Healthcare Analytics Consulting
With 50+ projects in data analytics and 150+ projects in healthcare, ScienceSoft delivers regulatory-compliant solutions that help healthcare organizations make data-driven decisions on operations optimization, cost reduction, improved service delivery, and more.
Healthcare analytics consulting is a way to get actionable insights from healthcare data and support fact-based decision-making. In data analytics since 1989 and in healthcare since 2005, ScienceSoft provides healthcare data management services to optimize clients' clinical and business processes.
Healthcare Data Analytics Market Overview
In 2022, the healthcare data analytics market was estimated at $37.15 billion worldwide. Analysts expect the market to reach $121 billion by 2030, increasing at a CAGR of 15.9%. Over half of the market is represented by solutions for life science companies, followed by solutions for healthcare providers. Among the key growth factors are the need to enhance medical staff performance, cut unnecessary costs, and improve health outcomes.
How the Healthcare Industry Utilizes Data Analytics
- 56% of leading healthcare organizations worldwide have adopted/started adopting some type of predictive analytics software, according to Statista.
- 85% of healthcare executives consider data analytics vital to achieving their business objectives.
- 51% of healthcare organizations say that data integration and interoperability are key barriers to implementing efficient data analytics.
- After hospital data analytics implementation, healthcare providers report that 70-80% of emergency readmissions are predicted and can be prevented by timely care interventions.
Data Analytics Capabilities for Healthcare
ScienceSoft, a Reliable Healthcare Analytics Company
- 35 years in data analytics and 11 years in image analysis and big data.
- 19 years in healthcare IT, data warehousing, and BI services.
- Expert at HIPAA, HITECH, GDPR, and more.
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A seasoned team of healthcare analytics consultants, developers, and solution architects with 12–27 years of experience.
- A trusted partner of Microsoft and an authorized AWS Solution Provider.
- Security management approach and quality management system for medical device software proven by ISO 27001 and ISO 13485 certifications.
- Health Tech Digital awarded ScienceSoft’s RPM solution with the Best Healthcare Technology Solution Award 2022.
- Featured among the leaders of the medical image analysis software market researches by MarketsandMarkets and Coherent Market Insights.
What makes ScienceSoft different
We achieve project success no matter what
ScienceSoft does not pass mere project administration off as project management, which, unfortunately, often happens on the market. We practice real project management, achieving project success for our clients no matter what.
Healthcare Analytics Solutions ScienceSoft Offers
- Design of a healthcare data warehouse and data marts to structure healthcare data for analytical querying and reporting.
- Protected Health Information (PHI) storage.
- Integrated storage of EHR/EMR, ERP, HR management systems data, data from public medical databases, R&D results data, etc.
- Operational analytics (staff scheduling optimization, facility maintenance, claims management, etc.).
- Patient analytics (patient segmentation, patient journey analytics, treatment plans optimization, etc.).
- Financial analytics (financial fraud detection, financial risk management, etc.).
- Performance monitoring of the healthcare staff.
- Pharma data analytics (production cycle optimization, clinical trials data analysis).
Healthcare data visualization
- Real-time self-service operational dashboards (hospital admissions and load, EMR/EHR data, etc.).
- Strategic interactive dashboards (key performance indicators, patient trends, hospital performance, etc.).
Big data in healthcare
- Capture and storage of EHR/EMR data, medical device data, data from patient apps, portals, other patient-related data.
- Real-time medical device analytics.
- Remote patient monitoring, alerting on trends and patterns in a patient’s condition requiring a doctor’s attention.
- Personalized care plan recommendations.
Predictive analytics
- Healthcare supply chain optimization and planning (ML-based demand forecasting, supplier risk management, etc.).
- Disease management (ML-based prediction of patient readmissions, diagnosis validation, etc.).
- Health insurance management (defining optimal health care plans, potentially fraudulent claims or high-value losses, etc.).
AI-enabled medical imaging
- Establishing diagnosis.
- VR-enabled 3D imaging to provide interactive education for practitioners and medical students.
- AI-powered virtual assistants to provide patients with answers/recommendations based on their medical history, personal needs, etc.
The primary goal of any efficient analytics solution is to eliminate data silos and create a single point of truth. This can be especially challenging due to the number and the interconnection of possible data sources for the solution-to-be. For instance, clinical analytics will surely benefit from LIS and RIS data. Still, most of our clients already have these systems integrated with their EHR, which would make individual integration a waste of resources. That is why ScienceSoft usually starts with auditing data sources and eliciting the goals our clients want to achieve with their data.
Success Stories
Healthcare Analytics Services We Offer
Healthcare data analytics consulting
What we do:
- Analyze your needs to identify how your org can benefit from data analytics.
- Design a detailed healthcare analytics strategy.
- Design a data analytics solution and plan an implementation roadmap.
- Support your org during the project design, implementation, and evolution.
Full healthcare analytics outsourcing
We take over:
- Needs analysis to design a tailored healthcare analytics solution.
- Selection of a healthcare data analytics platform and a tech stack.
- Implementation of a secure and compliant solution, development of analytics modules to complement the existing apps.
- Support, maintenance, and evolution of a cloud analytics solution (if required).
Our Healthcare Data Analytics Tools & Techs
Frequent Questions About Healthcare Analytics, Answered
What types of data are used in healthcare data analytics?
Depending on the integrated sources, a healthcare data analytics solution can handle clinical, operational, and financial data, e.g.:
- Patient and treatment data: patient medical history, health outcomes, discharge summaries, medication records, lab results.
- Population health data: mortality rates, life expectancy, health-influencing behaviors and lifestyles, outcomes of public campaigns.
- Patient-generated data: logs of symptoms and vitals from patient apps and portals, real-time vitals data from sensors and wearables.
- Insurance, billing, and cost data: data on rejected claims and the reasons for denial, patient payment history, accounts receivable and accounts payable.
- Patient-hospital interaction data: patient satisfaction, no-shows, and post-visit surveys.
- Clinical trial and research data: the participants' demographics, outcomes, side effects, compliance with established protocols.
- HR data: employee performance, compensations, and turnover data.
- Internal processes data: patient flow, resources utilization, performance metrics.
- Pharma analytics data: genomic data, drug sales data.
How do you ensure the security and privacy of your clients' data?
As a seasoned healthcare data analytics company, we rely on our mature ISO 27001-certified security management system and leverage the experience of our in-house healthcare compliance experts. ScienceSoft develops healthcare analytics software (including advanced analytics solutions like SaMD) in complete alignment with all the required global and local standards, including US and EU regulations (HIPAA, GDPR, FDA, and MDR) and the requirements of the GCC countries' health authorities (e.g., MOH, ADHICS).