructure for healthcare innovators. Embed enterprise-grade actuarial capabilities from healthcare data ingestion and interpretation to VBC contract operationalization. Built by world-
- Overview
- User Satisfaction
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Adonis AI Agents is an advanced solution designed to enhance revenue cycle management (RCM) by integrating intelligent automation with proactive problem-solving. This platform enables RCM teams to str
69 Twitter followers
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- User Satisfaction
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Adonis Intelligence is an AI-driven platform designed to enhance healthcare providers' revenue cycle management (RCM) by delivering actionable alerts, predictive analytics, and real-time reports. It c
69 Twitter followers
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- User Satisfaction
- Seller Details
Medecision is a population health management technology and services for risk-bearing healthcare organizations across the care continuum.
2,703 Twitter followers
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- Overview
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The AI Evaluator, a component of deepcOS®, is a comprehensive platform designed to assist radiology departments in assessing and comparing various AI solutions before integration into clinical workflo
- Overview
- User Satisfaction
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ArborMetrix is a leading provider of healthcare analytics technology and services that improve outcomes and advance research. The ArborMetrix team of healthcare and data science experts help their cus
843 Twitter followers
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- User Satisfaction
- Seller Details
Hexplora provides actionable Healthcare Intelligence for Self-insured Employers, Community Partners, Institutional Providers, ACOs, and IPAs, to make key decisions for patient care, helping improve he
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- User Satisfaction
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Anatomy Financial is a financial technology company dedicated to automating financial operations for healthcare organizations. By integrating advanced AI solutions, Anatomy streamlines traditionally m
- Overview
- User Satisfaction
- Seller Details
Arcadia.io is a population health management technology company supporting healthcare enterprises taking on risk and transitioning to value-based care. Arcadia specializes in integration of data from
- 100% Small-Business
2,196 Twitter followers
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- User Satisfaction
- Seller Details
Ataraxis AI is a pioneering precision medicine company dedicated to transforming cancer diagnostics through advanced artificial intelligence. Their flagship product, Ataraxis Breast, is the world's fi
64 Twitter followers
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- User Satisfaction
- Seller Details
Helps hospitals use data to improve operations liberating clinicians from data entry work
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- User Satisfaction
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Atlas H&E-TME is an advanced pathology foundation model developed collaboratively by Mayo Clinic, Charité – Universitätsmedizin Berlin, and Aignostics. Designed to enhance the analysis of hematoxy
- Overview
- User Satisfaction
- Seller Details
August Health is the EHR platform for forward-thinking, care-obsessed senior living operators. The platform is purpose-built for proactive care, enabling communities to shift from reactive tactics to
- Overview
- User Satisfaction
- Seller Details
Authenticx is an AI powered analytics platform built exclusively for healthcare organizations. Our platform allows you to centralize all customer interactions from various channels, and analyze them a
- Overview
- User Satisfaction
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AvaSure 360™ is a comprehensive suite of solutions for all inpatient telehealth needs on a single, scalable platform.
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- User Satisfaction
- Seller Details
Avicenna Pathlab is a cloud based healthcare management system that provides features to manage every part of a hospital.
- Overview
- User Satisfaction
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AWS HealthLake is a HIPAA-eligible service offering healthcare companies a complete view of individual and patient population health data using FHIR (Fast Healthcare Interoperable Resources) API based
2,229,471 Twitter followers
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- User Satisfaction
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Azara DRVS is a centralized data reporting and analytics solution which facilitates care transformation, drives quality improvement, aids in cost reduction, and simplifies mandated reporting. DRVS em
261 Twitter followers
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- User Satisfaction
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AZchest is a clinically validated AI radiology solution developed by AZmed, designed to automatically detect and report primary cardiac and pulmonary abnormalities in chest X-rays. Trusted by leading
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AZmeasure is an advanced AI-powered software developed by AZmed, designed to automate the characterization of osteo-articular geometries in medical imaging. It accurately measures lengths and angular
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AZtrauma is a medical imaging software developed by AZmed, designed to assist healthcare professionals in the rapid and accurate detection of fractures in X-ray images. By leveraging advanced artifici
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Leverage the BasilIntel for MedTech Platform to accelerate regulatory approvals, streamline market entry, and proactively monitor quality events and industry trends. Gain rapid access to comprehensive
- Overview
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An all-in-one platform that delivers qualified patients through a highly configurable online scheduling interface with multi-channel patient communication features. All patient engagements can be opti
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BioXcel Therapeutics is a biopharmaceutical company leveraging artificial intelligence to develop transformative medicines in neuroscience and immuno-oncology. Their lead product, IGALMI™ (dexmedetomi
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- Overview
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245 Twitter followers
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Century Health is a healthcare technology company dedicated to accelerating drug development and commercialization through the application of artificial intelligence (AI) to real-world evidence (RWE).
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Our innovative AI chart review company leverages cutting-edge technology to revolutionize healthcare by seamlessly integrating advanced AI with physician and industry expertise. We specialize in acc
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Navina's Chart Review is an AI-powered solution designed to streamline the patient chart review process, enabling clinicians to access concise, comprehensive clinical summaries swiftly. By consolidati
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qXR is an advanced AI-powered solution designed to enhance the efficiency and accuracy of chest X-ray interpretation. Trained on over 9 million scans and having processed more than 10.7 million, qXR d
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Clarium Health is a healthcare technology company founded in 2020, dedicated to modernizing hospital supply chain operations through its AI-powered platform, Astra OS. By integrating with existing sys
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ClosedLoop is a data science platform purpose-built for healthcare and provides everything you need to build, deploy, and maintain impactful AI/ML-driven operations at scale.
271 Twitter followers
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CoLumbo is a Bulgarian software startup specializing in AI-driven analysis and diagnosis of lumbar spine MRI images. Their primary product is a tool designed to enhance the efficiency and reliability
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Crossix DIFA is the leading platform for measuring and optimizing digital healthcare marketing. The industrys most comprehensive health data set makes it possible for DIFA to provide unparalleled insi
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Mesh Bio is a digital health start up that is transforming chronic disease management through predictive analytics. Mesh Bio works with healthcare providers and stakeholders to provide innovative solu
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deepcOS is a cloud-native radiology AI platform developed by deepc GmbH, designed to seamlessly integrate a diverse range of regulatory-approved AI solutions into existing healthcare IT systems. This
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deepcOS® Hub is a centralized AI management platform designed to streamline radiology operations by providing unified access to a comprehensive suite of tools for radiologists, IT administrators, and
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Dexa AI is an innovative platform that leverages artificial intelligence to provide users with direct access to expert knowledge from a diverse range of trusted professionals. By indexing and analyzin
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DexCare helps the health system optimize resources, orchestrate capacity, and intelligently guide patients to best-fit care options
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Our cloud-based, HIPAA-compliant proprietary software, DOCTRIX® Analytics, works to optimize your operations performance by continuously scanning for revenue risks, leakages, and inefficiencies across
951 Twitter followers
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ETHER is a Hospital Management Software (HMS/HIS) system completely SaaS-based and developed by Tenwave. A Multipurpose Healthcare Solution, to improve the quality of patient care, enhance hospital ef
341 Twitter followers
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1,894 Twitter followers
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1,894 Twitter followers
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Ezra offers an AI-powered, end-to-end cancer screening platform designed to detect cancer and over 500 other medical conditions through advanced imaging technologies. By integrating state-of-the-art a
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F1RSTAnalytics is a suite of dashboards, analytics, and reports designed to give users actionable insight to operate their anesthesia practice both as an effective clinical organization and a successf
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- Seller Details
Floy® is a health technology company that integrates human expertise with certified artificial intelligence to provide comprehensive insights into individual health. By combining various medical disci
Learn More About Healthcare Analytics Software
What is Healthcare Analytics Software?
Healthcare analytics software, sometimes called healthcare business intelligence software, helps organizations such as hospitals and clinics turn their operational and clinical data into actionable insights. These products ingest data from various sources and systems, allowing decision makers to identify ways to improve patient outcomes, deliver more efficient care, reduce costs, optimize revenue, and assess current compliance. Healthcare analytics software ranges in functionality, with more advanced tools utilizing machine learning and predictive analytics to identify patterns, target high-risk individuals and populations for outreach, and reallocate resources as needed.
Every department in a healthcare organization can benefit from using this software. For example, a hospital’s billing department can use healthcare analytics to determine the likelihood of claim denials before submission, giving them a chance to correct any errors. An emergency room can identify patterns in overcrowding, allowing them to staff accordingly during those days and times. Clinical teams can use data trends to monitor chronic disease patients for timely outreach when they need symptom management support or identify which psychiatric patients are at high risk for a crisis.
What are the Common Features of Healthcare Analytics Software?
The following are some core features within healthcare analytics software that can help providers and administrators turn their healthcare data into actionable insights :
Data management: Healthcare analytics software enables healthcare providers to organize large datasets, connecting multiple data sources into one central repository. This has numerous benefits, including better patient care, smarter decision-making, and improved metrics across departments. Importantly, these specialized analytics platforms ensure data access is restricted to the appropriate users.
Data modeling and blending: Healthcare analytics software promotes interoperability between different healthcare systems, taking disparate data sets and uncovering trends and connections. By employing advanced analytics, this software helps stakeholders make important decisions that impact clinical outcomes, revenue forecasting, and administrative procedures. As hospital systems navigate extensive regulatory frameworks, data modeling and blending bring together seemingly unrelated data and uncover weak points in a healthcare organization’s overall compliance strategy.
Data visualization: Data visualization tools such as real-time dashboards, charts, and graphs help users hone in on the data that matters most. These tools can be further customized to display progress towards specific initiatives or monitor key performance indicators (KPIs) across departments. Reports can be generated and shared as needed, with automation features allowing regular reports to populate based on time or milestone triggers.
Self service: Regardless of role or IT experience, self-service analytics allow any type of user to access the data insights they need at any time without support. This can be particularly handy for administrative staff such as scheduling, billing and claims, and triage staff, who may need access to analytics to make informed decisions under urgent timing.
What are the Benefits of Healthcare Analytics Software?
The following are the benefits of healthcare analytics software:
Better outcomes: Analytics allows healthcare providers to tailor their approach to each patient, promoting stronger health outcomes. Healthcare analytics software can take historical data trends and apply them to present decisions, leading to smarter use of resources and more effective care coordination. An analytics platform can assess geographic region, income level, risk factors, and existing conditions to determine strategic community outreach for care. Every data point can play into clinical decision making.
Improved revenue: By reducing the likelihood of claim denials, healthcare analytics platforms can promote higher reimbursement rates from insurance companies and improve patient collection rates. These solutions can also identify areas of supply overspending and operational deficiencies that are contributing to budget shortfalls.
Improved productivity and decision making: Healthcare analytics removes a lot of guesswork for healthcare staff, automating certain processes and empowering staff to solve problems more efficiently. These platforms can reduce errors, streamline care delivery, and generate more stable revenue.
Who Uses Healthcare Analytics Software?
Clinicians: Clinicians use healthcare analytics software to monitor population outcomes, determine appropriate, individualized treatment for patients, identify which patients are most likely to not adhere to treatment, and identify benchmarks for standardized treatment plans. They can also use this data to help reduce patient readmission, target specific populations that are overusing emergency services, and track vaccination efforts.
Administrators: Administrators across scheduling, billing, and health information teams use healthcare analytics software to stay compliant, reduce errors in workflow, and optimize patient retention and revenue collection.
Marketers: Though not as common, marketing teams in healthcare organizations and companies can utilize healthcare analytics data to identify target groups for email and text engagement outreach, medical sales strategy, and community health initiatives.
What are the Alternatives to Healthcare Analytics Software?
While healthcare analytics software has multiple use cases, healthcare organizations may opt to use specialized analytics platforms that focus on one business function:
Healthcare compliance software: Healthcare compliance software utilizes analytics to monitor ongoing progress against compliance programs and reduce the likelihood of fraud and abuse. This may include tracking the percentage of staff who have specific certifications or the number of HIPAA violations recorded over a certain period.
Healthcare supply chain software: Healthcare supply chain software uses analytics to improve efficiency in inventory and overall vendor spend. Hospital staff can use this software to identify the appropriate cadence for medical inventory restocking based on current patient trends and employ workflows to automate the ordering process.
Clinical decision support software: Clinical decision support software applies data analytics to EHRs to help healthcare providers make evidence-based decisions at the point of care. These solutions can provide information on treatment protocols, prompt questions on medication adherence, and provide tailored recommendations for health behavior changes.
Value-based reimbursement software: Value-based reimbursement solutions can exist as software, service, or a hybrid of both; the latter allows healthcare software vendors to equip healthcare organizations with the analytics and expertise necessary to revamp existing reimbursement models. By deploying value-based reimbursement strategies, hospitals and health care practices can better and more accurately compensate for the services rendered to a patient.
Software Related to Healthcare Analytics Software
Related solutions that can be used together with healthcare analytics software include:
EHR software: EHRs offer a tremendous amount of healthcare data for analytics platforms to utilize. Hospital systems can identify trends in prescriptions, diagnoses, demographic groups, and hospital asset usage, among numerous other data points. An analytics platform without a connected EHR would be useless to a hospital system.
Medical practice management software: Medical practices, from small clinics to large hospital systems, can glean operational insights from their medical practice management software. They can assess how often appointments are scheduled and canceled by specific populations, the average length of time it takes patients to pay off bills, or how frequently specific procedures are performed.
Patient experience software: Patient experience software is managed with various software products aimed at patient engagement, case management, and relationship management. These solutions can work with healthcare analytics platforms to determine appropriate patient care strategies, improve patient safety and wellbeing, or even improve social media reputation for medical practices.
Population health management software: Population health management depends upon data analytics to improve community health outcomes. Analytics enables healthcare providers to target individuals for outreach, monitor year-over-year progress for chronically ill communities, and improve value-based reimbursement by ensuring better health outcomes.
Healthcare learning management systems (LMS): Continued education is important for hospital staff to remain compliant with ever-changing healthcare regulations. Healthcare LMS tools make it easier for healthcare staff to receive and track the appropriate accreditations or certifications. Integration with a healthcare analytics platform allows administrators to monitor staff compliance with specific training requirements.
Revenue cycle management software: Revenue cycle management relies on data analytics to ensure KPIs are met and that historical trends allow for proactive response to revenue cycle performance. A dedicated analytics platform can help benchmark revenue cycle performance against competitors and identify which specific portions of the process are performing well versus others.
Challenges with Healthcare Analytics Software
Software solutions can come with their own set of challenges.
Complexity: Depending on the scale of the healthcare organization, finding the right healthcare analytics platform and implementing it can be daunting. The need to integrate with all existing systems while ensuring the analytics platform can scale and be used by various staff at various levels of IT expertise can lead to an ever-growing list of requirements when searching for the right solution.
Data security: Healthcare analytics software ingests a staggering amount of sensitive health data. A data breach could be costly to healthcare providers and potentially dangerous for patients. A good analytics platform will enable appropriate data management standards to ensure sensitive data is not compromised and that all information is securely stored and backed up.
Lack of APIs: Interoperability remains one of the biggest challenges for the healthcare industry. A healthcare analytics platform that can’t utilize APIs will have less data access compared to platforms that support APIs. This can impact population health initiatives, patient medical record access, and even healthcare software development.
How to Buy Healthcare Analytics Software
Requirements Gathering (RFI/RFP) for Healthcare Analytics Software
If a healthcare organization is just starting out and looking to purchase its first healthcare analytics platform, or maybe an organization needs to update a legacy system--wherever it is in its buying process, G2.com can help select the best healthcare analytics platform.
Given the broad use cases for healthcare analytics, an organization should identify the strongest areas for improvement as it begins identifying potential vendors. The organization should consider factors such as staff size, patient needs, and compliance concerns. Depending on these factors and many others, different healthcare analytics platforms will have varying success.
Compare Healthcare Analytics Software Products
Create a long list
From meeting the business functionality needs to implementation, vendor evaluations are an essential part of the software buying process. For ease of comparison, after all demos are complete, it helps to prepare a consistent list of questions regarding specific needs and concerns to ask each vendor.
Create a short list
From the long list of vendors, it is helpful to narrow down the list of vendors and come up with a shorter list of contenders, preferably no more than three to five. With this list in hand, organizations can produce a matrix to compare the features and pricing of the various solutions.
Conduct demos
To ensure the comparison is thorough, the user should demo each solution on the short list with the same use case and datasets. This will allow the organizations to evaluate like for like and see how each vendor stacks up against the competition. The organization should also identify specific reports that are frequently needed and see how the product’s data visualization tools work. Determine the quality of tech support that each vendor provides in the event that staff require additional support and onboarding. Understanding the data migration and deletion process at the start and end of a contract is also important.
Selection of Healthcare Analytics Software
Choose a selection team
Before getting started, it's crucial to create a winning team that will work together throughout the entire process, from identifying pain points to implementation. The software selection team should consist of organization members with the right interest, skills, and time to participate in this process. It’s important to include team members across various roles, including health information management, IT, administrative, and clinical staff. All these roles will interact with a healthcare analytics platform differently, so it’s important to select a system that works for everyone. In smaller organizations, the vendor selection team may be smaller, with fewer participants multitasking and taking on more responsibilities.
Negotiation
Once the selection team has narrowed down their software picks, it’s time to discuss customization options, pricing, and the type of support needed from the vendor. It’s always important to address pricing options, even when they are listed on a vendor’s website. Many software vendors will provide discounts and custom pricing options based on what the buyer is looking to purchase.
Final decision
After this stage, and before going all in, it is recommended to roll out a test run or pilot program to test adoption with a small sample size of users. The buyer can be confident that the selection was correct if the tool is well used and received. If not, it might be time to go back to the drawing board.
