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(Medical-NewsWire.com, August 22, 2018 ) Browse 109 market data Tables and 44 Figures spread through 181 Pages and in-depth TOC on "Healthcare Cloud Computing Market"
https://www.marketsandmarkets.com/Market-Reports/cloud-computing-healthcare-market-347.html
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The key factors driving the growth of this market include increasing adoption of big data, wearable devices, and IoT in healthcare; advantages of cloud usage (such as improved storage, flexibility, and scalability of data); implementation of healthcare reforms such as the Patient Protection and Affordable Care Act; and the dynamic nature of health benefit plan design.
RESTRAINTS:
# CONCERNS OVER DATA SECURITY AND PRIVACY:
A major concern with the cloud is that data hosted by the vendor is not as secure as the data stored on on-premise servers. Patient information is considered sensitive, and a high degree of privacy needs to be maintained so that this information is accessible to authorized users only. In various countries, patient information has been under the scanner of legal frameworks.
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For instance, data privacy requirements are legislated through HIPAA (Health Insurance Portability and Accountability Act) privacy rules in the US. Similarly, the European Union has several directives pertaining to data protection. In many countries, the Protected Health Information (PHI) of patients cannot be moved out of the country of origin.
Moreover, patients themselves are concerned about the security of their personal data, which adds to the necessity of maintaining required security standards for data protection. Public clouds face similar security issues as traditional IT systems and are thus not preferred. Although private clouds offer more secured access protocols and systems, the healthcare industry is still skeptical about their effectiveness in terms of data security.
# MIGRATION FROM LEGACY SYSTEMS IS CONSIDERED AS A TEDIOUS TASK BY PROVIDERS
Hospitals have substantial investments in infrastructure and proprietary systems. Moving or integrating these systems into a cloud infrastructure-as-a-service environment can pose various challenges to healthcare organizations. For instance, if such a step is to be undertaken, healthcare organizations will face several cost-related challenges, coupled with the need to replace their current systems (which are optimized to handle only their requirements).
Moreover, a move to the cloud will involve a change in the current IT architecture. This is a greater challenge for some hospitals which function as a hub and connect multiple physicians, labs, and pharmacists. As a result, migration from the existing IT architecture is considered as a tedious task and is affecting the adoption of cloud computing in healthcare organizations.
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OPPORTUNITIES
# EMERGENCE OF TELECLOUD
The convergence of wireless technology and the cloud is proving to be a very strong mechanism for patient care delivery to remote locations. In several countries, most physicians and specialists work in metros and cities. Hence, advanced care facilities are only available in such places, leaving patients in rural areas unattended.
This problem can be addressed effectively through the use of a telecloud, as it enables physicians and healthcare specialists to diagnose and treat patients over large distances, in real-time, and cost-effectively. With the rising awareness of telehealth among healthcare providers, the adoption of telecloud is expected to increase in several countries. This is expected to offer potential growth opportunities to players operating in the healthcare cloud computing market.
# FORMATION OF ACCOUNTABLE CARE ORGANIZATIONS
The Affordable Care Act defines ACOs as “groups of providers of services and suppliers meeting criteria specified by the Secretary of Health and Human Services who work together to manage and coordinate care for Medicare fee-for-service beneficiaries.” While operating under this organizational structure, the law stipulates that ACOs should meet quality performance standards which are established by the Secretary of Health and Human Services.
These organizations are eligible to receive payments for shared savings only after they meet the established standards. To achieve these performance standards, community and hybrid clouds are used by ACOs to effectively manage their care process. Thus, the growing number of ACOs is expected to offer potential growth opportunities to players operating in the healthcare cloud computing market in the coming years.
CHALLENGES
# ISSUES RELATED TO THE INTEROPERABILITY OF CLOUD
One of the major requirements of any hospital or healthcare organization is the easy and fast access to patient data. When data is migrated to the cloud by a hospital, it is stored on systems and platforms maintained by the service vendor. This can create various interoperability challenges. For instance, if a patient’s data is stored by one physician who refers the patient to another hospital or specialty clinic, then in such a case, the hospital should be able to access the patient’s health records stored on a different cloud. In order to maintain maximum efficiency, it is ideal if there is a high degree of interoperability and standardization between healthcare solutions for the cloud. Also, bringing the healthcare cloud on one platform is an ideal state, but it is a huge challenge, considering that there are several standards existing currently.
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