Are you looking to add Healthcare Commercial Intelligence to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Healthcare Commercial Intelligence statistics of 2024.
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On this page, you’ll learn about the following:
Best Healthcare Commercial Intelligence Statistics
ā° Use “CTRL+F” to quickly find statistics. There are total 59 Healthcare Commercial Intelligence Statistics on this page šHealthcare Commercial Intelligence Market Statistics
- all hold 3 percent of the market. [0]
- Other vendors have gained ground since then, perhaps contributing to the 3 percent drop in market share from a high of 44 percent, but more hospitals still use Epic for their care coordination needs than any other vendor. [0]
- According to Emergen Research, the global healthcare business intelligence market is expected to reach a market size of USD 15.14 billion in 2027 and register a CAGR of 14.6% during the forecast period. [1]
- The company’s experiments in the Australian market have rendered it capable of identifying up to 24% of all Australian users who will close their accounts within four months. [2]
- The global Business Intelligence market size to grow from USD 23.1 billion in 2020 to USD 33.3 billion by 2025, at a Compound Annual Growth Rate of 7.6% during the forecast period. [3]
- The global Healthcare Business Intelligence market size is projected to reach USD 7625 Million by 2026, from USD 4335.8 Million in 2020, at a CAGR of 9.9% during the forecast period 2021. [4]
- The global Big Data Analytics in Healthcare market size is projected to reach USD 20910 Million by 2026, from USD 8965.4 Million in 2019, at a CAGR of 12.4% during 2021. [4]
- North America big data analytics in healthcare market size was valued at USD 9.36 Billion in 2017, and is projected to reach USD 34.16 Billion by 2025, growing at a CAGR of 17.7% from 2018 to 2025. [4]
- The global healthcare analytics market size is expected to grow from USD 11.461 Billion in 2019 to USD 40.781 Billion by 2025, at a compound annual growth rate of 23.55% during the forecast period. [4]
- The global healthcare payer services market size was valued at USD 19,409.52 Million in 2019, and is projected to reach USD 41,906.64 Million by 2027, registering a CAGR of 10.6% from 2020 to 2027. [4]
- HCIT) market size was evaluated at USD 61,018 million in 2017, and is estimated to reach USD 149,178 Million by 2025, at a CAGR of 11.7% during the forecast period. [4]
- The global Business Intelligence market size is projected to reach USD 27870 Million by 2026, from USD 18720 Million in 2019, at a CAGR of 5.4% during the forecast period 2021. [4]
- The AI associated healthcare market is expected to grow rapidly and reach USD 6.6 billion by 2021 corresponding to a 40% compound annual growth rate [4]. [5]
Healthcare Commercial Intelligence Software Statistics
- Only 4 percent of the 5508 organizations indicating adoption of a supply chain management tool used a proprietary software package to monitor inventory. [0]
- In both years, 3 percent of hospitals in the data sample were using proprietary software. [0]
Healthcare Commercial Intelligence Adoption Statistics
- Utah is the only state that has failed to achieve more than 90 percent adoption of Certified EHR Technology. [0]
- Sixteen states, including Alaska, West Virginia, Maine, and Indiana can boast 100 percent adoption rates, while some of the most populous regions in the country, such as California, Texas, and New York, are hovering in the high nineties. [0]
- Only 4 percent of the 5508 organizations indicating adoption of a supply chain management tool used a proprietary software package to monitor inventory. [0]
- Insider Intelligence estimates that up to 73% of healthcare admin tasks could be automated by AI, and the adoption of chatbots could save the healthcare, banking, and retail sectors $11 billion annually by 2024. [6]
Healthcare Commercial Intelligence Latest Statistics
- Xtelligent Media / Definitive HC Hospitals are likely to have a combination of revenue cycle and business intelligence tools in place, with an average of 3.3 implementations per care site. [0]
- Top vendors in the space include Infor, MEDITECH, McKesson, and CPSI, although 13 percent of the sample chose a smaller vendor that may offer products tailored to more specific needs. [0]
- Just like on the clinical side, data siloes in the financial environment can make it difficult for many providers to adopt seamless and integrated ERP products, and just 27 percent of the included hospitals have implemented an ERP product. [0]
- Infor holds a commanding lead over its competitors in this space, with 48 percent of the sampleās implementations. [0]
- Just under 70 percent of the nationās hospitals now offer the ability for patients to view, download, and transmit their personal health data, and 63 percent allow patients to securely message with their providers. [0]
- Among the hospitals included in the dataset, 45 percent use offerings from Midas+, a member of the Xerox family, while the next largest vendor, Quantros, only holds 11 percent of the customer base. [0]
- Xtelligent Media / Definitive HC Explorys, which was recently acquired by IBM, and Allscripts follow with 7 percent each, while Optum, Strata Decision Technology, and Infor. [0]
- Nearly 20 percent of providers are using a variety of other vendors. [0]
- Just 67 percent of organizations can exchange care summaries with other hospitals, while only 52 percent can electronically find patient health information from outside providers. [0]
- Office of the National Coordinator for Health IT Sixty five percent can receive patient summaries of care from external organizations, but only 38 percent of acute care hospitals can electronically integrate these documents into their records. [0]
- now holds 18 percent of the care coordination scene, while Allscripts has gained two percentage points and athenahealth has dropped by three. [0]
- While 12 percent of providers in 2015 chose āotherā vendors, only 8 percent of providers in 2016 were working with less prominent companies. [0]
- With 39 percent of the customer base, Judy Faulknerās products are supporting business decisions in more than 1700 hospitals, with few vendors looking able to mount an organized attack on Epicās dominance. [0]
- In 2015, Epic accounted for just a quarter of hospital BI implementations, indicating a 14 percent growth spurt in individual installation sites in the intervening months. [0]
- SAP, Siemens, and Datawatch have all made slight progress in 2016, while Strata Decision Technology has held steady at 6 percent. [0]
- New to the list in 2016 are Inovalon, Vizient, IBM, and Acmeware, helping to shrink the āotherā vendor list from 25 percent to 11 percent. [0]
- Of the 4554 care sites listed as BI adopters, 59 percent provide short term acute care and 12 percent are health systems. [0]
- But 14 percent are critical access hospitals, and five percent are childrenās hospitals or rehabilitation hospitals. [0]
- The projected percent change in employment from 2020 to 2030. [7]
- The average growth rate for all occupations is 8 percent. [7]
- The percent change of employment for each occupation from 2020 to 2030. [7]
- Nearly 40% of internet users worldwide perfer interacting with chatbots than virtual agents, and with major industries including retail and healthcare turning to digital technology, chatbots will likely increase in popularity moving forward. [6]
- Univision achieved an 80% growth in yield during the first quarter after implementing business intelligence. [2]
- The company processes 35% of U.S. mortgage applications. [2]
- The service is so good at targeted content promotion that its recommendation system drives over 80% of streamed content. [2]
- human users identify 95% of suspended terrorism. [2]
- āProjected growthā represents the estimated change in total employment over the projections period. [8]
- 80% of fortune 2000 companies rely on our research to identify new revenue sources. [3]
- Healthcare organizations that apply big data and business intelligence could collectively save between $300 and $450 billion annually in the US alone, according to a McKinsey Global Institute study. [9]
- According to a recent report from the McKinsey Global Institute, applying big data to predict U.S. healthcare needs and enhance efficiency and quality could save between $300 and $450 billion annually. [10]
- Disease prevention represents a huge potential cost savings of $70 to $100 billion, according to the McKinsey Global Institute. [10]
- Healthcare Business Intelligence Market Size to Reach USD 7625 Million by 2026 at CAGR 9.9%. [4]
- It is estimated that AI applications can cut annual US healthcare costs by USD 150 billion in 2026. [5]
- Such genome sequencing is estimated to take up 100ā150 GB of data and will allow a great tool for precision medicine. [5]
- The authors showed that AtomNet outperforms conventional docking models in relation to accuracy with an AUC of 0.9 or more for 58% of the targets [25]. [5]
- Video data is estimated to contain 25 times the amount of data from high resolution diagnostic images such as CT and could thus provide a higher data value based on resolution over time. [5]
- As an example, a video analysis of a laparoscopic procedure in real time has resulted in 92.8% accuracy in identification of all the steps of the procedure and surprisingly, the detection of missing or unexpected steps [26]. [5]
- During training of the neural network, the weight of the input data adjusts according to the desired output [44]. [5]
- According to the researchers, the āmodel sees sequences of words/speaking styleā and decides whether these emerging patterns are likely to be seen in individuals with and without depression [63]. [5]
- within a period of 60 seconds and based on the tone and words used, it is possible to measure an estimated emotion. [5]
I know you want to use Healthcare Commercial Intelligence Software, thus we made this list of best Healthcare Commercial Intelligence Software. We also wrote about how to learn Healthcare Commercial Intelligence Software and how to install Healthcare Commercial Intelligence Software. Recently we wrote how to uninstall Healthcare Commercial Intelligence Software for newbie users. Donāt forgot to check latest Healthcare Commercial Intelligence statistics of 2024.
Reference
- healthitanalytics – https://healthitanalytics.com/features/which-big-data-business-intelligence-vendors-are-most-popular.
- emergenresearch – https://www.emergenresearch.com/blog/top-10-healthcare-business-intelligence-companies-in-the-world.
- netsuite – https://www.netsuite.com/portal/resource/articles/business-strategy/business-intelligence-examples.shtml.
- marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/social-business-intelligence-bi-market-1048.html.
- prnewswire – https://www.prnewswire.com/in/news-releases/healthcare-business-intelligence-market-size-to-reach-usd-7625-million-by-2026-at-cagr-9-9-valuates-reports-876846345.html.
- nih – https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7325854/.
- insiderintelligence – https://www.insiderintelligence.com/insights/chatbot-market-stats-trends/.
- bls – https://www.bls.gov/ooh/business-and-financial/management-analysts.htm.
- onetonline – https://www.onetonline.org/link/summary/15-2051.01?redir=15-1199.08.
- selecthub – https://www.selecthub.com/business-intelligence/bi-software-healthcare/.
- villanovau – https://www.villanovau.com/resources/bi/business-intelligence-in-healthcare/.
How Useful is Healthcare Commercial Intelligence
One of the key benefits of healthcare commercial intelligence is its ability to help healthcare organizations identify trends and patterns that can inform strategic decision-making. By analyzing data on patient demographics, treatment outcomes, and costs, healthcare providers can better understand their patient populations and tailor their services to meet their needs. For example, healthcare commercial intelligence can help hospitals determine which services are in high demand, allowing them to allocate resources more efficiently and improve the overall patient experience.
Additionally, healthcare commercial intelligence can help healthcare organizations optimize their operations and improve their financial performance. By analyzing data on costs, revenues, and reimbursement rates, healthcare providers can identify inefficiencies in their processes and make changes that can lead to cost savings and increased revenue. For example, healthcare commercial intelligence can help hospitals identify opportunities to streamline their billing processes, reduce waste, and negotiate better contracts with insurers.
Moreover, healthcare commercial intelligence can help healthcare organizations stay competitive in an increasingly complex and fast-paced industry. By providing real-time insights into market trends, competitor performance, and regulatory changes, healthcare commercial intelligence can help healthcare providers adapt to changes in the healthcare landscape and seize opportunities for growth. For example, healthcare commercial intelligence can alert providers to shifts in patient preferences or changes in government regulations, allowing them to adjust their strategies accordingly.
However, like any tool, healthcare commercial intelligence is only as effective as the people using it. In order to maximize the benefits of healthcare commercial intelligence, healthcare organizations must invest in the right technology, training, and talent. This includes hiring skilled analysts who can interpret the data and draw actionable insights, as well as implementing user-friendly tools that make it easy for decision-makers to access and understand the information.
In addition, healthcare organizations must prioritize data security and privacy when implementing healthcare commercial intelligence solutions. With increasing concerns about data breaches and privacy violations, healthcare providers must ensure that they comply with all relevant data protection regulations and take steps to safeguard their patients’ sensitive information. This includes implementing encryption and access controls, conducting regular audits, and investing in cybersecurity protocols to prevent unauthorized access to sensitive data.
Overall, healthcare commercial intelligence has the potential to revolutionize the healthcare industry and improve patient outcomes, operational efficiency, and financial performance for healthcare organizations. By investing in the right technology, talent, and processes, healthcare providers can harness the power of data to make informed decisions that benefit both their bottom line and the patients they serve.
In Conclusion
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