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Report Predicts Growth in Market for Health Care Cloud Computing

The global market for cloud computing in health care is expected to grow from  $1.7 billion last year to reach $5.4 billion by 2017, according to a report by research firm MarketsandMarkets, Healthcare IT News reports (McCann, Healthcare IT  News, 7/2).

Cloud Computing in Health Care

The report noted that two different categories of health IT systems are using  cloud computing services:

  • Clinical applications, like electronic health records, computerized provider  order entry systems and imaging technology; and
  • Non-clinical applications, like revenue cycle management systems, patient  billing tools and payroll management systems (Hall, FierceHealthIT, 7/5).

Report Findings

According to the report, the health care cloud computing market will  experience a compound annual growth rate of 20.5% between 2010 and 2017.

The report predicted that many health care organizations will set aside funds  for cloud computing over the next five years as they work to deliver more  services while reducing costs.

However, the report noted that certain challenges are hindering more  widespread use of cloud computing services, such as:

  • Privacy and security concerns; and
  • Tight regulation of publicly operated cloud-based storage platforms  (Healthcare IT News, 7/2).

Source: iHealthBeat

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