Health cloud market benefits from digitally aware healthcare CIOs

Forrester health cloud
Forrester

Increasing realisation about digital transformation among healthcare CIOs is boosting the enterprise health cloud market.

Earlier, regulatory requirements outweighed healthcare CIOs priority. But, now they feel digital transformation is necessary to advance efforts to better engage patients.

Tech giants and innovators have created a new space in healthcare information technology (HIT) with the development of enterprise health cloud (EHC) technology.

EHCs make it possible for healthcare to step in to digital with platforms that solve numerous issues, including those involving interoperability.

According to a market study report, global healthcare cloud computing market is expected to reach $9.48 Billion by 2020 from $3.73 Billion in 2015 at a CAGR of 20.5 percent.

EHC vendors have set the stage for a healthcare future that both reduces cost and improves member, patient, and caregiver engagement in a scalable architecture.

Market research firm Forrester evaluated the strengths and weaknesses of 10 enterprise health cloud vendors.

It found that Salesforce, Kinvey, IBM, CloudMine, and Microsoft lead the pack. Medable, ClearDATA, and SAS offer competitive options. NTT DATA and MphRx lag behind.

“We believe that increased recognition of enterprise health clouds, such as in independent research reports, speaks to an increased sense of urgency in the healthcare organizations migrating to the cloud,” says CloudMine CEO Steve Wray.

According to an IBM write-up, healthcare organizations and IT decision-makers also need targeted health data services at the core of their health cloud platforms. AI and analytics are required to both develop breakthrough applications, and deliver them to the deep specifications required to improve care.

McGill University Health Centre, Crohn’s & Colitis Foundation of America, University Medical Center Freiburg, Quest Diagnostics are some of the institutions leveraging IBM health cloud offerings.

Similarly, Salesforce have UCSF School of Medicine, Merck KGaA, Stanley Healthcare, New England Biolabs in its growing client list.

Forrester EHC Q3
Forrester

Enterprise health cloud vendors act as strategic partners to forward-thinking healthcare organizations, advising them on top digital experience creation decisions.

Forrester says that vendors that can integrate outdated systems of record, provide cognitive capabilities, and offer access to robust developer communities position themselves to successfully deliver true digital transformation to their healthcare customers.