Top 10 Healthcare Analytics Companies to Watch in 2025 for Innovation & Growth
The future of healthcare is being reshaped by data, analytics, big data, and artificial intelligence (AI). Healthcare leaders like Divya Pathak, Chief Data and AI Officer at NYC Health + Hospitals, highlight “that the integration of advanced technologies is no longer a luxury but a necessity for modern healthcare systems.”
Healthcare data now constitutes nearly 32% of the world’s data volume, and thus with this abundance of data comes the challenge of not only managing this explosion of information but also harnessing its potential to improve patient outcomes, optimize operations, and drive innovation.
Health leaders are currently facing a triad of formidable challenges with the relentless increase in medical costs projected for 2024, up from 5.5% and 6.0% in 2022 and 2023, respectively. Skyrocketing healthcare administration costs that represent about 30% of excess U.S. health spending; and ongoing workforce challenges, which more than one-third (37%) of health plan executives say will impact their strategy in 2024.
Amid these conditions, the lack of technology and lack of data strategy limits the ability of health plans to increase their reach and improve their efficiency, speed, and effectiveness with utilization management efforts;
By improving technology and automation, strategically using healthcare analytics companies, increasing the effective use of digital campaigns, and enhancing the strategic use of data, care teams can cover more patients and overcome the barriers staffing limitations impose.
Importance of Innovation in Healthcare Analytics
This is the era where the use of technology has not just been limited to surfing or other critical functionalities; it has strategically shifted towards day-to-day necessity. However, healthcare is the only sector that has been stagnant and has been hesitant to adjust.
Data governance Healthcare data integration and healthcare analytics are nonexistent in the day-to-day operations of more than half of healthcare organizations, and 97% of the data being generated just goes into thrash.
However, when it comes to interpreting data, there has always been a lack of analytical expertise to make sense. So opportunities to improve healthcare services, such as better diagnosis and care are being squandered. Also, industry experts have pointed to other shortcomings that were exposed as a result of the pandemic, including poor data quality, time-consuming analytic methods, and less training on the better usage of the data.
As, the industry is innovating to understand the future enhancement and going further, “digital health solutions and technological advancements will play a significant part in the changing and challenging health care ecosystem." These healthcare data analytics companies will focus more on increased efficiency, financial stability, and enhanced outcomes.
Role of AI and machine learning in healthcare Analytics
With this ever-evolving world, AI and machine learning are changing the way healthcare analytics, and for that matter, healthcare as a whole, is looked upon. It has transformed the way medical data are collected, analyzed, and utilized for patient care.
According to the reports and the global market, it is said that AI and machine learning are going to change the description of how healthcare is generally looked upon. This has thus resulted in a rise in industry projections, with the AI healthcare market expected to reach $8 billion by 2026, demonstrating its demand and significance in the healthcare industry.
These AI-enabled technologies are breakthrough applications as they are helping in predicting heart attacks through AI-generated algorithms. These algorithms can help in analyzing coronary CTA images and predicting patterns which can help in the diagnosis of critical health conditions like diabetes and breast cancer in seconds.
AI-powered systems are even helping in improving the Electronic Health Records system through deep learning that is backed by speech recognition software enabling real-time documentation, which is thus helping in reducing human errors and thus can help in recognizing patients at risk.
Healthcare Analytics Market worth $85.9 billion by 2027
The Healthcare Analytics Market is projected to reach USD 85.9 billion by 2027 from USD 27.4 billion in 2022, at a CAGR of 25.7% during the forecast period according to a new report by Markets and Markets.
Top healthcare analytics companies are mainly driven by factors such as the development of integrated healthcare analytics, the need to comply with regulatory requirements, the rising prevalence of chronic diseases, and the growing focus on real-world evidence. However, the dearth of skilled professionals and reluctance to adopthealthcare analytics software in emerging countries are challenging the growth of this market.
Furthermore, the demand of organizations to reduce unnecessary costs has a beneficial impact on the market’s growth. The market is projected to be hampered by factors such as high implementation costs and a lack of experienced workforce.
On the other hand, the increased acceptance of augmented analytics in the healthcare industry, as well as the use of cloud-based analytics across various healthcare providers, is likely to give target prospects for market expansion throughout the predicted period.
Why Healthcare Analytics Matters
Without effective data analytics, it's difficult for any healthcare organization to provide high-quality care. Healthcare providers need to effectively track trends in patient populations, and diagnose any complications quickly and efficiently.
Without effective data analytics, it can be difficult for healthcare organizations to provide high-quality care. Healthcare providers need to be able to efficiently track trends in patient populations, diagnose problems quickly and effectively, and respond appropriately.
Data analytics allows healthcare organizations to identify which patients have a higher risk of getting sick or developing certain diseases for early intervention. Additionally, data analytics can help hospitals make better decisions when it comes to workflow, facility staffing, and inventory management.
10 Leading Healthcare Analytics Companies to Watch in 2025
- Innovaccer
Innovaccer is changing the game and the way of looking at healthcare data, it turns out to be a game-changing force that is transforming the patient journey and is thus considered to be one of the “best companies for healthcare data solutions”.
Innovaccer’s solution goes beyond just the traditional analytics setup and is thus creating a healthcare experience that places both healthcare providers and the patients on its top most priority.
The platform's healthcare data integration and management comprehensively promote its success in three strategic ways.
- The first is the provision of clear and useful insights right at the point of care, enabled by the right healthcare analytics solution called InNote.
- The second way is a substantial move toward personalized patient engagement made possible by an effective healthcare CRM solution that helps care workers to have a more interactive and personalized patient engagement way than before.
- The third, broader way is creating a unified healthcare experience across different platforms that healthcare systems can use.
What makes Innovaccer particularly compelling for 2025 is its suite of solutions and their impact:
- Data Activation Platform (DAP):It helps transform healthcare by unifying various data from EMRs and healthcare IT vendors, enabling true interoperability and actionable insights.
- InNote: It delivers insights right within EHR workflows, enabling real-time gap closure and informed decision-making.
- Patient 360: Helps healthcare providers with a complete patient view that organizes care gaps and actionable insights.
- InCare: AI-assisted workflows and adaptive interfaces that help care providers to deliver patient-centric care while reducing administrative burden.
- InGraph:Powers population health transformation with real-time analytics across 800+ measures, enabling organizations to precisely track, measure, and improve clinical and financial outcomes.
Why Choose Innovaccer?
Innovaccer stands out as a leading healthcare analytics company, recognized for its healthcare data aggregation, transformative AI-powered solutions, and commitment to improving healthcare delivery. Here are key reasons to choose Innovaccer:
- For three consecutive years, Innovaccer’s Population Health Management (PHM) solution has been ranked as #1 by Black Book and also ranked as the best data and analytics platform by KLAS Research.
- The platform addresses different stakeholders of healthcare including care management, patient engagement, risk adjustment, and analytics.
- Industry leaders such as Gartner's Hype Cycle as well as Frost Radar in reports have cited Innovaccer’s technologies.
- Optum Analytics (UnitedHealth Group)
Their services are known across the globe. A wholly owned subsidiary of UnitedHealth Group, Optum is an American pharmacy and healthcare services and technology company that was established in 2011.
Optum’s core services include financial and payment services (Optum Financial), clinical services (Optum Care), and medication management services (Optum Rx). Optum analytics works across network planning, service-line profitability, patient care management, and many other solutions to provide tailored insights
- IBM Watson Health
With the advent of the Internet and computers, information technology (IT) has become a major tool for aiding medical issues. IBM Watson is one such initiative by IBM, which provides integration with any application to build Internet of Things (IoT)-based health applications and also assists with its existing services. Watson's strengths are its data analytics and artificial intelligence. The four variants of Watson's are Watson Discovery Advisor, Oncology, Clinical Trial Matching, and Curam. It is based on Open Source Apache UIMA and Apache Lucene. Its integration with IBM Bluemix Cloud Platform as a Service (PaaS) makes it easily available to users.
- SAS
SAS is a global leader in advanced analytics, providing comprehensive solutions for healthcare organizations to improve care delivery and operational efficiency. With expertise in predictive modeling and artificial intelligence, SAS supports data-driven decision-making, helping organizations manage risks and optimize outcomes.
The company’s healthcare solutions address key challenges like patient readmissions, population health management, and fraud detection. Known for its powerful analytics capabilities, SAS empowers providers and payers with insights to drive strategic initiatives and enhance the overall healthcare experience.
- Mckesson
McKesson is a renowned name in healthcare technology, offering data-driven solutions that span pharmaceutical supply chain management, analytics, and care delivery. Its innovative platforms streamline operations, enhance clinical decision-making, and reduce costs for healthcare organizations globally.
With a focus on interoperability and efficiency, McKesson’s analytics tools enable better resource utilization and improved patient outcomes. Its broad portfolio serves providers, payers, and life sciences organizations, making McKesson a trusted partner in healthcare transformation.
- Cerner Corporation
Cerner Corporation’s Millennium solution platform not only provides electronic health records for healthcare providers but also helps those providers optimize processes to speed the delivery of care and eliminate waste and error. Cerner is a leading supplier of health information technology solutions and services. Its solutions optimize processes for healthcare organizations ranging from single-doctor practices to entire countries, and for the pharmaceutical and medical device industries
- Oracle
By offering comprehensive and unified patient solutions that address industries' complex data Oracle Healthcare Foundation stands out as one of the premier healthcare analytics platforms.
Developed by healthcare professionals, it enables fast deployment with reduced errors and offers seamless interoperability across systems. The platform supports the full continuum of care, from patient journey to care management, while offering critical and vise insights ultimately leading to improved patient outcomes and lower costs.
- CitiusTech Inc.
Drive a data-driven decision-making culture across your enterprise enabled by CitiusTech’s conversational, automated, and analysis-driven business intelligence services.
Help healthcare organizations achieve better outcomes for patients, members, and care teams powered by a deep understanding of healthcare data, processes, goals, KPIs, and performance levers.
- SG Analytics
SG Analytics is a healthcare analytics company delivering customized solutions for data integration, reporting, and predictive modeling. Its services focus on enabling organizations to make informed decisions by uncovering actionable insights from vast datasets.
With expertise in clinical data analysis and market research, SG Analytics supports providers in improving care delivery and achieving value-based goals. Known for its commitment to innovation, SG Analytics helps organizations enhance operational efficiency and patient outcomes through tailored analytics solutions.
- N1 Health
N1 Health specializes in delivering data-driven solutions for primary care and chronic disease management. Its platform leverages advanced analytics to help providers monitor patient health trends, optimize workflows, and enhance outcomes through preventive care strategies. With a focus on personalized medicine, N1 Health empowers healthcare teams to tailor interventions to individual patient needs.
The company's user-friendly interface and robust reporting capabilities ensure seamless integration into existing systems. Trusted by numerous healthcare organizations, N1 Health is at the forefront of transforming care delivery with precision and innovation.
Final thoughts
Healthcare analytics is reshaping the medical landscape, with the market set to reach $85.9 billion by 2027. The innovative companies featured here demonstrate how advanced analytics, AI, and machine learning are revolutionizing healthcare delivery—from improving patient outcomes to managing costs effectively. As healthcare faces increasing challenges, from rising medical costs to workforce shortages, data-driven decision-making has become essential, not optional.
Ready to Transform Your Healthcare Organization? Connect with these leading analytics providers to explore how their solutions can drive your healthcare delivery goals. Schedule a demo today.
