Reasoning Company Acquired Shareable In Healthcare Analytics Market to expand their services
Added: (Mon Jan 07 2019)
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The healthcare analytics market size is expected to grow around $35 billion by 2022 growing at double digit compound annual growth rate (CAGR). The growth in the healthcare analytics market is mainly due to increasing availability of big data in healthcare industry, pressure to reduce costs and integration of advanced technologies in the healthcare industry.
The global healthcare analytics market is segmented into clinical data analytics, administrative & operational, financial analytics and others. Healthcare financial data analytics is the largest revenue contributor to the healthcare analytics market based on type of applications. These financial analytics are further subdivided into risk analytics, revenue cycle analytics and claims analytics.
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The growing demand for big data analytics, technological advancements and drastically changing costs dynamics is expected to increase the potential for global healthcare analytics market in the forecast period.
Nashville-based cognitive Digital Reasoning Company acquired Shareable, a fellow Music City tech company known for its clinical documentation platform. By combining Shareable technology, which automated clinical data collection at the point of care, with Digital Reasoning’s analytics, the acquisition of the company gave clinicians a more comprehensive view of patients by aggregating patient data across healthcare information systems.
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