Cloud to cover healthcare landscape

Breaking news! According to recent studies, the cloud is encroaching healthcare landscape. It’s not as dramatic as it sounds, in fact it is something real that is happening these days in the field of healthcare. Being a new concept in IT, it is steadily covering the healthcare system around the globe. Following the recent trend of cloud computing merging with healthcare to form a totally new segment of healthcare IT, many big as well as small IT service providers are entering into this segment. As per a recent news IBM is looking to expand its Watson cognitive computing platform into many more fields, including cloud and healthcare. Every counting month or so, IT companies are coming up with new software platforms and frameworks to reduce the burden of paper based medical records and convert them to digital version to store on virtual space. Other than cloud based model for such recordings, healthcare system uses on premise, web hosted and such other models to maintain and keep track of medical records. The web-hosted solutions held the largest market share of 55.4% in the year 2014 followed by the on-premise model with 26.7% share. However, cloud-based solution is the fastest growing mode of delivery in healthcare analytics market. Healthcare analytics is fundamentally transformed from volume-based to value-based business. Population healthcare management solutions improve quality outcomes and cost management.

The global cloud based model market is valued at $1,007 million in 2014 and is expected to grow at a CAGR of xx% to reach $xxxx million by 2020. Modernization of operations and approaches by utilizing technology solutions such as electronic health records and analytical sources improved healthcare organization. Cloud computing software exhibited healthcare providers and patients to access information anytime worldwide. Cloud-based solutions enabled healthcare organizations to increase efficiency and reduce cost of deploying valuable IT infrastructure. Huge clinical data records are piled up in hospitals and physicians. Hence, data analytics solutions are effectively used to deliver value-based care to patients.

Recently in, August 2014 business analytics leader SAS and Dignity Health (U.S) collaboration developed cloud-based big data platform. These solutions reduced readmission rates, managed pharmacy costs and outcomes, reduced medical errors, determined congestive heart failure and sepsis like diseases.

Recent developments in cloud computing and their adaptation in healthcare are clear indications of how it is integrating with healthcare systems. Considering the growth rate by with it is approaching, in coming future cloud computing will refine and redefine the healthcare analytics field.

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