October 4th, 2018
Rapidly advancing technology has changed the game for nearly all industries. The healthcare industry is no exception as it has been directly affected by this digital transformation. It is expected that the healthcare cloud computing market will double in the United States, from 5.7 billion dollars to 10.2 billion dollars by 2022. (BCC Research report). This shift greatly benefits both providers and patients as summarized below.
Reduced Costs- Since data is stored in the cloud, the provider no longer has to incur the enormous capital expense and ongoing operational expense of purchasing and maintaining an on-site data center. The healthcare software vendor incurs the expense and responsibility of collecting, storing, protecting, and making the data available for use for the provider.
Enhanced Capabilities- Doctors can now access their patient notes, conditions, history, prescriptions, appointments, and billing at any time using multiple devices more effectively treat their patients. This free flow of data from any location is a necessity for doctors to give their patients the best, personalized, care. With data also comes analytics, allowing medical research to advance.
Improved Security- Utilizing the cloud storage and services of industry giants such as Amazon and Google, enables the best data security specialists to be employed. Healthcare providers benefit from the constantly improving data security tools used in cloud-based computing, enabling them to more easily meet regulatory obligations, such as HIPAA, and avoid the liability that comes with losing and securing data on IT infrastructures that they manage and own.
Overall, cloud-based applications increase flexibility, accessibility, and security, while, reducing risk and liability. For these reasons, we believe cloud-based solutions are the future. The only question remaining is whether you are taking advantage of it.