Half of Healthcare Providers Are Looking to Buy Business Intelligence

OREM, UT, May 01, 2012 /24-7PressRelease/ -- A tidal wave of healthcare business intelligence (BI) purchases is anticipated to come in the next three years, according to the KLAS report, "Business Intelligence Perception 2012: A Wave is Coming." Energy around healthcare BI is increasing at a frenetic pace; half of providers are looking to buy or replace their BI solutions in the next three years. 

Providers have adopted a forward-thinking approach to BI. Not only do they want to use their new BI solution for clinical and financial data, but they are also seeking out solutions that have predictive analytics, data modeling, forecasting, trending, and other functionality that will help them get through various regulatory, HIE, and ACO challenges that lie ahead. One CIO told KLAS, "If hospitals can't produce data analytics in the next couple of years, they are going to suffer. As far as I am concerned, data is money in the future."

The vast majority of providers have an enterprise go-forward BI strategy, but some are planning to use a "hybrid strategy" of multiple BI vendors nonetheless to fulfill their organization's needs. "Seventeen percent of the customers we spoke with said that they are using multiple BI solutions to meet various departmental and reporting needs," stated author of the report Joe Van De Graaff. "And that number is likely to grow."

Overall, McKesson has received the most provider considerations, with IBM, Oracle, QlikTech, and SAP rounding out the top five alphabetically. Besides McKesson, a number of other core EMR vendors gained a noticeable portion of the mindshare. Providers interviewed for this research identified a total of 37 vendors they were considering for BI.

This perception study discusses how providers view prepackaged solutions versus tool sets, how core clinical vendors fare against third-party BI firms, how consulting firms are being considered in go-forward BI strategies, and how providers perceive each BI vendor's technology and performance.

To learn more about business intelligence, the report "Business Intelligence Perception 2012: A Wave is Coming" is available online to healthcare providers for a significant discount. Providers and vendors can visit www.KLASresearch.com/KLASreports for more information or to purchase the report. In addition, providers can participate in the research by evaluating a healthcare technology vendor they utilize at www.KLASresearch.com/eval.

About KLAS
KLAS is a research firm specializing in monitoring and reporting the performance of healthcare vendors. KLAS' mission is to improve HIT delivery by independently measuring vendor performance for the benefit of our healthcare provider partners, consultants, investors, and vendors. Working together with executives from over 4,500 hospitals and over 2,500 clinics, KLAS delivers timely reports, trends, and statistics, which provide a solid overview of worldwide vendor performance in the industry. KLAS measures performance of software, professional services, medical equipment, and infrastructure vendors. For more information, go to www.KLASresearch.com, email [email protected], or call 1-800-920-4109 to speak with a KLAS representative. Follow KLAS on Twitter at www.twitter.com/KLASresearch.

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