Frost Radar™: Healthcare Data Analytics, 2024
Published on: 04-Oct-2024 | SKU: HC_2024_1049

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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

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.

Have questions about this research or need deeper insights?
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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.

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.
More Information
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

HealthcareFrost Radar™: Healthcare Data Analytics, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
04-Oct-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: KA35-01-00-00-00
SKU: HC_2024_1049
AvailableYesPDF Download
$4,950.00
In stock
SKU
HC_2024_1049