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Frost Radar : Healthcare Data Interoperability, 2024

Transforming Healthcare Data Management: Benchmarking Interoperability Solutions

Industry Snapshot

  • Healthcare data interoperability market to hit $19.28 billion by 2028, growing at 18.3% compound annual growth rate (CAGR)
  • Regulatory pressures are speeding up data flow via application programming interfaces (APIs) and semantic interoperability
  • Mergers and acquisitions are boosting demand for interoperability solutions and API-driven integration tools
  • Master Patient Index (MPI) solutions are growing to consolidate patient data, with a push for national identifiers
  • Focus will shift from integration to semantic interoperability as the industry matures

As regulatory pressures mount and Fast Healthcare Interoperability Resources (FHIR) adoption accelerates, healthcare organizations are prioritizing enterprise data exchange and master patient index solutions. This transformation is essential as healthcare moves towards virtual and integrated models. Effective data management is expected to enable leaders to enhance patient care, streamline operations, and drive operational efficiency. By leveraging insights from this Frost Radar™, healthcare leaders can strategically navigate these changes, adopt cutting-edge solutions, and position themselves at the forefront of data interoperability innovation.

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What Strategic Imperatives Are Impacting the Growth?

Streamlining Healthcare Data with Interoperability Solutions

Prioritizing interoperability solutions for streamlining healthcare data and delivering comprehensive insights.       

Enhancing Connectivity with Advanced EHR Features

Leveraging electronic health records (EHRs) with advanced data integration features to enhance connectivity and meet stakeholder needs.

Developing Unified Data Platforms with API Integration

Developing enterprise-wide platforms that utilize APIs to unify and analyze data for actionable insights.

Frost Radar™ is an advanced analytical tool designed for a thorough 'Growth Audit' across industries, assessing key companies based on crucial innovation and growth criteria. Our aim is to help clients drive innovation and accelerate growth. Leverage this unique benchmarking tool to significantly enhance your future growth potential.

Frost & Sullivan has identified top 14 companies excelling in growth and innovation in the healthcare data interoperability industry.

Companies on the Frost Radar™: athenahealth, ELLKAY, Innovaccer, InterSystems, MatrixCare, Onyx Technology, Optum, Oracle, Orion Health, Progress Software, Rhapsody, Salesforce, Snowflake, Veradigm

Download the Frost Radar for a comprehensive analysis of these companies' profiles, including details on their competitive standing, best practices, innovative approaches, and growth strategies.

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