The healthcare industry is undergoing a data revolution, and analytics is at the heart of it. This Frost Radar™ will reveal the strategies, technologies, and innovations that are shaping the industry and driving success. By understanding the current landscape, digital health readers can stay ahead of the curve, identify emerging trends, and make informed decisions to enhance organizational performance and patient care.
Healthcare data analytics involves the collection, analysis, and interpretation of large volumes of data generated by healthcare organizations. This includes patient records, medical images, financial data, and data from internet of things (IoT) devices and wearables, among others.
The market is still maturing, with a variety of companies offering diverse solutions to an expanding customer base. The primary revenue stream comes from software and services, including the sale of data analytics platforms, as well as professional services such as data integration, consulting, and post-sales support. Many small and medium-sized companies offer niche solutions.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Strategic Imperative
Strategic Imperative (continued)
Growth Environment
Growth Environment (continued)
Growth Environment (continued)
Frost Radar™: Healthcare Data Analytics, 2024
Frost Radar™ Competitive Environment
Frost Radar™ Competitive Environment (continued)
AWS
AWS (continued)
AWS (continued)
Clarify Health
Clarify Health (continued)
Clarify Health (continued)
Cotiviti
Cotiviti (continued)
Cotiviti (continued)
Google (continued)
Google (continued)
Google (continued)
Health Catalyst
Health Catalyst (continued)
Health Catalyst (continued)
Health Catalyst (continued)
HealthWorksAI
HealthWorksAI (continued)
HealthWorksAI (continued)
Inovalon
Inovalon (continued)
Inovalon (continued)
Inovalon (continued)
Innovaccer
Innovaccer (continued)
Innovaccer (continued)
LexisNexis Risk Solutions
LexisNexis Risk Solutions (continued)
LexisNexis Risk Solutions (continued)
Microsoft
Microsoft (continued)
Microsoft (continued)
Optum
Optum (continued)
Optum (continued)
Oracle Health
Oracle Health (continued)
Oracle Health (continued)
Salesforce
Salesforce (continued)
Salesforce (continued)
SAS
SAS (continued)
SAS (continued)
Solventum (3M)
Solventum (3M) (continued)
Solventum (3M) (continued)
Best Practices
Growth Opportunities
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Next Steps
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Dr. Rishi Pathak |
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Healthcare Data Analytics |
| Keyword 2 | Medical Data Trends |
| Keyword 3 | Ai In Healthcare |
| Podcast | No |
| WIP Number | KA35-01-00-00-00 |
Frost Radar™: Healthcare Data Analytics, 2024
A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
04-Oct-2024
Global
Frost Radar
