KLAS reports on how the healthcare analytics market is changing in the new paradigm of value-based care

Amid the shift toward value-based care, providers’ analytics needs are drastically changing, resulting in vendors rushing to the market with a wave of new products, including more targeted solutions. This according to the most recent KLAS report,Healthcare Analytics Perception 2014: Analytics for Value-Based Care—A New Paradigm.”

The healthcare analytics market is bursting with vendors, giving providers more options than ever before. In fact, in this perception study, providers mentioned a staggering 87 different vendors being considered for BI/analytics in value-based care. To that point, no single vendor was mentioned more than 7% of the time. In this report, KLAS makes sense of the growing vendor crowd and provides insights into the most-considered vendors.

“Business intelligence and analytics have gone from a ‘nice-to-have’ to a ‘must-have’ in today’s challenging healthcare environment,” said Joe Van De Graaff, report author. “To fulfill short-term analytics needs, many providers report shifting more consideration to vendors with healthcare-specific solutions. However, a clear market leader has yet to emerge.”

KLAS spoke to more than 100 healthcare providers to capture which vendors they are considering and in which specific arenas. Visit KLAS online at www.KLASresearch.com/KLASreports.