2019 Provider Analytics
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Preview 2019 PROVIDER ANALYTICS CURRENT SOLUTIONS AND TOOLS FOR HEALTHCARE DELIVERY CHILMARK RESEAR C H MARKET TRENDS REPORT MARCH 2019 2 This document is merely meant to provide a preview of this report. To purchase a full version, please follow the link below: CHILMARK https://chilmark.co/2019Analytics H C R RESEA CHILMARK H C R RESEA © 2019 CHILMARK RESEAR C H CHILMARK RESEAR C H MARCH 2019 ABOUT CHILMARK RESEARCH Chilmark Research is a global research and advisory firm whose sole focus is the market for healthcare IT solutions. This focus allows us to provide our clients with the most in-depth and accurate research on the critical technology and adoption trends occurring throughout the healthcare sector. Areas of current research focus include among others: Clinician Network Management, Cloud-computing Models for Healthcare, IT-enabled Accountable Care Organiza- tions, Care Coordination, Adoption of Mobile Technology and Consumer-facing Health & Wellness Appli¬cations and Services. Using a pragmatic, evidence-based research methodology with a strong emphasis on primary research, Chilmark Re- search structures its research reports to serve the needs of technology adopters, consultants, investors and technol- ogy vendors. In addition to reports for the general market, Chilmark Research performs research for clients based on their specific needs. Such research has included competitive analyses, market opportunity assessments, strategic as- sessment of market and vendors for partnership and/or acquisition. In 2012, Chilmark Research launched the Chilmark Advisory Service (CAS) in direct response to clients’ request for a continuous feed of research on the most pertinent trends in the adoption and use of healthcare IT. This is an annual subscription that provides not only access to a number of re-search reports throughout the year, but also direct access to Chilmark Research analysts to answer specific client needs. Please contact us directly for further information about CAS. Chilmark Research is proud of the clients it has had the pleasure to serve including Abbott Labs, Bluetooth Special In- terest Group, Catholic Healthcare East, Cerner, HCA, Highmark, IBM, Kaiser-Permanente, McKesson, McKinsey, Mi- crosoft, and Thomson Reuters to name a few. It is our hope that at some future date we will have the pleasure to serve 3 you as well. Chilmark Research LLC 1 Beacon St, 15th Floor Boston, MA 02108 www.ChilmarkResearch.com [email protected] CHILMARK Ph. 617.615.9344 RESEAR C H The information in this report is proprietary to and copyrighted by Chilmark Research. No part of this report may be reproduced or distributed without prior permission of Chilmark Research. The information contained within the report is not intended as a solicitation of an offer to buy or sell any investment or other specific product. All information and opinions expressed in this report were obtained from sources believed to be reliable and in good faith. No representations or warranty expressed or implied is made as to its accuracy or completeness. Trademarked and service marked names appear throughout this report. Rather than use a trademark or service mark symbol with every occurrence, names are used in an editorial fashion, with no intention of infringement of the respective owner’s trademark or service mark. CHILMARK RESEAR C H 2019 PROVIDER ANALYTICS: SOLUTIONS AND TOOLS FOR HEALTHCARE DELIVERY MARCH 2019 TABLE OF CONTENTS CHAPTER 1: EXECUTIVE SUMMARY 9 Key Takeaways ....................................................................................................................11 CHAPTER 2: PROVIDER ANALYTICS TECHNOLOGIES AND MARKETS 12 Analytics Across the Provider Enterprise .....................................................................12 Putting Reports into Practice ...................................................................................12 Healthcare Analytics Technology Review .....................................................................12 Mainstream Analytics ................................................................................................12 Electronic Health Records and Claims Data .............................................................................. 13 Other Data Sources for Analytics ................................................................................................ 13 Moving Applications from Descriptive to Prescriptive .........................................14 Advanced Analytics....................................................................................................15 AI and ML ........................................................................................................................................... 15 Data Science ...................................................................................................................................... 15 Big Data .............................................................................................................................................. 16 Challenges for Advanced Analytics.............................................................................................. 16 Healthcare Provider Use Cases .......................................................................................17 Hospital Use Cases ...................................................................................................17 Non-hospital Use Cases ............................................................................................18 Vendor Types .......................................................................................................................20 EHR Vendors ..............................................................................................................20 4 Independent Vendors ................................................................................................21 Claims Analytics Vendors ..........................................................................................21 Analytics Maturity ..............................................................................................................22 CHILMARK CHAPTER 3: VENDOR EVALUATIONS AND PROFILES 24 H C R RESEA Chilmark Bearing – Provider Analytics ..........................................................................24 Vendor Letter Grades ........................................................................................................25 Detailed Vendor Ratings ...................................................................................................25 Product Capabilities Ratings.....................................................................................25 CHILMARK Vendor Product Capabilities .....................................................................................28 H C R RESEA TABLE Of CONTENTS © 2019 CHILMARK RESEAR C H CHILMARK RESEAR C H MARCH 2019 Market Execution Ratings .........................................................................................29 Vendor Market Execution Ratings ...........................................................................30 Vendor Profiles ....................................................................................................................31 Inclusion Criteria ........................................................................................................31 VENDOR PROFILES 32 Allscripts ........................................................................................................................................................ 32 Arcadia.io ....................................................................................................................................................... 34 athenahealth ................................................................................................................................................ 36 CareEvolution ............................................................................................................................................ 38 Cerner Corporation ................................................................................................................................. 40 Change Healthcare ................................................................................................................................... 42 eClinicalWorks ............................................................................................................................................ 44 Epic Systems Corporation ..................................................................................................................... 46 forward Health Group ........................................................................................................................... 48 Health Catalyst ........................................................................................................................................... 50 HealthEC ....................................................................................................................................................... 52 IBM Watson Health .................................................................................................................................. 54 Innovaccer .................................................................................................................................................... 56 Lightbeam Health Solutions .................................................................................................................