Over the next five years, hospital adoption of advanced health data analytics will increase significantly, according to a report by Frost & Sullivan, Healthcare IT News reports (McCann, Healthcare IT News, 8/16).
The report looked at trends and issues affecting the market for health data analytics in hospitals.
It also reviewed the challenges and market drivers for health data analytics through 2016 (Frost & Sullivan release, 8/16).
In the report, Frost & Sullivan predicted that hospital use of advanced health data analytics tools will increase from a 10% adoption rate in 2011 to a 50% adoption rate in 2016.
The increase represents a 37.9% compound annual growth rate, according to the analysis (Shaw, FierceHealthIT, 8/16).
Comments on Report
Nancy Fabozzi -- Frost & Sullivan Connected Health principal analyst -- said that hospitals increasingly will invest in health data analytics systems "to monitor end-to-end care delivery across a variety of settings."
Fabozzi said, "Due to growing competitive pressures, hospitals need to provide comprehensive reporting on performance and quality measures to a variety of stakeholders." She added, "Advanced analytics capabilities are absolutely critical for survival -- there is no way to avoid it" (Healthcare IT News, 8/16).