Skip to content
Home » New Blog Categories » Industries » Insurance » Cloud: Payers to consider a move to the cloud – Part II

Cloud: Payers to consider

a move to the Cloud – Part II

As cloud becomes a more widely adopted IT strategy as outlined in my latest Blog; Cloud_Next NEW NORMAL_expected to drive wider adoption – Part I so too is the industry showing a significant incline of cloud adoption in the healthcare industry including payers. 

An increasing number of health payers are migrating data, tools, and infrastructure to the cloud for more flexible and scalable storage.   Health Payers are considering more often to move certain applications or data to the cloud because it is generally cheaper to manage and support than on-premise infrastructure which also them to achieve cost savings by reducing their in-house IT team and IT infrastructure. 

However, migrating to the cloud provides many more benefits to payers beyond cost savings.  Payers can reengineer their business processes to take full advantage of new opportunities for innovation, expansion, mobility, and savings available through the cloud. 

health 1

WORLD CLASS SOLUTIONS FOR THE HEALTH INSURANCE INDUSTRY

A recent webcast on “Key Considerations for Health Payers moving to the cloud” showed the following considerations:

  • Emphasized that the IT team must focus on comparing current capabilities against services available in the cloud during the planning phase. The IT team should also create a strategy that focuses on transparency and value for both cloud and in-house infrastructure.

  • Examining the value of cloud computing through a people, process, and technology roadmap can help business teams evaluate how the cloud could benefit all aspects of daily business processes.

  • While migrating to the cloud can provide value to payers, advises businesses to be discerning when making decisions about any significant IT changes. The cloud can help companies make progress toward achieving strategic goals, but not all processes and systems are a good fit for cloud migration. Further, it is important to choose the right cloud options for the specific application.

Choosing the right cloud for the right application has been proven as a top of mind concern for Health Payers as they consider the move to the cloud. In a recent survey (Feb 2020) by VansonBourne, more than 2,300 IT decision makers validate that choosing a hybrid cloud model will best suit their needs.  The survey uncovers these important points:

  • Health Payers are increasingly adopting hybrid cloud models.
  • Respondents forecast that Hybrid cloud deployment by healthcare payers is expected to jump from 19 percent penetration to 37 percent in two years.
  • According to the Cloud Standards Customer Council (CSCC), the average enterprise environment uses a combination of five or six cloud environments that can be a combination of private on-premises and public clouds.

Content is a significant part of any business process at a health insurance payer. Content Services Platforms delivered as a service can provide significant value to a payer when considering the best option to store and make content available to other applications.  As such, as payers consider a move to the cloud it will be important for them to partner with a cloud provider that has demonstrated success in managing content and at providing hybrid cloud solutions that enable the best options to manage content and applications.  This is where “Experiences matters.”   Stay tuned to my next blog to learn more on this topic, 

Cloud: No two clouds are created equal. Part III.

FREE PAYERS SOLUTIONS INFOGRAPHIC ​

REQUORDIT'S INSURANCE PRACTICE

You may also like:
Ruth Fisk

Ruth Fisk

has more than 30 years of experience working within the insurance industry and is a foremost expert on the practical application of content services platforms in insurance. In her role as Global Director Insurance at REQUORDIT, she has worked with more than 2,000 insurance organizations to successfully reduce operating expenses, increase efficiency, and positively impact their bottom lines.

FREE EBOOK
PAYER SOLUTIONS

REQUORDIT'S

INSURANCE

PRACTICE

Ebook Payers mockup 02 e1619762953384

3 ways to Optimize Material Receipt Capture

In the Ready Mix and Aggregate space one of the most time consuming processes is managing the data entry of material receipts (sometimes called proofs of delivery or ‘tickets’) and then reconciling them against a material/haul invoice to ensure that all material has been received prior to providing payment.

Read More »

3 Ways OnBase Can Transform Your Salesforce Experience

The Integration for Salesforce is one of Hyland’s most popular features for many reasons, among them being the rising popularity of Salesforce as a CRM. Learn 3 ways OnBase can transform your Salesforce experience and upgrade the way your team uses it, through the easily configured purpose-built integration.

Read More »

Cloud: Payers to consider

a move to the Cloud – Part II

As cloud becomes a more widely adopted IT strategy as outlined in my latest Blog; Cloud_Next NEW NORMAL_expected to drive wider adoption – Part I so too is the industry showing a significant incline of cloud adoption in the healthcare industry including payers. 

An increasing number of health payers are migrating data, tools, and infrastructure to the cloud for more flexible and scalable storage.   Health Payers are considering more often to move certain applications or data to the cloud because it is generally cheaper to manage and support than on-premise infrastructure which also them to achieve cost savings by reducing their in-house IT team and IT infrastructure. 

 

 

DOWNLOAD OUR infographic FOR

PAYERS SOLUTIONS REQUORDIT'S INSURANCE PRACTICE

 

However, migrating to the cloud provides many more benefits to payers beyond cost savings.  Payers can reengineer their business processes to take full advantage of new opportunities for innovation, expansion, mobility, and savings available through the cloud. 

A recent webcast on “Key Considerations for Health Payers moving to the cloud” showed the following considerations:

  • Emphasized that the IT team must focus on comparing current capabilities against services available in the cloud during the planning phase. The IT team should also create a strategy that focuses on transparency and value for both cloud and in-house infrastructure.
  • Examining the value of cloud computing through a people, process, and technology roadmap can help business teams evaluate how the cloud could benefit all aspects of daily business processes.
  • While migrating to the cloud can provide value to payers, advises businesses to be discerning when making decisions about any significant IT changes. The cloud can help companies make progress toward achieving strategic goals, but not all processes and systems are a good fit for cloud migration. Further, it is important to choose the right cloud options for the specific application.
 
 
health 1

DOWNLOAD OUR BROCHURE

Choosing the right cloud for the right application has been proven as a top of mind concern for health payers as they consider the move to the cloud.  In a recent survey (Feb 2020) by VansonBourne, more than 2,300 IT decision makers validate that choosing a hybrid cloud model will best suit their needs.  The survey uncovers these important points:
  • Health Payers are increasingly adopting hybrid cloud models
  • Respondents forecast that Hybrid cloud deployment by healthcare payers is expected to jump from 19 percent penetration to 37 percent in two years.
  • According to the Cloud Standards Customer Council (CSCC), the average enterprise environment uses a combination of five or six cloud environments that can be a combination of private on-premises and public clouds.

Content is a significant part of any business process at a health insurance payer.  Content Services Platforms delivered as a service can provide significant value to a payer when considering the best option to store and make content available to other applications.  As such, as payers consider a move to the cloud it will be important for them to partner with a cloud provider that has demonstrated success in managing content and at providing hybrid cloud solutions that enable the best options to manage content and applications.  This is where “Experiences matters.”   Stay tuned to my next blog to learn more on this topic,  Cloud: No two clouds are created equal. Part III

Ruth Fisk

Ruth Fisk

has more than 30 years of experience working within the insurance industry and is a foremost expert on the practical application of content services platforms in insurance. In her role as Global Director Insurance at REQUORDIT, she has worked with more than 2,000 insurance organizations to successfully reduce operating expenses, increase efficiency, and positively impact their bottom lines.

PAYER SOLUTIONS

REQUORDIT'S

INSURANCE

PRACTICE

Ebook Payers mockup 02 e1619762953384

Solutions

discover 01

CloudOCR

is an easy and affordable OCR Software for business – automate manual data capture and validation through an our cloud OCR solution. Be processing documents in minutes!

Solutions

discover 01

Ancora

is an OCR platform that classifies documents and enables data extraction and validation and sends the data and files downstream for processing to a workflow

HEALTH PAYERS

HEALTH PAYERS

INFOGRAPHIC PAYERS SOLUTIONS

INFOGRAPHIC PAYERS SOLUTIONS

Free eBook

PAYERS SOLUTIONS

REQUORDIT'S INSURANCE

PRACTICE

ipad e1619762122954

Subscribe to the REQUORDIT blog

to receive directly in your inbox, the most recent tips and advice on how to develop your business automation strategy.

By clicking "Continue" or continuing to use our site, you acknowledge that you accept our Privacy Policy. We use cookies to provide you with the best possible experience on our website.

WEBINAR

REGISTER NOW!

WEBINAR

REGISTER NOW!

ONBASE + JD EDWARDS

ONBASE + JD EDWARDS

AUTOMATED PROCURE TO PAY

AUTOMATED PROCURE TO PAY

TALK TO A SALES REP

Interested in one of REQUORDIT’s solutions, services, or software? Talk to a Sales Rep to evaluate our offer and get consultancy. 

WANT MORE INFORMATION?