According to Precedence Research, the global health informatics market is anticipated to reach $ 104.80 billion in 2032, with an average annual growth rate of 12 percent from 2023 to 2032. In recent years, the healthcare industry has witnessed a massive scale of technological integration. In such a case, many healthcare companies seek to bring innovation to another level when answering the needs of the enhancing regulatory environment and staying competitive.
In such a context, the emergence of healthcare informatics companies is the next evolutionary step in bringing technologies into healthcare. Further, we’d explore the phenomenon of health informatics and investigate top health informatics firms that can offer products and services boosting business value and meeting patient needs.
Healthcare informatics, also known as health informatics, is a technological approach to expanding the evolving instruments of health data analytics and electronic health records (EHRs). Health informatics emerges along with new health data exchange standards, for example, Health Level 7 (HL7) and Fast Health Interoperability Resources (FHIR). As a relatively new interdisciplinary field, health informatics focuses on new ways of using information technology to get better management and grasp of health records to improve patient outcomes.
Health informatics deals with all the resources, methods, and devices that deal with health and medical data. It offers access to patients' medical records to a range of healthcare professionals. Public health informatics is called to improve care coordination and ensure that health and medical data are properly shared between covered entities. Currently,y there is a great demand for health informatics technicians and health informatics programming software.
With the broad segment of health informatics, there are five ongoing trends. These are the ones to explore:
Keeping the aspects mentioned above in mind, the current state of the health informatics segment moves toward greater interoperability, customization, and data analysis. These are delivered through a range of new instruments and software developed by health informatics companies.
One can illustrate at least ten types of health informatics software. Respectively, these are the most notable to mention:
Essentially, various kinds of health informatics software companies can use or develop. It shows that the health informatics market is evolving, and there are many options in terms of products and services a health informatics firm can offer customers.
In 2023, the global healthcare informatics market was valued at $40.79 billion. Considering the pace with which the market will grow up to 2032, there is an almost algorithmic progression in market size and what it brings. There is not much to say. The market is booming, and one can expect entering any health informatics market to be the right decision business-wise.
Without further ado, let’s proceed to the exploration of various health informatics companies worth attention. In such a case, there are hundreds of health informatics firms to choose from. After investigating tends of dozens of different companies, we’ve developed a list of top candidates. Such candidates have a well-established reputation and are proven to offer products and services clients value.
AKASA is a San Francisco-based health informatics company focusing on making healthcare accessible to everyone in the United States. Its core mission is to aid financial and operational complexity harming the entire American healthcare system. In short, AKASA is a leading developer of health informatics, which uses AI and ML to manage complex workflows and deliver automation opportunities. AKASA tries to help its clients reduce operational costs, thus allowing them to offer products and services, resulting in better patient outcomes. The company has a well-established network of partners working in Silicon Valley, which grants better opportunities for building top-grade health informatics software.
AKASA focuses on offering solutions enabling human health. While healthcare is a complex industry and is often proved to be challenging in terms of patient access, health informatics companies like AKASA serve customers to boost accuracy, scalability, and transparency. The company approaches the broad issue and tries to solve it systematically. In addition, AKASA offers a Worklogger tool for remote patient observation. It uses AI and revenue cycle expertise to serve as a medical billing platform making financial transactions more secure and seamless for all parties involved.
Navina is a New York-based health informatics company born from the vision and mission to bring forward better patient data monitoring tools. The firm wants to enable physicians to access even the most challenging cases in minutes. Navina works with data organization and inserts technologies helping to create a more intelligible patient portrait. It all leads to better diagnostic opportunities. Navina relies on AI and ML to ensure that the most sophisticated data is understandably delivered to human agents.
As a partner of the American Academy of Family Physicians (AAFP) Innovation Lab, the company is called to help healthcare professionals. It is invested in the process with all its resources. Navina with two key principles:
Navina is there to improve physician workflows and help clients cut operational costs.
Medallion is a health informatics firm from San Francisco. The company focuses on offering solutions to offload its clinician operations. For instance, Medallion emphasizes aspects like license management, credentialing, and payor enrollment. The health informatics company brings all these elements and much more into on modern management platform. It intends to dial down the adverse impact of regulatory complexities and help providers with the most important things, like offering high-quality patient care. Since its inception in 2020, Medallion has saved its clients more than 100,000 administrative hours.
The health informatics company delivers its solutions through:
This help makes Medallion’s clients deliver solutions based on seamless integrations and patient data management tools that properly protect PHI and enable providers to offer high-quality care.
Veda is a Wisconsin-based health informatics firm. Innovation is the company’s key point of interest. Veda is called to accelerate patients’ access to care while reducing the financial costs for the healthcare system. The company empowers talented researchers to direct them to create products and offer services that intend to solve issues patients and providers face daily.
Veda intends to address the question of data accuracy and reduce the impact of human error. It is indicated that a national payer spends about 2 minutes per row processing data. And it grants only 60 percent accuracy, all because of human error. Using smart automation technologies, Veda helps its clients process roaster data in a fraction of the time and with impressive accuracy. When becoming Veda’s client, you receive a smart automation platform that uses AI and ML logic to process roster data in real time. Besides, the company offers a manual entry that boosts workflows and improves data accuracy. Finally, Veda grants clients all the required insights to maintain security and compliance when working with patient data.
RetinAI is a European health informatics company located in Bern, Switzerland. The firm focuses on simplifying and optimizing research, clinics, and pharma workflows to improve healthcare in general. RetinAI achieves its goals through tools that collect and organize health data. The company indicates that the modern world of healthcare information is flooded with massive volumes of unstructured data. Yet, it all can help physicians to improve patient outcomes when processed properly. From the standpoint of clinical research, this lack of data organization leads to decreased efficiency and more unstructured workflows.
RetinAI created a data management platform to deal with unstructured data. When using it, healthcare professionals can engage in a more effective workflow and ensure all the data is used for better patient outcomes. What is more, RetinAI has developed a unique RetinAI Discovery tool. It utilizes medical image and data management to organize all the information within various processes of an ongoing clinical study. AI models offer in-depth insights into differentiation biomarkers, helping make the studies more accurate.
MedOrion is an Israeli health informatics company based in Tel Aviv. The firm focuses on real-time health behavior transformation to help improve health and financial outcomes based on a better understanding of patient needs. The company focuses on retention, acquisition, clinical quality, pharmacy, and member experience. MedOrion is all about better end-to-end management. The firm use analytics along with proprietary tools to let health plans switch away from outsourced services toward better process management.
With its Health Behavior Management (HBM) system, MedOrion brings several interesting solutions:
Keeping all the solutions in mind, MedOrion is about gaining ownership and offering priorities governance through flexibility, allowing one to adjust to changes in business needs.
Mendel.ai is a health informatics company based in San Jose. Its core mission is to use new AI approaches and aid oncology clinical experts in integrating real-time data monitoring and automated clinical trials to transform all of that into better patient outcomes. The company strives toward excellence and originality. This health informatics firm delivers results through a range of approaches, including the following:
One can see that Mendel is all about tangible results. The company does not offer many theoretical insights. However, it is all about outcomes a client can witness firsthand and utilize accordingly.
Hu-manity.co is a health informatics company from Princeton, New Jersey. The firm delivers software powered by AI. It creates, reads, and understands any type of legal language in correlating data-related contracts. All these aspects help govern data practices within the environment of various entities involved. Clients use Hu-manity.co to gain new trust in digital transformation.
The health informatics company focuses on three key aspects:
It could be said that Hu-manity.co is all about trust, transparency, and compliance. Working with data can be extremely challenging. But, the companies like this one ensure the experience is more seamless.
Embleema is another New York-based health informatics company dedicated to bringing medicine directly to patients. The firm manages to achieve that through collecting and generating regulatory-grade evidence applicable in various realms. FDA uses Embleema for regulatory evaluation purposes. It shows the highest reputation possible for the health informatics firm. Embleema delivers its clients tools to allow engaging in study design in a matter of days.
For example, its virtual research platform is coined to be the fastest and most cost-efficient manner to collect high-quality real-time data without any need to use coding at any given moment. Clients can use Embleema’s state-of-the-art data collection instruments and apply them to their respective therapeutic areas. Moreover, the progress is visible in real time, and the users can grasp the collected and analyzed data. Embleema offers numerous features along with its data-gathering tools. From automating payment to study sites to consolidating study tasks via the intuitive user interface.
Paige.ai is a health informatics company bringing AI-based tools into the realm of pathology. All its products are FDA approved and deliver top-notch solutions. One of the platform's key instruments, FullFocus, serves as a viewer and digital case manager facilitating processes like tissue AI applications. It makes diagnostics a hundred times faster and more efficient. With the help of revolutionary technology, pathologists generate novel breakthroughs almost daily. One of the notable features Paige.ai offers is its no-risk 3o-day free trial. It is a rare opportunity in the domain of health informatics.
The company delivers its products and services to reach several key objectives. They correlate to the following benefits the clients receive:
Paige uses a unique approach to handling comprehensive pathology datasets. Getting access to data from more than a thousand institutions across the world, this health informatics instrument can be a solution bringing breakthroughs to the realm of pathology.
Canvas Medical is a San Francisco-based health informatics platform focusing on top-notch care delivery. Canvas delivers software used by small telehealth startups to massive health plans. It helps boost patient experience and execute business models faster. Yet, it is all done along with the promise to dial down operational costs. Canvas is all about taking patient experience to whole another level. What is more, the company works with digital care models and payment arrangements.
Using the Canvas tool, you can orchestrate care services along with payments for clients that focus on direct-to-consumer virtual care and at-risk complex care. With Canvas, healthcare professionals and medical groups can get ahead of the competition and take digital transformation head-on.
Sublimd is another Switzerland-based health informatics company. Besides, it is an award-winning medical software tool that helps reduce paperwork while also enhancing treatment outcomes. All these aspects put together revolutionize clinical research. While using structured data collection methods, Sublime automates medical documentation, which brings a boost to the quality of treatment. What is more, it saves more time for healthcare professionals to spend with patients.
Essentially, Sublime is a networked software platform that people can use for digital health. It works with massive volumes of data obtained from both patients and specialists. This health informatics platform enables clients to reduce the pressure of administrative tasks and increase the quality of treatment by allowing doctors to spend more time with patients. In such a case, the range of instruments offered by Sublimd includes the following:
Sublimd brings automation and organization into data collection. It helps automate processes, thus giving more time for professionals to boost patient outcomes.
Feedtrail is a health informatics company from North Caroline. It enables healthcare organizations to engage in real-time analytics directed at the personalization of patient journeys. Feedtrail empowers various healthcare teams to learn from patients and understand the deep insights from their lifecycle of care. It results in immediate and up-to-the-point service recovery, which ensures patient loyalty. The platform managed to aid more than 5,000 sites across 36 nations.
Feedtrail is a fully integrated financial, operational, and clinical solution with a comprehensive dev toolkit. The company helps companies understand how a transformed patient journey can bring profits and boost patient experience simultaneously. The platform focuses on aspects like flexibility, personalization, and relevancy. Nothing speaks better of the instrument's effectiveness than tangible results. Feedtrail boasts a 99% faster service recovery brought by its specific products.
Health Note is a San Francisco-based health informatics focused on optimizing pre-visit workflows. The core idea behind the instrument is the need to give clinicians more time to do the work instead of spending it writing clinical notes and dealing with workflows. Essentially, Health Note is all about the following:
Health Note offers 80-100 percent of patients' pre-visit intake completion compared to a standard digital intake forms rate of 20 percent. As a result, reduced check-in paperwork is all about a better patient experience. Besides, it means administrative staff can focus on establishing a better connection with patients and reviewing their care plans instead of spending time collecting information concerning patients’ medical history. Finally, the solution brings a reduction in administrative costs. Automation of repetitive tasks of dealing with documentation means staff can focus their efforts elsewhere and spend valuable time more effectively.
Doctorly is another European health informatics company. It is located in Berlin, Germany. The platform is called to create the future of digital healthcare. It delivers its promise through the vision of making people live healthier lives. Doctorly uses technology coupled with practitioners’ insights to bring innovation to healthcare. Doctorly enables a unique B2B2C model delivered and managed universally through a single system. What is more, the company helps clients to access and control their health records through an integrated Doctorly health application.
Doctorly offers evidence showing that an average practitioner in Germany spends about 60 working days doing purely administrative tasks. Yet, the health informatics company promises a staggering 50 percent cut in terms of time spent on admin tasks. All these outcomes are delivered with users being able to witness and manage them in real time.
B.well connected health is a Maryland-based health informatics company. It offers all-in-one integrated solutions for achieving holistic health management and getting cost containment. B.well uses a digital transformation to help integrate a unique patient’s health data, which was underused. It all drives record engagement, valuable navigation, and meaningful outcomes. Most importantly, B.well delivers simple and convenient solutions to users. At this point, the process includes the following aspects:
NexHealth is a San Francisco-based health informatics company. It is a unique platform connecting patients, doctors, and developers. NexHealth accelerates innovation through Its APIs and SaaS products. The company focuses on making integrations with EHR and practice management systems. It enables one to develop a product in terms of weeks and not years. Essentially, the given system allowed NexHealth to reach the following outcomes:
These are outcomes speaking for themselves as well as the services NexHealth brings to its clients.
Health informatics is the prospective realm. It brings technologies and innovation into healthcare. With the current and emerging trends reaching the health informatics market, one can expect breakthroughs in data management continuously. With the selected top health informatics companies, you receive a range of opportunities to participate in revolutionizing healthcare. It is likely the growth of the health informatics market will continue. Besides, as communication technology takes the next steps and improves, patients will receive new opportunities to get better access to healthcare. Within a list of top health informatics platforms, we presented you can find the one fitting your needs and vision.
If you still have questions or need healthcare technology consulting, do not hesitate to contact us.
Roman Zomko
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