The United States healthcare analytics market is anticipated to develop with a CAGR of 25.59% during the estimated period, reaching a revenue share of $49633.83 million by 2028. The base year considered for the studied market is 2021, and the forecast years are from 2022 to 2028.

The country’s market growth is strengthened by the presence of well-established companies, government support, and the big data revolution

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Healthcare analytics is characterized as healthcare assessment activities undertaken as a result of data gathered from numerous medical areas. These entail clinical data, pharmaceutical and research and development data, patient behavior, and sentiment data.

In order to develop healthcare services in the United States, several federal programs and policies are being initiated by the government. For instance, the country’s government encourages the usage of healthcare information by means of numerous initiatives as well as policies. Moreover, the Affordable Care Act (ACA), the most important healthcare legislation across the United States, authorized the Department of Health and Human Services to release information that facilitates transparency within the medical insurance and healthcare sector.

On the other hand, a large number of players in the United States provide healthcare analytics solutions. The majority of the leading firms such as Optum, SAS Institute, Oracle, and IBM Corporation, among others, offer comprehensive services across North America. The United States government also invests in the healthcare analytics market for the development of technology. These primarily include the use of EMRs, among others. As a result, such factors are anticipated to propel the healthcare analytics market growth in the United States during the forecasted period.

The United States healthcare analytics market is segmented into type, delivery mode, component, application, and end-user. The end-user segment is further categorized into provider, ACOS, HIES, MCOS, and TPAS, and payer. Healthcare payer analytics helps gain market intelligence, understand the risk for the patient population, and find the right providers as well as specialists to partner with. It also constitutes healthcare quality improvement in order to enhance healthcare delivery. A single payer can save over $350 million in administrative costs alone by using advanced analytics to transform care management. Moreover, it can also develop more robust member segmentation as well as targeting.

On the other hand, healthcare provider analytics is a health informatics platform that supports patient care and optimizes performance in the pay-for-performance model. It primarily utilizes analytics services and tools for meeting future business requirements. Furthermore, it decreases the risk of hospital-acquired conditions and readmissions through the analysis of vital indicator trends in patients.

Some of the key companies operating in the United States healthcare analytics market include SAS Institute, IBM Corporation, Oracle, etc.

International Business Machines (IBM) Corporation is an American multinational technology corporation offering IT services, enterprise systems and software, and cloud and cognitive offerings. The company operates across North America, the Middle East & Africa, Latin America, Europe, and the Asia-Pacific.

The company’s product, IBM Digital Health Pass, enables businesses to establish their entry criteria for vaccination status or test results, in addition to verifying numerous types of widely utilized health credentials. The technology minimizes the need for the collection and storage of personal data, helping individuals meet HIPAA, CCPA, and GDPR regulations.

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