Last year, I wrote about how blockchain technology is revolutionizing how hospitals handle your sensitive private information.
Since then, the medical industry has continued to get more and more high-tech.
One area that’s growing particularly fast is medical data systems.
With advanced software applications and faster information technology, medical practitioners can be more efficient and productive. That frees up time for them to see more patients in a given period.
For example, a new network developed by Premier Health lets three of the busiest emergency rooms in the Dayton, Ohio, area share information in real time.
It used to sometimes take days for one hospital to get access to another’s electronic health records. Doctors and first responders now have immediate access to that information. That helps them quickly decide the best way to treat their patients.
This kind of improved productivity and effectiveness is why health care providers spent $10.8 billion on data systems in 2018. And that spending is expected to grow to $13.6 billion in 2019 — a 26.1% increase in just one year.
In the latest issue of his Bauman Letter, financial expert and renowned economist Ted Bauman discusses one of the ways that data systems are revolutionizing health care: medical cloud computing.
Cloud computing lets you access files and information via the internet. Ted and I use it every day to coordinate projects with our colleagues here at Banyan Hill Publishing. And it’s quickly becoming a necessity for health care providers around the country.
Ted recommends an incredible company that he calls “the Amazon of medical cloud computing.”
He writes: “By getting more and more customers into its ecosystem, locking them in and cross-selling them on new products, [this company] is continuing to plant the seeds for impressive and reliable growth for years to come.”
Assistant Managing Editor, Banyan Hill Publishing