Where does medical data come from?

Depending on your IT ecosystem, analytical algorithms can use surveys, EHR/EMR, CRM, insurance claims, laboratory systems and medical device data.

What is advanced analytics in healthcare?

This term is often used to describe automated data analysis that uses techniques and tools more complex than traditional business intelligence (AI, ML, blockchain, etc.).

What algorithms do data analytics platforms employ?

The “big five” algorithms used in medical data analytics are linear regression, logistic regression, classification and regression trees, K-nearest neighbors, and K-means clustering. However, you can ask the vendor what algorithm is used in a particular case.

What is the cost of healthcare analytics solutions?

The cost varies significantly across solutions depending on the functionality and the amount of data they are processing. You’d better discuss the cost with your developer company when you have a solid idea of your future analytical software.

Healthcare Data Analytics Services and Technology Overview