Here are five things to know about the North American healthcare cloud market, according to the report.
1. The North American healthcare cloud market is projected to be valued at $6.5 billion by 2018, growing at a compound annual growth rate of 29.8 percent. In 2013, the market was valued at $1.7 billion.
2. The market can be broken down into the clinical and non-clinical information systems. As mentioned above, the clinical information system segment is the largest market within the broader cloud market. The non-clinical information systems include revenue cycle management, automatic patient billing, payroll, claims management and cost accounting systems.
3. The increase in cloud computing adoption is partly spurred by a push to reduce costs, adoption of electronic medical records and a desire to share data quickly and securely.
4. The market includes three component categories: software, hardware and services. The software segment was the largest in the North American market.
5. The report names athenahealth, CareCloud Corp., Global Net Access Health, Hewlett-Packard, IBM Corp. and Microsoft among the key players in the North American Healthcare cloud computing market.
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