Future of Cloud Computing for Health Insurance Companies

With analytics and data management becoming an integral part of any business solution, the potential of cloud computing in health insurance sector is thriving. Cloud computing can help in streamlining the entire healthcare business by driving faster operations, reducing costs and improving user experiences. Although there are certain hiccups related to privacy and security of certain data but it cannot reverse the fact that the availability of data on cloud will neutralize the constant pressure over health insurance companies to provide seamless services and make it easier for people to avail healthcare services with ease.

This is the reason why today most of the health insurance companies are switching to cloud services, which has helped them streamline their business process. Since there are only two major players in the cloud computing sector, AWS and Azure, these health insurance providers are on the lookout for AWS solutions architect and Azure developers who can help them run the platforms better. By switching to cloud computing, here’s how health insurance companies have benefitted:

1. Cost Effective Management

By switching to cloud technology, healthcare insurance providers can do significant cost saving. The expenditure will be limited only to the infrastructure and storage capabilities which allow the healthcare insurance companies to invest the money into more meaningful activities. Storing and uploading data in the cloud also decreases the dependence on manpower and ensures minimum errors.

2. Ease to Interoperate

Data integration is a great way to ensure seamless processing when a person from one geographical area wants to access the health insurance benefits from a different area. Through cloud computing, the person’s data can be made available to the insurance personnel attending the patient and it will be easier for the medical insurance companies around the world to interoperate smoothly.

3. Scalability

The amount of data that is recorded in the field of health insurance is quite huge. Deciding a way to store the data and managing to store it is altogether a different problem. With cloud computing, the storage issues for big data can be solved easily. By storing huge amount of data over cloud computing, technologies like blockchain can offer a great solution to the storage problems of all healthcare insurance companies.

4. Security

Security and privacy of the patient data are one of the most important concerns of any healthcare insurance provider. A lot of measures have been taken over the years to ensure maximum privacy of data that is made available through cloud computing. Along with this, other data techniques like encryption, backup, recovery and permission-based data availability is being worked upon.

5. Adopting to EHR

EHR or Electronic Healthcare Record comprises the record of millions of patients in the world. Through EHR record, one can access a patient’s past medical records and even the insurances availed till date. Although cloud computing is not considered ideal to store these kinds of confidential data, work has been going on to provided secured cloud set-ups to store these kinds of data

6. Adherence to cloud-based platforms to reduce defaulters

Health insurances are available at a cost which people need to pay from time to time. Everybody should have health insurance to get any kind of major medical problems covered easily. However, there are some people who fail to pay the premium to maintain their medical insurances. By moving to cloud computing platforms, it is expected that health insurance companies will be able to notify people from time to time about the validity of the insurance and deadline for premium submission, etc. and lower the rate of defaulters.

To make all the above points possible, it is important for healthcare insurance companies to develop a robust solution. An AWS Solutions Architect deals with designing AWS cloud instances that are suitable for hosting Application team’s Web Service/application. A certified AWS solution architect will look after the design of one or more applications or services within an organization and work as a part of the solution development team.

Health care providers are spending a huge sum of money on cloud computing. By 2020, the investment is going to go up to $12.5 billion. The growth of tech devices in the healthcare industry is setting the future trend of the healthcare industry. Cloud computing in the healthcare industry is creating a strong foothold as more and more organizations are adopting cloud computing methods to host data, exchange information and backup data. It is not far when availing and applying for health insurance from any part of the world would be as easy as texting a friend.