Tag Archives: healthcare

Healthcare Business Intelligence Market : A Breakdown of the Industry by Technology, Application, and Geography

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The global healthcare business intelligence market is anticipated to reach value of USD 15.14 Billion by 2027, according to a current analysis by Emergen Research. The global healthcare business intelligence(BI) market is expected to expand significantly during the forecast period, owing to increasing demand for improved claim management solutions in the healthcare industry. Rising demand for better cost management solutions is likely to drive the global healthcare business intelligence market further in the near future. Moreover, rising adoption of data-driven decision-making solutions in the healthcare industry is also expected to drive the global healthcare BI market during the forecast period.

๐“๐จ ๐ ๐ž๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ Healthcare Business Intelligence Market ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฏ๐ข๐ฌ๐ข๐ญ @ https://www.emergenresearch.com/request-sample/460

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐“๐จ๐ฉ ๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž Healthcare Business Intelligence Market Domo Inc., Tableau Software, Sisense Inc., Microsoft Corporation, Qlik Technologies Inc., Infor Inc., SAP SE, Salesforce.com, Inc., Oracle Corporation, and MicroStrategy Incorporated

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ:

The report offers insightful information about the market dynamics of the Healthcare Business Intelligence Market . It offers SWOT analysis, PESTEL analysis, and Porterโ€™s Five Forces analysis to present a better understanding of the Healthcare Business Intelligence Market , competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Healthcare Business Intelligence Market

Increasing demand for improved claim management solutions in the healthcare industry and rising demand for better cost management solutions are driving the healthcare business intelligence market.โ€” Emergen Research

๐…๐จ๐ซ ๐ฌ๐ญ๐š๐ญ๐ข๐ฌ๐ญ๐ข๐œ๐š๐ฅ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ ๐จ๐ง Healthcare Business Intelligence Market ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, Request for Free Sample Report

๐’๐จ๐ฆ๐ž ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :

In August 2020, Knarr Analytics LLC was acquired by Qlik Technologies Inc. The deal would improve Qlik’s Cloud Platform Active Intelligence capability, which offers comprehensive insights to enable data-driven activities.

During the forecast period, the software segment is expected to retain the largest market share, expanding at a CAGR of 14.7%. Business intelligence software helps healthcare organizations collect, interpret, and process data into appropriate business information, which is projected to fuel the segment during the forecast period.

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Healthcare Financial Trends for 2022

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The trajectory of the COVID-19 crisis suggests a long-tailed recovery. The latest financial data reveals the ongoing challenges.

The trajectory of the COVID-19 crisis suggests a long-tailed recovery. The latest financial data reveals the ongoing challenges.

COVID-19 continues to dominate the headlines, and its massive influence on healthcare will extend throughout 2022. At the same time, longstanding issues demand attention. CommerceHealthcareยฎ recently completed its annual market scan and analysis of leading issues in finance and revenue cycle management (RCM). Healthcare Finance Trends for 2022 detail eleven trends that carry significant implications for the economic and operational wellbeing of health systems, hospitals, and physician practices.

Another Year of Financial Recovery

The trajectory of the COVID-19 crisis suggests a long-tailed recovery. The latest financial data reveals the ongoing challenges.

  1. Margin/Profitability. More than a third of hospitals maintained negative operating margins during 2021. Estimated total industry net income loss was $54 billion and median margin 11% below pre-pandemic levels. Hospitals paid an additional $24 billion for clinical labor during the year, $17 million for the average 500-bed hospital. Medical practices have suffered as well. Under 30% of surveyed primary care practices reported being financially healthy.
  2. Revenue and Volume. An encouraging but decidedly mixed picture emerges on the demand side. Through August 2021, overall healthcare spending was 7.2% higher than the previous year, distributed as displayed in Figure 1. Spending has lagged GDP growth. Hospital revenue grew, but volume of overall discharges and emergency department (ED) visits remains depressed from 2019 and flat for OR minutes. The longer-term utilization outlook sees inpatient volume decreasing 1% through the end of the decade, outpatient rising 14% and ED growing 5% for emergent and falling 15% for urgent.
  3. Cash/Liquidity. This metric was bolstered by COVID-19 government subsidies and expedited insurance reimbursements. Disciplined cash management will be required as these supports are removed. In fact, a recent article detailed an emerging liquidity challenge. Major insurers are behind on billions of dollars in payments for various reasons.7
  4. Medical Cost Trend. Another closely watched indicator is growth in employer medical costs. Forecasts for 2022 include:
    1. PwC: 6.5%8
    2. Willis Towers: 5.2%9
    3. Aon: 4.8%10
Health spending by category

Health spending by category

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Read more at Healthcare Financial Trends for 2022

Record-Breaking Supply Chain Disruptions and Supply Shortages

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Factory Fires, Mergers & Acquisitions, Business Sales, Factory Disruptions, and Leadership Transitions rank as the top five supply chain disruptions in the first six months of 2021, with life sciences, healthcare, and the automotive industry being most impacted.

Records are to be broken, say observers of the recently-concluded Olympics. But the dark side of such comfortable declarations was evident in global supply chains this year.

According to data released by Resilinc, a global leader in the supply chain risk monitoring space, human-caused supply chain disruptions are rising overall, with the amount of factory fires up 150% (when comparing the first half of 2021 to the first half of 2020).

This year is on track to have the most factory fires ever reported. The uptick is due mostly to gaps in regulatory and process execution as well as a shortage of skilled labor in warehouses.

The data also reveals that disruptions due to Supply Shortages (semiconductor chips, plastics, cardboard are all examples) were up 638% in the first half of 2021. Resilinc sent out 251 Supply Shortage alerts; this type of disruption ranked 6th in terms of most reported events (behind Leadership Transition). Supply Shortages are driving consolidations, mergers, and business sales as companies look to give a quick cash boost to the core business or optimize the supply chain to best serve the customer base.

In the first half of 2021, almost half (46.5%) of disruptive events occurred in North America, followed by Europe (23.43%), and then Asia (19.45%). In comparison, in the first half of 2020: North America had the most disruptive events; Asia had the second highest; Europe had the third most.

While Human Health disruptions, which include COVID-19 related events, ranked 19th in terms of the number of event alerts in the first half of the year, Resilinc has continued to designate the event as โ€œsevere.โ€ Itโ€™s the first time in the companyโ€™s history ranking an event at that level of impact.

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