For years, hospitals have longed to bring computers into the exam rooms, waiting rooms, and treatment rooms to get rid of hard-to-read patient charts, make sure everyone treating a patient was seeing the same information, record everything from vital signs to care delivery, and let doctors, nurses, and hospital techs stay connected to vital information and services as they move throughout the hospital.
Cloud computing offers significant benefits to the healthcare sector; Doctor’s clinics, hospitals, and health clinics require quick access to computing and large storage facilities which are not provided in the traditional settings, moreover healthcare data needs to be shared across various settings and geographies which further burdens the healthcare provider and the patient causing significant delay in treatment and loss of time. Cloud caters to all these requirements thus providing the healthcare organizations an incredible opportunity to improve services to their customers, the patients, to share information more easily than ever before, and improve operational efficiency at the same time. The flip side of this advantage is that healthcare data has specific requirements such as security, confidentiality, availability to authorized users, traceability of access, reversibility of data, and long-term preservation. Hence, cloud vendors need to account for all these while conforming to regulations such as HIPAA and Meaningful use.
Indeed, the cloud computing market in the health care sector is expected to grow to $5.4 billion by 2017 at a CAGR of 20.5% from 2012 to 2017, according to research firm Markets and Markets. Although cloud computing offers significant advantages to HCOs and other stakeholders, it has set of restraints. Security of patient information, interoperability and compliance with government regulations are some of the factors which are slowing down this market.
The health care sector is beginning to move to cloud-based platforms, despite the common belief that compliance and security issues would hinder the shift. The major driving factors are the need to increase storage and compute capacity using limited dollars and the ability to centrally manage patient data that now exists in silos.
Despite this growth, many in health care are still pushing back on cloud computing, citing security and privacy issues. But others are finding better security models and technology in the cloud. Moreover, most health care organizations moving to cloud computing are doing so to reduce operational costs, because many have very limited budgets -- a powerful motivation that will overcome the overblown security and privacy excuses.
Still, this transition won't be pain-free. Most IT organizations in the health care sector don't have the talent required to move their systems safely to cloud-based platforms, and they may not understand the compliance and security issues as well as they should. However, the default of "do nothing" is not acceptable considering that the IT backlog is growing again -- and budgets are not. It's time to get creative and innovative around the use of new technology, including cloud computing.
That's especially good for health care, which should get a much higher return on investment than other sectors will from cloud adoption. The amount of data that health care providers must deal with is daunting, and it is typically managed in unconnected silos. That causes huge costs both for management and in inefficiencies, including some that lead to mistreatment due to ignorance among those treating patients as each has only some of the picture.
In moving to the cloud, the health care industry will find new opportunities for data consolidation or aggregation of patient data to help physicians and clinicians make better decisions, while their organizations should save money through reduced redundancy and cheaper operational costs. It's time for health care to capitalize on the cloud opportunity -- as smart organizations have already realized.
Different Segments of Cloud Computing market in healthcare are as:
Cloud computing offers significant benefits to the healthcare sector; Doctor’s clinics, hospitals, and health clinics require quick access to computing and large storage facilities which are not provided in the traditional settings, moreover healthcare data needs to be shared across various settings and geographies which further burdens the healthcare provider and the patient causing significant delay in treatment and loss of time. Cloud caters to all these requirements thus providing the healthcare organizations an incredible opportunity to improve services to their customers, the patients, to share information more easily than ever before, and improve operational efficiency at the same time. The flip side of this advantage is that healthcare data has specific requirements such as security, confidentiality, availability to authorized users, traceability of access, reversibility of data, and long-term preservation. Hence, cloud vendors need to account for all these while conforming to regulations such as HIPAA and Meaningful use.
Indeed, the cloud computing market in the health care sector is expected to grow to $5.4 billion by 2017 at a CAGR of 20.5% from 2012 to 2017, according to research firm Markets and Markets. Although cloud computing offers significant advantages to HCOs and other stakeholders, it has set of restraints. Security of patient information, interoperability and compliance with government regulations are some of the factors which are slowing down this market.
The health care sector is beginning to move to cloud-based platforms, despite the common belief that compliance and security issues would hinder the shift. The major driving factors are the need to increase storage and compute capacity using limited dollars and the ability to centrally manage patient data that now exists in silos.
Despite this growth, many in health care are still pushing back on cloud computing, citing security and privacy issues. But others are finding better security models and technology in the cloud. Moreover, most health care organizations moving to cloud computing are doing so to reduce operational costs, because many have very limited budgets -- a powerful motivation that will overcome the overblown security and privacy excuses.
Still, this transition won't be pain-free. Most IT organizations in the health care sector don't have the talent required to move their systems safely to cloud-based platforms, and they may not understand the compliance and security issues as well as they should. However, the default of "do nothing" is not acceptable considering that the IT backlog is growing again -- and budgets are not. It's time to get creative and innovative around the use of new technology, including cloud computing.
That's especially good for health care, which should get a much higher return on investment than other sectors will from cloud adoption. The amount of data that health care providers must deal with is daunting, and it is typically managed in unconnected silos. That causes huge costs both for management and in inefficiencies, including some that lead to mistreatment due to ignorance among those treating patients as each has only some of the picture.
In moving to the cloud, the health care industry will find new opportunities for data consolidation or aggregation of patient data to help physicians and clinicians make better decisions, while their organizations should save money through reduced redundancy and cheaper operational costs. It's time for health care to capitalize on the cloud opportunity -- as smart organizations have already realized.
Different Segments of Cloud Computing market in healthcare are as:
The scope of the report spans the cloud computing market in healthcare which comprises:
- Global healthcare cloud computing market, by applications
- Clinical Information Systems (CIS)
- Electronic Medical Records (EMR)
- Picture Archiving and Communication System (PACS)
- Radiology Information System (RIS)
- Computerized Physician Order Entry (CPOE)
- Laboratory Information System (LIS)
- Pharmacy Information System (PIS)
- Others
- Non Clinical Information Systems (NCIS)
- Revenue Cycle Management (RCM)
- Automatic Patient Billing (APB)
- Cost accounting
- Payroll
- Claims management
- Clinical Information Systems (CIS)
- Global healthcare cloud computing market, by pricing model
- Pay-as-you-go
- Spot pricing
- Global healthcare cloud computing market, by deployment model
- Public cloud
- Private cloud
- Hybrid cloud
- Global healthcare cloud computing market, by components
- Software
- Hardware
- Services
- Global healthcare cloud computing market, by service model
- Software-as-a-Service (SaaS)
- Platform-as-a-Service (PaaS)
- Infrastructure-as-a-Service (IaaS)
- Healthcare cloud computing market, by geography
- North America
- Europe
- Asia
- Rest of the World (ROW)
