The American healthcare system is debatable and there is little doubt about it. The healthcare system in the USA frequently comes under fire as one of the most inefficient systems in the developed world. In fact, according to one 2018 study by Bloomberg, the US healthcare system was ranked 55 out of 56. However, the rise of data analytics in the healthcare industry may soon the scenario altogether. In fact, it’s already an overdue transition, and when it does happen, the healthcare industry is going to be among the last few industries that adapt to the efficiency and power of data analytics. And perhaps that’s also one reason why the CIOs of the majority of healthcare institutions in the USA keep the implementation of healthcare data analytics tools as their priority.
Now, when we look at the market of healthcare data analytics software, we see that there are many vendors and companies offered varying versions of the healthcare data analytics software, each coming with its tools and features. To make thing even worse for healthcare institutions, the inherently massive size and complexity of healthcare data makes it even harder for healthcare institutions to choose the best healthcare data analytics tools.
Well, below in this blow, we have come up with the pros and cons of some of the most advanced and popular healthcare data analytics software, to help you with your quest for the right tools. For each of these healthcare data analytics tools, we have searched for the public reviews from their existing or previous clients to come up with the most honest pros and cons for you.
So, let’s see what we have in our bag for you:
Folio3 is a leading software solution partner company that is known for its strength and advance data analytics solutions for businesses.
The healthcare business intelligence solution from Folio3 brings disruptive technologies to the table for healthcare institutions; enabling them to better manage massive volumes of data more conveniently. The biggest pro of the healthcare data analytics solution from Folio3 is its smart and interactive user-interface that is meant to enable businesses to get the most out of the platform. The company also offers custom made healthcare data analytics tools to meet the requirements of individual healthcare institutions. The company offers its solution as $35 per hour, which also makes it quite affordable as compared to some of the other solutions available in the market.
Honestly, there haven’t been any prevailing limitations or negative reviews about the platform. The company offers regular updates to continuously upgrade the platform and come up with better data analytics solutions for customers. One particular downside of the platform may be a lack of documentation, which should be improved by the company.
Sisense is an advanced and much-reputed data analytics business that has been offering its state-of-the-art analytics software solutions since 2010.
The biggest strength drawn by Sisense is from their strong and dedicated customer service that reassure healthcare institutions for the efficiency of their operations. Moreover, the healthcare data analytics tools offered by Sisense comes with highly interactive user-interface, which makes it easier for healthcare practitioners, paramedic staff and other relative staff to get used to the software and leverage its full potential. The company charges $35 per user per month for on-site deployment, whereas, for a cloud solution, it charges $42 per user per month.
The healthcare data analytics solution offered by Sisense is hardware and plugin dependent. To implement the solution, healthcare institutions would have to invest in the Elasticube database as well, which is on top of the fixed user-based monthly pricing which may add up quickly to become too much for many healthcare institutions. Moreover, the Sisense healthcare data analytics solution also tends to depend on various plugins to achieve more functionalities, which is again a serious limitation of the platform.
LogiAnalytics is a well-known name in the software development world. The company started offering its Business Intelligence (BI) services back in 2000 and today is among the leading data analytics providers in the USA. The company doesn’t offer a definite price quotation, you may contact the company for pricing.
Among the various strengths of the platform, a simple and user-friendly interface and extensibility are two of the biggest pros. The LogiAnalytics has built a commendable user-interface for its healthcare data analytics software that allows businesses to leverage its full potential by keeping their focus extensively on the business processes without getting confused with the interface.
The biggest con of LogiAnalytics for healthcare institutions is their server-based pricing, which to say the least is not the best option for the healthcare industry; given the massive amount of data that has to be dealt with by the industry. Also, the solution offered by LogiAnalytics for healthcare data analytics is comprised of three individual products, where each of the products requires separate maintenance and management, making the entire process even more complicated.
Qlik is another high profile software development company that has been operating for over two decades. The company is offering two products for the healthcare data analytics solutions namely; the Qlik View and Qlik Sense. The pricing for Qlik view varies, whereas, Qlik Sense is priced at $30 per user per month
Perhaps the best part about Qlik healthcare data analytics tools is that they are available for free online trial versions. This gives healthcare institutions a great opportunity to check out the feasibility and functionality of the tools before investing in the solution. Understandably, the free version doesn’t come with all the functionalities of a paid full version, but nonetheless, it’s a great option to review the compatibility of the solution for the unique need of healthcare institutions.
Becoming unresponsive when tasked to handle large datasets is one of the most pressing issues that has been reported by many users of Qlik healthcare data analytics software. Many users have reported how the system totally crashes without any warning, leading to data lost or getting corrupted. And when we view the complexity and sensitivity of healthcare data, this is a big issue, which greatly questions the viability of the platform for healthcare institutions.
PowerBI or Power Business Intelligence is a data analytic solution by Microsoft, which doesn’t need much introduction, right?
While Microsoft is known to offer free trial versions for its many products, due to the complexity and sensitivity of healthcare data, the PowerBI doesn’t come with a free trial version for healthcare institutions. However, the platform is widely applauded for its comprehensive range of features and functionalities along with strong support from the tech giant. To ensure efficient operation of the platform Microsoft offers complete tutorials and guides for the PowerBI product as well.
As expected, PowerBI is expensive than many of the other data analytics solutions for the healthcare industry. To make it even worse, it comes with a difficult interface and isn’t the most secure platform. The pricing model put up by the PowerBI makes it even more inconvenient for many healthcare institutions. For instance, $0.05 is charged by Microsoft each time when a report is viewed in the application. Also, one session is limited to 60 minutes, and then you will have to begin a new session, which will again add up to the cost.
Also, to be able to fully utilize the features and functionalities of the platform, users would need programming skills which 99% of the average end-user won’t have, thereby, making it a burden on the institution.
What is the average healthcare data analytics software cost?
The average cost of a decent healthcare data analytics software is about $35 per user per month. The pricing may vary from vendor to vendor and for the range of solutions required by the healthcare institutions.