Do people say your head is in the clouds? If they do, you’re likely on to something. At least if your head is in charge of your healthcare practice’s technology. Because you’ll be on the cutting edge of adopting this new technology. Check out 3 ways cloud technology is a gamechanger for health services providers.
1) Administrative costs.
No surprise here: inefficient billing practices are revenue drainers. Nearly 20 percent of consumers have unpaid health care bills due to confusing payment processes. And, up to 80 percent of medical bills contain mistakes, which results in a loss of approximately $125 billion annually.
Meanwhile, healthcare providers operating in the cloud are enjoying $8 billion in annual savings. Check out how digital payments reduced one provider’s administrative costs by 25 percent, and reduced time spent on submitting claims and processing patient payments by 88 percent.
2) Patient service.
Patients are accustomed to 24/7 availability and service from their banks, their retailers, their dog groomers –you get the picture. They’d like the same level of access and service from their healthcare providers.
In this new digital landscape, healthcare providers need to deliver Internet-based services that connect healthcare professionals with patients, to talk about upcoming procedures, aftercare, and medication management. Providers are increasingly turning to cloud solutions to modernize their legacy apps and IT infrastructure to make this happen.
3) Scalability and efficiency.
Getting up and running is half the battle and again, cloud technology claims the edge here. Cloud deployments typically take only 3-6 months, compared to the 12-month timeframe to implement an on-premise solution.
Healthcare cloud spending is skyrocketing, expected to increase from $3.73 billion in 2015, to $9.48 billion in 2020. And companies that offer the solutions health services providers are seeking will undoubtedly reap the financial benefits. Will yours be one of them?