Why Are Innovators Choosing Cloud?
Faster innovation, better member engagements, better data analytics, lower risk, and reduced costs—these are all huge value drivers of cloud. Faster innovation enables businesses to scale and launch new products in real time. Innovation shortens upgrade cycles and offers faster data processing. And with reduced IT and maintenance costs, health insurance employees have more time to be productive.
Member engagement can also be greatly enhanced. Data can be used to tailor offerings to individual members, making experiences more relevant and boosting retention.
Businesses can also offer additional benefits and premium services—things like video consultations and care pathway tracking—to further drive loyalty and improve healthcare and provider relations.
In terms of data analytics, businesses benefit from real-time data processing and seamless information flow— both of which culminate in faster, more powerful insights. Furthermore, reduced infrastructure, IT maintenance, and customization costs drive additional value which benefits the whole business.
Cloud also offers more insightful analytics on claims and value-based reimbursements, giving members a better customer service experience. Cloud will lower financial risk and help healthcare payers find ways to improve manual billing and enrolment.
Moving to the cloud will produce a substantial return on investment (ROI) for health insurers and give them a competitive advantage in the market. In short, the benefits of cloud far outweigh the costs of migration.