Healthcare organizations are recognizing the power of the cloud, and its ability to significantly reduce costs and improve efficiency. According to IDC Health Insights, by 2020, 80% of healthcare data will travel through some form of a cloud-based technology. Frost & Sullivan predicts that by 2020 the U.S. healthcare cloud market will reach $3.54 billion, compared to $903.1 million today.
Clouds can help healthcare organizations meet technology requirements implemented by the Affordable Care Act. For example, IMS Health, a provider of healthcare information and technology solutions, intends to help its clients rapidly monitor and fix their pharmaceutical sales and marketing initiatives. The company is transitioning away from in-house Microsoft Azure System to instead use Amazon’s Redshift data warehouse to process transactional systems.
Baylor, Scott & White Health says that it plans to expand its cloud use beyond its current 1,000 person IT department. Jay Yellot, vice president of Baylor, Scott & White Health, believes that on-premises systems are going to cost more and be less reliable, while a cloud would be more convenient for any service the company wishes to deliver.
Summary by MedicalGroups.com
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