Burlington, VT (May 26, 2016) - HIMSS Analytics recently released its 2016 Essentials Brief: Clinical & Business Intelligence (C&BI) Study, a snapshot on the U.S. hospital analytics market. Essential Briefs are in-depth market research studies focused on identifying salient topics in the healthcare IT space that highlight mind share, market share and market opportunity of specific healthcare software technologies.
As the emphasis of healthcare changes from volume to value-based care, the use of analytical solutions will be necessary to support clinical, financial and operational decision making. However, market adoption has been modest to date and plans to make future investments in clinical and business intelligence solutions are uncertain.
The 2016 Essentials Brief: Clinical & Business Intelligence Study offers insight from 155 hospital executives, clinical, financial and operational department heads and IT personnel on their current C&BI usage as well as future plans for C&BI solution adoption. Comparative insights are also provided from HIMSS Analytics LOGIC™, the most comprehensive and intuitive global market intelligence tool in healthcare IT.
“It is not surprising to see moderate adoption levels of clinical and business solutions, or minimal investment plans as organizations have been focused on other clinical areas,” says HIMSS Analytics Director of Research, Brendan FitzGerald. “However, with the shift to value-based care and the potential impact of predictive and prescriptive analytics on patient care, growth in this solution category should increase significantly in the next three to five years.”
Highlights of the 2016 study include:
Current and future adoption of clinical and business intelligence solutions Vendor market share, mind share and market opportunity in the clinical and business intelligence solution category Study respondents currently with a clinical and business intelligence solution revealed limited tactical or inconsistent/uncoordinated efforts toward data governance within their organization
More study respondents with a C&BI solution utilize embedded tools within their EHR/HIS versus a best-of-breed or self-developed solution for their analytical needs
Based upon the HIMSS Analytics Adoption Model for Analytics Maturity (AMAM), respondents self-qualified as having a relatively low level of organizational analytics maturity
Uncertainty around plans to purchase a C&BI solution remains high as organizations rely upon current tools to make clinical and business decisions and focus on upgrading other clinical areas. Click here for more information on the 2016 HIMSS Analytics Clinical & Business Intelligence Essentials Brief.
Tweet about the 2016 Clinical and Business Intelligence Essentials Brief.
HIMSS Analytics media contact:
Ryan Parisi
HIMSS Analytics Marketing
Press@himssanalytics.org
About HIMSS Analytics
HIMSS Analytics is a global healthcare advisor, providing guidance and market intelligence solutions that move the industry forward with insight to enable better health through the use of IT. As a trusted healthcare research and advisory firm, the industry depends on HIMSS Analytics’ resources, benchmarks, predictive models and assessment tools to improve decision making regarding their IT strategic roadmap and market strategy. HIMSS Analytics is uniquely positioned and differentiated through its industry focused offerings which include a Healthcare IT market intelligence tool, Healthcare IT insights and Healthcare IT benchmarks and services.
HIMSS Analytics a wholly owned subsidiary of HIMSS headquartered in Burlington Vermont, is the healthcare research and advisory firm for healthcare delivery organizations, IT companies, governmental entities, and financial, pharmaceutical, consulting and emerging technology solution partners.
As the emphasis of healthcare changes from volume to value-based care, the use of analytical solutions will be necessary to support clinical, financial and operational decision making. However, market adoption has been modest to date and plans to make future investments in clinical and business intelligence solutions are uncertain.
The 2016 Essentials Brief: Clinical & Business Intelligence Study offers insight from 155 hospital executives, clinical, financial and operational department heads and IT personnel on their current C&BI usage as well as future plans for C&BI solution adoption. Comparative insights are also provided from HIMSS Analytics LOGIC™, the most comprehensive and intuitive global market intelligence tool in healthcare IT.
“It is not surprising to see moderate adoption levels of clinical and business solutions, or minimal investment plans as organizations have been focused on other clinical areas,” says HIMSS Analytics Director of Research, Brendan FitzGerald. “However, with the shift to value-based care and the potential impact of predictive and prescriptive analytics on patient care, growth in this solution category should increase significantly in the next three to five years.”
Highlights of the 2016 study include:
Current and future adoption of clinical and business intelligence solutions Vendor market share, mind share and market opportunity in the clinical and business intelligence solution category Study respondents currently with a clinical and business intelligence solution revealed limited tactical or inconsistent/uncoordinated efforts toward data governance within their organization
More study respondents with a C&BI solution utilize embedded tools within their EHR/HIS versus a best-of-breed or self-developed solution for their analytical needs
Based upon the HIMSS Analytics Adoption Model for Analytics Maturity (AMAM), respondents self-qualified as having a relatively low level of organizational analytics maturity
Uncertainty around plans to purchase a C&BI solution remains high as organizations rely upon current tools to make clinical and business decisions and focus on upgrading other clinical areas. Click here for more information on the 2016 HIMSS Analytics Clinical & Business Intelligence Essentials Brief.
Tweet about the 2016 Clinical and Business Intelligence Essentials Brief.
HIMSS Analytics media contact:
Ryan Parisi
HIMSS Analytics Marketing
Press@himssanalytics.org
About HIMSS Analytics
HIMSS Analytics is a global healthcare advisor, providing guidance and market intelligence solutions that move the industry forward with insight to enable better health through the use of IT. As a trusted healthcare research and advisory firm, the industry depends on HIMSS Analytics’ resources, benchmarks, predictive models and assessment tools to improve decision making regarding their IT strategic roadmap and market strategy. HIMSS Analytics is uniquely positioned and differentiated through its industry focused offerings which include a Healthcare IT market intelligence tool, Healthcare IT insights and Healthcare IT benchmarks and services.
HIMSS Analytics a wholly owned subsidiary of HIMSS headquartered in Burlington Vermont, is the healthcare research and advisory firm for healthcare delivery organizations, IT companies, governmental entities, and financial, pharmaceutical, consulting and emerging technology solution partners.
