Healthcare IT in the United States is growing rapidly, and according to Frost & Sullivan, the healthcare cloud market is one of the fastest growing. According to the report, cloud market penetration will increase 10%-30% through 2020 as healthcare systems look to increase efficiency in data management, storage, collection, and sharing. What this ultimately equates to is a growth from a $903.1 million market in 2013, to roughly $3.54 billion by 2020.
The survey identified major drivers of healthcare big data, as well as limitations:
Drivers
- Increase of Government initiatives for EHR and health information sharing
- Rise of chronic disease management & remote patient monitoring
- Conversion of capital expenses to operational expenses
Restrictions
- Questionable reliability of cloud service providers in meeting provisions of service level agreements
- Lack of standardization in legacy systems leads to cumbersome & expensive data migration efforts
- Concerns on management of safety & security of patient healthcare information
An interesting point is brought up in the availability of tech support for cloud services from their providers. Has your healthcare organization invested in a healthcare cloud system? For the report, click here.
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Sources:
Click to access EU_PR_AZanchi_MA44-48_07Nov14.pdf
http://revcycleintelligence.com/2014/11/18/u-s-healthcare-cloud-market-reach-3-5b-2020/?utm_content=bufferc3bb6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
