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Cloud is the answer to everything, do you really agree with this statement? Today, healthcare cloud adoption is in full swing and it has two-fold benefits. It has demonstrated to be profitable for both healthcare providers and patients. On the business side, Cloud computing in the healthcare industry has proven to be gainful for cutting down functional costs while delivering high-quality, personalized care. The patients, who need instantaneous delivery of services, will get similar promptness from the health sector as well. In this blog, we would be discussing how cloud computing has flourished in the Healthcare industry, the impact of Covid-19 on cloud adoption, and much more. So, Stay tuned.
“If someone asks me what cloud computing is, I try not to get bogged down with definitions. I tell them that, simply put, cloud computing is a better way to run your business.” – Marc Benioff, Founder, CEO, and Chairman, Salesforce
According to the recent BCC Research, the universal healthcare cloud computing market may hit $35 billion by 2022, with an annualized growth rate of 11.6%. Today, almost 83% of the healthcare industry is on a cloud platform for business operations.
Benefits of cloud computing in Healthcare
The benefits of cloud computing in healthcare industry work hand-in-hand for both patients and doctors. Fewer expenses, improved security, and facilitating customized patient care through cooperation and interoperability, are some of the common advantages of utilizing cloud frameworks for medical services. Let us find out some key benefits of cloud computing in healthcare industry.
A cost-effective solution for storing large volumes of healthcare data
Technological advancement has given several machines and tools for the betterment of the healthcare industry. These tools generate volumes of data such as Electronic Medical Records, lab tests, prescriptions, insurance claims, etc. Now, where to store this data? That’s where the cloud comes into the picture.
Cloud computing services can help successfully deal with these huge volumes of data. In this occurrence, choosing on-premise storage probably won’t be a sound arrangement. It requires adequate investment in IT infrastructure because the data load will keep increasing with time. With Microsoft healthcare cloud services or other cloud service providers, you are able to scale up or scale down your needs, and also the cloud-based analytical tools are capable of turning that data into actionable sights.
Data Backup and Recovery
Data loss is the biggest nightmare of any organization today. Here, the Cloud gives a benefit with routine backup and recovery options, limiting the odds of critical data loss. With an on-premise setup, it becomes difficult for organizations to manage whole data. With healthcare cloud adoption, it is easier to look after all the data and take action on it.
The Ultimate Guide To Cloud Cost Optimization
It makes medical services widely accessible via telehealth
This is an era of Telehealth where both doctors and patients can connect remotely for healthcare delivery and support. Cloud computing has enriched and positively impacted telehealth. The instantly scalable capabilities of the cloud prove to be useful in exceptional circumstances, for example, a global pandemic (Covid-19). As of now, cloud-based telehealth is delivering a critical role in monitoring and offering clinical help to patients with mild or medium symptoms. Also, in this way, it reduces crowds in hospitals and infection rates.
Delivers time-critical clinical benefits in the market at a faster rate
The year 2020 has been extraordinary in many regards. Time was a critical factor in fighting the Covid pandemic and building new clinics, delivering vaccines in the market, organizing a safe method or way of mass testing. Cloud computing facilitates delivering important tech solutions in the market at a faster rate. For example, when Spoedtestcorona, a chain of testing centers offering fast evaluating tests for Covid-19 in the Netherlands and Belgium, were looking for a cross-platform web application that could reduce human interaction and fasten the healthcare process. By picking Amazon Web Application services, they were capable of deploying the application in the record 2-week cutoff time to meet the compliance requirement.
Enhance Patient Experience
Cloud computing has enabled doctors and hospitals to offer better patient engagement and access their medical data anytime and anywhere. This gives patients more power and control, just as makes them more aware of their ailments. Moreover, it offers another degree of security for patients and holds them back from being overprescribed or stay away from pointless testing, as specialists can access the history of clinical records.
This is one of the greatest advantages of the cloud. Healthcare organizations can add additional resources (servers, storage, application instances, network services) anytime and anywhere. Services like Amazon Elastic Compute Cloud (EC2) automatically scale to meet resource needs and let clients pay for resources that they utilized.
Data and Statistics Healthcare Cloud Computing Market
- 2% – an expected CAGR of global healthcare Cloud market towards 2024
- USD 50 – an average cost of an individual health record
- 8 TB – Data an average health provider uploads to the cloud/month
- USD 51.4 Billion – estimated size of the North American healthcare cloud market by 2024
- 4% – Of healthcare services support multi-factor authentication
What are the Considerations When Transitioning to the Cloud Platform in Healthcare?
For healthcare organizations, cloud-based solutions are turning into an undeniably appealing IT option to reduce expenses, support on-request provisioning and get more significant levels of adaptability and security. However, numerous Healthcare IT pioneers are unsure about whether moving data to the cloud will be a good choice or not. Let us check out what are the factors to consider before cloud migration.
Implementation cost – with almost boundless combinations of cloud resources, pricing plans, services, and architecture, you’ll need to work with a partner who understands your remarkable business needs. That will include an evaluation of your present IT environment, discussions over future necessities, and development of a cloud plan to guarantee that you get an ideal execution and usage from your cloud investment. You can choose from – Azure Healthcare, AWS healthcare or other cloud service providers as your partner which can offer cost optimization services with limiting your execution costs.
- Data Insecurity – Recently, Microsoft has introduced a feature on azure that can detect ransomware activities. Before moving to the cloud, data security must be on the top of mind. The constant threats of data breaches and the negative repercussions – reputational and monetary—requires a well-planned security strategy. Cloud platforms like AWS, and Azure offer stringent security services, for example, encryption key management, access, and identity controls, and monitoring and logging to ensure sensitive PHI. Healthcare suppliers are probably going to accomplish better data security (in contrast with on-premises data servers) by moving to the cloud and working with a cloud service provider who offers Cloud security services.
- Compliance – To migrate data on the cloud, you need to plan and execute things properly to maintain compliance. Compliance requires knowledge of both the latest technology and healthcare regulations. Work with cloud service partner – Azure healthcare, AWS who can comprehend medical care guidelines and knows which of its services can be deployed to meet those requirements. Find out which is better for you – Microsoft health cloud platform or AWS.
- Performance – Bandwidth issues and latency can hamper the performance, subverting healthcare cloud adoption investment. An experienced cloud consultant will help you design a customized cloud solution to optimize performance.
Impact of COVID-19 in Healthcare Cloud Computing
The COVID-19 episode has gulped many lives and organizations on an unmatched scale. However, there is one area that has come out stronger from this outbreak, which would be the cloud computing industry. While numerous on-premise organizations are finding it’s hard to run as expected, the organizations on cloud platforms have been working better than ever before. Cloud computing allows scalable data storage and timely backup, furthermore it empowers one to scale back during hectic days.
In the Healthcare industry, cloud computing is estimated to put its global market value at nearly $45 billion by 2023.
The application of cloud computing in healthcare has a positive response in numerous ways, from cutting down expenses, scalability, and enabling cooperation between healthcare analysts. The most recent reports on the subject show that adopting a cloud platform is something obviously on the table for clinical associations with the primary deterrents being either security concerns or the absence of interior specialized assets. These two issues can be effectively overcome by picking the right cloud provider partner. More and more organizations are choosing Microsoft healthcare cloud to get all the service benefits and improve their healthcare activities.
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