According to Grand View Research, the global artificial intelligence (AI) in the healthcare market size was valued at USD 15.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030, to reach an estimated USD 208.2 billion. That’s an impressive growth rate, indicating the expected value delivery to a mostly early-phase adoption of AI in the healthcare marketplace. With such aggressive predicted growth, many health industry professionals
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Public Cloud
What Is A HIPAA-Compliant Infrastructure?
U.S. healthcare companies must comply with the data security and privacy standards defined by the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The purpose of the legislation is to safeguard the privacy and security of protected health information (PHI) and electronic protected health information (ePHI). Failure to comply with HIPAA regulations can result in serious financial fines and reputational damage. What Determines HIPAA Compliance? Organizations
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KLAS: Approaches to Moving Epic in the Cloud 2023
What You Should Know: The benefits of public cloud are promising, as many Amazon Web Services (AWS) and Microsoft customers (both provider organizations and vendors) have noted in previous KLAS research. The first health systems using a public hyperscale cloud provider (e.g., AWS, Google Cloud Platform, Microsoft Azure) to support their EHR environment in the cloud have begun to go live, and interest in this approach is gaining momentum, particularly among Epic organizations. Most who are
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MEDITECH International Deal with CloudWave Delivers Expanse EPR Expanse EPR to Over 500k UK Patients
What You Should Know: - MEDITECH UK has announced they’ve chosen CloudWave’s OpSus Cloud Services to power its MEDITECH Expanse EPR (Electronic Patient Record) and MEDITECH Cloud Hosted offering to East Cheshire NHS Trust and Mid Cheshire Hospitals NHS Foundation Trust. The United Kingdom public-sector trusts are part of the National Health Service (NHS). They will be working with CloudWave and MEDITECH to deploy a cloud-based
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Key Multi-Cloud Takeaways & Mistakes to Avoid for Healthcare CIOs
Healthcare has lagged in its adoption of multi-cloud—but that might not be a bad thing. Here are the top multi-cloud takeaways for healthcare CIOs, and the key mistakes to avoid. It’s no secret that the healthcare sector has been one of the slowest to adopt enterprise cloud computing, even with the moderate increase we saw as a result of the urgent shift to telehealth and remote working during the pandemic. But that’s understandable: healthcare is one of the most highly regulated
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Merck Invests in Gesund, Launches Medical AI Platform on AWS
What You Should Know: - Gesund, the company ensuring that medical artificial intelligence (AI) is safe and effective for all, today announced the securing of a strategic investment from Merck as well as a launch of a new commercial platform on Amazon Web Services Marketplace. - While terms of the investment are not being disclosed, the news signals support for the company's approach as it launches a first of its kind commercial platform on Amazon Web Services Marketplace, immediately
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KLAS: HIT Vendors in the Cloud: AWS Leads but Azure Gaining
What You Should Know: - Public cloud providers are increasingly important to how HIT vendors deliver software to provider and payer organizations. - To help HIT vendors make informed decisions about which public cloud provider can best meet their needs, a new report from KLAS examines (1) how industry adoption of public cloud solutions is progressing and (2) how well public cloud providers perform in key areas, including their strengths and improvement opportunities Vital Trends and
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Why The Stakes are Higher for Hospitals When It Comes to Data Loss & Inadequate Storage Infrastructure
According to the World Economic Forum, hospitals produce around 50 petabytes of data per year. And with 6,039 hospitals in the US alone, that amounts to a sizeable amount of data requiring secure storage. Data consists not only of confidential patient medical records but also of operational data retained by US hospitals such as personal and financial information. This ever-increasing amount of patient data and growing risks associated with its loss, mean the stakes have therefore never been
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eClinicalWorks Invests $100M in Microsoft Azure
What You Should Know: - McKinsey reports that cloud capabilities have the potential to generate a value of $100 billion to $170 billion for healthcare companies in 2030. The cloud enables healthcare companies to innovate, digitize and realize their strategic goals. - eClinicalWorks is currently investing over $100M in Microsoft Azure cloud services to accelerate innovations in digital healthcare. Technological Solutions For Improving Patient Care and Health
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Why There’s Renewed Interest In The Cloud for Healthcare
From the development of the EMR to the growth of telehealth, the digital environment for healthcare has evolved tremendously over the last few years. So, it’s no surprise that IT spending is set to increase by 12.3% for cloud computing, 9.7%, for digital transformation, and 9.7% for security software this year. Though healthcare organizations have historically been slower to adopt cloud, we’re now seeing renewed interest. Has the pandemic caused a reaction among IT leaders to
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