New Business Models in Health IT [WEBINAR]

  1. new-business-models-in-health-it-webinar

In our recent webinar, New Business Models for Health IT. Joel Daly, HOSTING Founder and EVP of Sales discussed ways healthcare CIOs can leverage new business models to successfully meet their most pressing challenges including: data convergence, HIPAA compliance, mobile (BYOD) integration, and securing protected health information (PHI) from cyberattacks and breaches. Missed it? You can view the on-demand webinar anytime. Following are some highlights from Joel’s presentation.

Health IT spend lags behind other industries

According to the Gartner IT Metrics: IT Spending and Staffing Report 2013, the healthcare industry trails other leading industries in IT spend as a percentage of their overall revenue.

  • Financial Services – 6.0%
  • Software/Technology – 5.8%
  • Education – 4.7%
  • Media – 4.5%
  • Healthcare – 3.2%

Increased patient demand, combined with reduced reimbursements and increasingly complex HIPAA compliance regulations, have healthcare CIOs searching for ways to maximize their limited IT resources into five budgetary buckets:

  • Core clinical systems
  • New clinical applications
  • Back-office applications
  • Interoperability
  • Compliance and security

Their ultimate goal? To reduce costs in core clinical systems, clinical and back-office applications, and interoperability while allocating more resources towards new clinical service applications. As a result, they are taking lessons from other businesses such as UBER, in order to streamline their investments, realize operational efficiencies and gain the flexibility and scalability needed to meet potential growth and M&A challenges.

Health IT Use Case – The Mental Health Center of Denver

Joel outlined how HOSTING helped The Mental Health Center of Denver (MHCD) leverage compliant cloud hosting solutions in order to “get them out of the data center business.”

MHCD was among the first behavioral health organizations to embrace cloud computing solutions. While the organization had its own servers and a dedicated IT team, it didn’t want to be involved in the minutiae of managing cloud computing solutions. HOSTING provided a multi-faceted solution comprised of the following:

  • A hybrid cloud that is integrated with a private cloud infrastructure and colocation capabilities.
  • HOSTING Cloud Recovery Services that provides transparent replication of MHCD’s entire operating environment to a geographically-dispersed HOSTING data center, ensuring that authorized providers have access to PHI 24 x 7 x 365, per HIPAA/HITECH compliance regulations.
  • A cloud desktop solution that centralizes content (application desktop and data) access and risk within the HOSTING data center, where data and individual virtual desktops can more easily be secured and managed.

The HOSTING Plan

The HOSTING plan for MHCD included the following steps:

  • Move clinical systems to a Software-as-a-Service (SaaS) model
  • Design a scalable cloud architecture
  • Leverage compliance experts to monitor and manage compliance activities
  • Deploy the HOSTING Healthcare Cloud in order to get out of the data center business
  • Implement a cloud desktop solution
  • Leverage part-time IT experts to provide managed cloud services
  • Implement new applications in order to reduce budgets, allowing MHCD to focus on new revenue streams

The Results

View the video below to listen to Dr. Carl Clark, CEO of MHCD, describe the results of his organization’s relationship with HOSTING.

View New Business Models for Health IT, to learn how the HOSTING Healthcare Cloud solves complex IT challenges.

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