{"id":30621,"date":"2022-09-13T11:14:04","date_gmt":"2022-09-13T11:14:04","guid":{"rendered":"https:\/\/www.syscreations.ca\/blog\/?p=30621"},"modified":"2023-01-28T11:53:13","modified_gmt":"2023-01-28T11:53:13","slug":"healthcare-analytics-software","status":"publish","type":"post","link":"https:\/\/www.syscreations.ca\/blog\/healthcare-analytics-software\/","title":{"rendered":"Healthcare Analytics Software: PurpleLab Raises $40M to Make Healthcare Data Talk Accurately"},"content":{"rendered":"\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Let\u2019s start this blog with some mind-blowing facts about big data analytics in healthcare.<\/span><\/p>\n\n\n\n<ul><li>Pharmaceutical R&amp;D costs can be reduced by up to $70 billion using healthcare data analytics.<\/li><\/ul>\n\n\n\n<ul><li>It can reduce healthcare spending costs by up to $350 billion to $450 billion.<\/li><\/ul>\n\n\n\n<ul><li>Big data analytics in healthcare has reduced the death rate by 67% in the alone USA. <\/li><\/ul>\n\n\n\n<ul><li>Apple, Microsoft, IBM, Google, Oracle, and Siemens are the leading tech giants that are already invested in healthcare analytics platforms.<\/li><\/ul>\n\n\n\n<h2><strong>Our thought on healthcare data analytics<\/strong><\/h2>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">As a healthcare-specific IT company, we strongly believe that \u2013 \u201cYou can\u2019t improve what you can\u2019t measure\u201d.<\/span><\/p>\n\n\n\n<p>Big data is playing an important role in improving the lives of patients and healthcare professionals while at the same time reducing costs.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Without big data analytics in healthcare, the world will not survive another deadly pandemic.<\/span><\/p>\n\n\n\n<p>Thus, healthcare stakeholders are investing in data-driven healthcare solutions in order to make healthcare more accessible, affordable, and convenient for patients.<\/p>\n\n\n\n<p>Means, the market is skyrocketing for healthcare data analytics platforms.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">For instance, Pennsylvania-based healthcare analytics software PurpleLab has recently raised $40 million in Series B funding to help the healthcare industry to easily access and use real-world data in their ecosystem.<\/span><\/p>\n\n\n\n<h2><strong>The outcome of PurpleLab healthcare analytics software<\/strong><\/h2>\n\n\n\n<p>PurpleLab is a health tech company just like us.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">HealthNexus is its no-code healthcare analytics platform that helps healthcare entities, payers, life science companies, pharmaceutical, and individuals to make data-driven decisions in order to save lives and costs.<\/span><\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Since its inception in 2017, it has \u2013<\/span><\/p>\n\n\n\n<ul><li>Saved 350M+ patient lives<\/li><\/ul>\n\n\n\n<ul><li>Done 4B+ annual claims<\/li><\/ul>\n\n\n\n<ul><li>7.5K+ healthcare payers users<\/li><\/ul>\n\n\n\n<ul><li>2.3M healthcare professional users<\/li><\/ul>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Because of the multiple use cases and outcome-driven solutions, PurpleLab has experienced more than triple-digit growth in the past 4 years.<\/span><\/p>\n\n\n\n<h2><strong>A complete overview of the healthcare analytics software<\/strong> PurpleLab<\/h2>\n\n\n\n<p>PurpleLab is the industry leader.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Its growth-focused methodologies for data gathering, cleansing, managing, and governing help the entire healthcare industry to easily identify and solve key challenges.<\/span><\/p>\n\n\n\n<p>PurpleLab strongly believes that the healthcare industry generates a massive amount of data but due to lack of access and usability, they fail to convert it into valuable insights.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Hence, its healthcare analytics software comes up with 3 powerful features that help the organization to develop faster, more accurate, and more economically real-world evidence.<\/span><\/p>\n\n\n\n<h2><strong>1. Patient summary graph<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1536\" height=\"824\" src=\"https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2023\/01\/1-25.png\" alt=\"Healthcare analytics software PurpleLab \" class=\"wp-image-32306\"\/><\/figure>\n\n\n\n<p>It is important to find the appropriate patients that suit your business goals.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Hence, the healthcare big data analytics platform gives you a Zip 3 graph of patient summary that initially reduces the delay in discovering the ideal patients.<\/span><\/p>\n\n\n\n<p>The platform also allows for characterizing patients based on their diagnosis, prescription, procedure, and many other factors.<\/p>\n\n\n\n<h2><strong>2. Insights on healthcare provider<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2023\/01\/2-24.png\" alt=\"Healthcare analytics software PurpleLab features\" class=\"wp-image-32307\" width=\"497\" height=\"338\"\/><\/figure><\/div>\n\n\n\n<p>PurpleLab\u2019s healthcare analytics software helps the organization to optimize the healthcare professionals targeting and outreach.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Furthermore, the feature includes \u2013<\/span><\/p>\n\n\n\n<ul><li>Clinical-specific reporting for sales, market, and planning<\/li><\/ul>\n\n\n\n<ul><li>Campaign measurement<\/li><\/ul>\n\n\n\n<ul><li>Analyze the performance of each HCPs (Healthcare Professionals)<\/li><\/ul>\n\n\n\n<h2><strong>3. Comprehensive reporting<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2023\/01\/3-14.png\" alt=\"Features of Healthcare analytics software PurpleLab \" class=\"wp-image-32308\" width=\"495\" height=\"330\"\/><\/figure><\/div>\n\n\n\n<p>Its comprehensive reports allow the stakeholders to make precise and commercial marketing decisions for pharmaceutical customers.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Furthermore, using real-world data, you can easily generate D2C customers, healthcare providers and maximize the reach of the campaign.<\/span><\/p>\n\n\n\n<h2><strong>The vision of PurpleLab as a healthcare data analytics platform with $40M recent funding<\/strong><\/h2>\n\n\n\n<p>The funding will help PurpleLab to accelerate investment in product development, support for new data, and human capital.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">However, they have less focus on making the infrastructure that helps their clients in converting RWD (Real-world data) into RWE (Real-world evidence).&nbsp;<\/span><\/p>\n\n\n\n<p>The funding will help them in improving their healthcare analytics software infrastructure, adoption, conversion, and higher ROI.<\/p>\n\n\n\n<h2><strong>Will the healthcare analytics software perform beyond 2030?<\/strong><\/h2>\n\n\n\n<p>With zero doubts, yes!<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Data is the new science in healthcare.<\/span><\/p>\n\n\n\n<p>Delivering quicker outcomes, finding the most effective approaches, making healthcare affordable, and reducing the risk are the prior benefits of healthcare data analytics.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">Its ability to convert raw healthcare data into actionable insights is helping a vast number of healthcare areas such as,<\/span><\/p>\n\n\n\n<ul><li>Predicting the outcomes<\/li><\/ul>\n\n\n\n<ul><li>Reducing the work burden of healthcare workers<\/li><\/ul>\n\n\n\n<ul><li>Early-stage detection<\/li><\/ul>\n\n\n\n<ul><li>Assigned the suitable care provider to the patients<\/li><\/ul>\n\n\n\n<ul><li>Lowering the financial risks<\/li><\/ul>\n\n\n\n<ul><li>Allows to deliver personalized care<\/li><\/ul>\n\n\n\n<ul><li>Discover new drugs with ease<\/li><\/ul>\n\n\n\n<ul><li>Lowering the medical and financial errors<\/li><\/ul>\n\n\n\n<p>This is just the beginning of big data analytics in healthcare.<\/p>\n\n\n\n<p><span style=\"color:#7b68ee\" class=\"has-inline-color\">The time is not far when the entire healthcare industry will rely on big data.<\/span><\/p>\n\n\n\n<p>Means, it is the perfect business opportunity to enter the multi-billion dollar market.<\/p>\n\n\n\n<p><strong><span style=\"color:#7b68ee\" class=\"has-inline-color\">And remember, without big data, the healthcare industry is blind and deaf!<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let\u2019s start this blog with some mind-blowing facts about big data analytics in healthcare. Pharmaceutical R&amp;D costs can be reduced by up to $70 billion using healthcare data analytics. It can reduce healthcare spending costs by up to $350 billion to $450 billion. Big data analytics in healthcare has reduced the death rate by 67% [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":30623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How &amp; When to Use Healthcare Analytics Software like PurpleLab?<\/title>\n<meta name=\"description\" content=\"Build healthcare analytics software like PurpleLab that raised $40M to make healthcare data analytics more powerful, convenient &amp; efficient for healthcare industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.syscreations.ca\/blog\/healthcare-analytics-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make Data Work for You\" \/>\n<meta property=\"og:description\" content=\"With healthcare analytics software\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.syscreations.ca\/blog\/healthcare-analytics-software\/\" \/>\n<meta property=\"og:site_name\" content=\"SyS Creations - IT Management, Compliance &amp; 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