Cloud computing is transforming how healthcare providers deliver quality, affordable healthcare services to their patients. Two prominent forces are accelerating the healthcare cloud transformation: the business imperative to reduce costs and the need to deliver value-based patient care. To strike a perfect balance, healthcare providers should be able to cut down operational expenses on the business side to cope with the increasing administrative, infrastructure, and financial costs while also providing instant access to high-quality healthcare services to meet growing demand on the patient side.
The opportunities in the field of healthcare cloud computing look promising and can help providers achieve the above best-case scenario. Operations in the cloud optimize workflows, reduce costs associated with healthcare delivery, employ advanced analytics to provide patient insights, and engage customers with personalized care plans to improve outcomes. Hence, enterprises are increasingly turning toward healthcare cloud services to address business and patient needs and gain new efficiencies in today’s rapidly evolving environment.
What is Value-Based Healthcare?
In 2010, the US Government passed the Affordable Care Act (ACA) law which brought health insurance reforms and stressed the importance of value-based healthcare. Value-based healthcare is a healthcare delivery model that incentivizes providers to focus on the quality of services rendered rather than the number of healthcare services delivered. Under value-based care agreements, providers are rewarded based on patient health outcomes like reducing the incidence and impact of chronic diseases or improving quality of life through evidence-based medications. Measuring patient health outcomes against the cost of delivering healthcare services is necessary to obtain the “value” in value-driven healthcare.
How Healthcare Cloud Computing is Accelerating Value-Driven Patient Care
As already discussed, shifting to the cloud offers two-fold benefits for both healthcare providers and patients. Below are discussed the ways by which the healthcare cloud promotes value-based healthcare: Ease of Interoperability
Interoperability establishes data integrations throughout the healthcare system, regardless of the data point origin or storage. Due to the interoperability functionality of the cloud, patient data is readily available for gaining insights enabling healthcare planning and delivery.
By implementing healthcare cloud computing providers can enhance data interoperability, obtain easy access to patient data and share it with vital stakeholders to deliver prescriptions and treatment protocols on time. Healthcare operations in the cloud removes location barriers enabling specialists to review patient records and give their opinions irrespective of geographical limitations.
Besides, storing patient data in the cloud allows greater collaboration between various healthcare industry segments- pharmaceuticals, insurance, and payments. It enables seamless data transfer between the stakeholders, increases the efficiency of the processes, and accelerates value-based healthcare service delivery for patients.
Provides Access to Advanced Analytics
Healthcare data, whether structured or unstructured, is a valuable asset. Relevant patient data can be collated from various sources and computed in the cloud. The application of Big Data analytics and artificial intelligence algorithms on the cloud-stored data allows seamless processing of large datasets fueling research in the medical field.
Applying analytics on patient data paves the way for creating more personalized patient care plans tailored to individual requirements. It ensures every vital patient details are on record and nothing gets overlooked while prescribing medicines. Cloud-based data analytics enables value-driven patient care by providing actionable insights and improving health outcomes.
Allows Patient Data Ownership
Healthcare cloud services democratize data and provide patients with control over their health. Having ownership over personal medical records helps patients ensure that the system data is correct and complete. It encourages patient participation in matters related to their health, engages them, and fuels informed decision-making by functioning as a tool for patient engagement and education.
Remote accessibility of data is one of the best advantages of cloud computing. Combining cloud capabilities with healthcare unlocks new possibilities in healthcare-related functions such as telemedicine, virtual medical assistance, and post-hospitalization care plans.
Telemedicine applications add an element of convenience to healthcare delivery while telehealth improves patients’ access to healthcare services upgrading the overall patient experience. Cloud-based telehealth systems allow healthcare data sharing and provide healthcare coverage to patients during the preventive, treatment, and recovery phases.
Healthcare Cloud Computing: The Key to Truly Transform the Health Value Chain
Cloud computing has immense potential in the healthcare sector. Its combination with emerging technologies like Big Data analytics, medical IoT, and artificial intelligence paves multiple new avenues for streamlining healthcare delivery. With many benefits ranging from ease of interoperability to enhancing telemedicine capabilities, there is no reason not to opt for the cloud way!
Wipro’s Prescription for Healthcare Cloud Provider Cloud Success provides enterprises with healthcare cloud strategies to bridge the gap in the health value chain and truly transform with collaborative models. By driving better patient care and engaging them, Wipro is spurring innovation through targeted insight-driven actions across the health ecosystem by equipping healthcare leaders with cloud-based tools and applications to support value-driven healthcare and transform operations in the truest sense.