The market for business intelligence (BI) in healthcare is wide open, according to a KLAS (Orem, Utah) report entitled, Enterprise Business Intelligence: Opening the Flood Gate Report 2008.
Of the more than 150 healthcare professionals who were interviewed, 45 percent of respondents report having an evolving BI strategy and 23 have a defined strategy (32 percent report having no strategy or that it is too early to tell). The BI marketplace has moved to the forefront of awareness in healthcare technology, says the report, as providers aim to deliver quality patient care while controlling costs and dealing with issues such as increased regulatory requirements, the heightened need for industry benchmarking, and pay for performance initiatives.
KLAS found that many organizations are dissatisfied with current solutions measuring performance improvement and feel that a new level of data aggregation, analysis and reporting across the enterprise is needed to fulfill existing and future requirements. Therefore, states the report, many are turning to enterprise BI solutions.
The top ten considered vendors in the research were Avega (MedAssets), Business Objects (SAP), Cerner, Cognos (IBM), Eclipsys, Lawson, McKesson, Microsoft, Oracle, and Siemens.