Accountable Care and Value-Based Purchasing Drives Adoption of Advanced Solutions for Health Data Analytics, Finds Frost & Sullivan

Accountable Care and Value-Based Purchasing Drives Adoption of Advanced Solutions for Health Data Analytics, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Aug. 16, 2012 - Analytics convert data into insight, helping hospitals realize the greatest value from electronic health records MOUNTAIN VIEW, California, Aug. 16, 2012 /PRNewswire/ -- The new era of health data analytics differs from the traditional business intelligence solutions utilized by hospitals to perform retrospective analysis. Advanced health data analytics encompass a more holistic approach whereby clinical data emerging from the growing adoption of electronic health records (EHRs) is combined with financial and administrative information so that a more well-rounded view of the quality and efficiency of patient care is presented for enhanced strategic decision-making. These new data analytics solutions include progressive real- time and predictive techniques, often provided by web-based systems that aggregate disparate data across diverse care settings. New analysis from Frost & Sullivan's (http://www.healthcareIT.frost.com) U.S. Hospital Health Data Analytics Market research finds that the adoption of advanced health data analytics in U.S. hospitals will increase significantly over the next five years. In fact, Frost & Sullivan predicts that the usage of advanced health data analytics solutions in hospitals will grow significantly from 2011 to 2016, increasing from the baseline 10.