Frost Radar™: Clinical Decision Support Systems in North America, 2023
Published on: 22-Sep-2023 | SKU: HC_2023_158

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This Frost Radar™ investigates the growth and innovation activity of clinical decision support system (CDSS) providers in their pursuit to help end users take the next best medical care action. A CDSS provides professionals with access to organized clinical knowledge integrated with the patient’s medical profile to improve their health and overall care delivery. These solutions have evolved from simply sharing alerts to collecting and analyzing data from disparate sources, then providing all relevant context to clinicians as they consider key care decisions. Today, a CDSS provides decision makers with actionable insights to improve clinical, operational, and financial performance as well as reduce errors or revenue leaks. Incorporating artificial intelligence (AI), such as analytics, conversational, or generative; cloud; and edge computing will positively impact the uptake and accuracy rate of CDSS solutions.

Frost & Sullivan segments the CDSS market into four categories: evidence/protocol, workflow, analytics, and point of care.

Evidence/protocol includes referential and evidence-based content alongside medical guidelines.

Workflow includes documentation, scheduling, billing, computerized provider order entry (CPOE), and order sets. The solutions in this segment are primarily sold as a subset of the CDSS with focus on operational efficiency rather than clinical efficiency.

Analytics refers to the IT platform capable of supporting the providers’ clinical decision-making and is customized based on end-user requirements.

Point-of-care solutions include patient data derived from medical devices and remote patient monitoring (RPM). Electronic health record (EHR) and clinical surveillance suppliers are included in this space. It includes rules-based engines capable of transforming data into actionable intelligence.

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.

Clinical Decision Support Systems in North America 2023

  • Clinical Decision Support Systems in North America

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.

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Impacting your company's future growth potential.

This Frost Radar™ investigates the growth and innovation activity of clinical decision support system (CDSS) providers in their pursuit to help end users take the next best medical care action. A CDSS provides professionals with access to organized clinical knowledge integrated with the patient’s medical profile to improve their health and overall care delivery. These solutions have evolved from simply sharing alerts to collecting and analyzing data from disparate sources, then providing all relevant context to clinicians as they consider key care decisions. Today, a CDSS provides decision makers with actionable insights to improve clinical, operational, and financial performance as well as reduce errors or revenue leaks. Incorporating artificial intelligence (AI), such as analytics, conversational, or generative; cloud; and edge computing will positively impact the uptake and accuracy rate of CDSS solutions. Frost & Sullivan segments the CDSS market into four categories: evidence/protocol, workflow, analytics, and point of care. Evidence/protocol includes referential and evidence-based content alongside medical guidelines. Workflow includes documentation, scheduling, billing, computerized provider order entry (CPOE), and order sets. The solutions in this segment are primarily sold as a subset of the CDSS with focus on operational efficiency rather than clinical efficiency. Analytics refers to the IT platform capable of supporting the providers’ clinical decision-making and is customized based on end-user requirements. Point-of-care solutions include patient data derived from medical devices and remote patient monitoring (RPM). Electronic health record (EHR) and clinical surveillance suppliers are included in this space. It includes rules-based engines capable of transforming data into actionable intelligence. 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
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 Clinical Decision Support Adoption
Keyword 2 Clinical Decision-Making Solutions
Keyword 3 Cdss
Podcast No
WIP Number K932-01-00-00-00

Frost Radar™: Clinical Decision Support Systems in North America, 2023

HealthcareFrost Radar™: Clinical Decision Support Systems in North America, 2023

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

RELEASE DATE
22-Sep-2023
REGION
North America
Deliverable Type
Frost Radar
Research Code: K932-01-00-00-00
SKU: HC_2023_158
AvailableYesPDF Download
$4,950.00
In stock
SKU
HC_2023_158