athenahealth Named Visionary Leader in US Healthcare Data Analytics by Frost & Sullivan
November 21 2019 - 11:22AM
athenahealth, Inc., a leading provider of network-enabled
healthcare IT services for ambulatory and enterprise customers
nationwide, announced today that it has been recognized as a Leader
in Frost & Sullivan’s Frost Radar in the US Healthcare Data
Analytics Market. Of the more than 150 companies offering both
modular and plug-in analytics solutions in the US healthcare
marketplace, athenahealth was one of only six companies selected as
a Leader for scoring high on both the Growth and Innovation indices
in the Frost Radar report.
According to the Frost Radar report, the US healthcare data
analytics market is valued at $7.9B in 2019 and expected to grow at
a compound annual growth rate of 15.75% from 2019 to 2024 to reach
$16.52B. Leaders on the Frost Radar “cumulatively manage or process
data of 90% of the US patient population, yield positive margins
with revenue between $4 billion and $5 billion from data analytics
solutions, and invest as much as $1 billion every year to build
progressive capabilities around data analytics.”
To download the complimentary Frost
Radar, click here.
“We’re proud to be recognized by Frost & Sullivan as a
Leader in the US healthcare data analytics industry,” said Bob
Segert, Chairman and Chief Executive Officer of athenahealth. “Our
single-instance, cloud-based platform gives providers the ability
to unlock and understand healthcare data from across the nation to
identify trends and help them get ahead of financial and clinical
issues, ultimately improving patient outcomes and boosting
performance.”
The Frost Radar illuminates the following athenahealth
strengths:
- athenahealth offers a cloud-based analytics platform that is
embedded into its flagship EMR, RCM, and PHM platforms.
- The athenahealth analytics engine is fueled by data from more
than 120,000 providers in the US to enable payers and providers to
practice value-based care as per the guidelines of MACRA (Medicare
Access and CHIP Reauthorization Act) and MIPS (Merit-Based
Incentive Payment System).
- The robust data and network visibility are used to benchmark a
customer’s clinical quality and financial performance at a regional
or national level.
“In an industry that is currently yielding a 14% negative margin
per dollar per patient, solutions like athenahealth’s are very much
in demand because they allow users to identify care gaps early and
intervene with evidence that improves patient outcomes and
quantifies how to control costs and increase revenues,” said
Koustav Chatterjee, Industry Analyst, Frost & Sullivan. “As the
US healthcare data analytics market continues to grow rapidly,
athenahealth, through its innovative practices, has primed itself
to remain a major player in the near and long-term future.”
About the Frost Radar The Frost Radar reveals
the market positioning of companies in an industry using their
Growth and Innovation scores as highlighted in the Frost Radar
methodology. The document presents competitive profiles on each of
the companies in the Frost Radar based on their strengths,
opportunities, and a small discussion on their positioning. Frost
& Sullivan analyzes hundreds of companies in the industry and
benchmarks them across 10 criteria on the Frost Radar, where the
leading companies in the industry are then positioned. Industry
leaders on both the Growth and Innovation indices are recognized as
best practice recipients.
About athenahealth, Inc.athenahealth partners
with hospital and ambulatory customers to drive clinical and
financial results. Our vision is to create a thriving ecosystem
that delivers accessible, high-quality, and sustainable healthcare
for all, and we are pursuing this through our medical record,
revenue cycle, patient engagement and care coordination service
offerings. Our expert teams build modern technology on an open,
connected ecosystem, yielding insights that make a difference for
our customers and their patients. For more information, please
visit www.athenahealth.com.
Contact: Jean Borgman media@athenahealth.com
617-402-1031
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