The healthcare analytics market is expected to grow at a compound annual growth rate of 23.7 percent to go from $3.7 billion in 2012 to $10.8 billion in 2017, according to a Research and Markets forecast.
The demand for healthcare analytics solutions is being driven by federal healthcare requirements and improvements in the technology itself. Providers and payers are the largest consumers of healthcare analytics technology, with goals ranging from improved diagnostic abilities to fraud prevention to better cost management.
Among payers and providers, healthcare analytics solutions have shown a five-year median return on investment, with a total ROI between 10 percent and 1,000 percent.
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