By Rahul Varshneya, founder and president, Arkenea.
Cloud computing has become the new watchword for healthcare organizations across the globe. The adoption of cloud technology has been escalating at a frenetic pace and, as recent research suggests, the global market for cloud technologies in the industry is expected to reach $35 billion by 2020.
The underlying reason behind the recent hype in this technology is simple though. If healthcare institutions were plainly service providers before, today, they’re true technology organizations that now depend on their IT departments for administrative, clinical, and financial purposes. And that’s not all. As new payment models are added to the equation and patient expectations change, technology has become vital to drive efficiency and improve patient care.
In this article, we’ll be looking at a few things that have been made possible in healthcare due to the rapid adoption of cloud technology.
1) Reduced Costs of Data Storage
On-premises healthcare data centers not only demand an investment in hardware ahead of time, but they also come with ongoing costs of maintaining physical spaces, servers, and cooling solutions among many other things.
“Cloud solutions are very beneficial from the standpoint that as you migrate data, you don’t need to maintain your own datasets which can be costly and expensive,” explains Forward Health Group CTO Jeff Thomas. “Maintaining datasets on-site can also be expensive in that it takes up real estate which can sometimes be used for something else.”
By managing the structure, harmonious functioning and maintenance of cloud storage services, cloud computing vendors can significantly aid organizations in lowering their data storage costs and enable them to concentrate their efforts on caring for their patients.
Healthcare organizations can also leverage custom cloud EMR or EHR software to fit the needs of their specific practice. That way, they get exactly what they’re looking for without them having to dig a hole in their pockets.