Healthcare Cloud Market to Hit $5.4 Billion by 2017

Susan D. Hall | FierceHealthIT | July 5, 2012

The global market for cloud computing in healthcare is expected to reach $5.4 billion by 2017, according to research firm MarketsandMarkets. Last year, the market was valued at $1.7 million with just 4 percent penetration, but it's expected to grow by 20.5 percent a year.

The report divides applications into two types: clinical--which includes electronic health records, computerized physician order entry, imaging, radiology, lab, pharmacy, and others; and non-clinical--including revenue cycle management, automatic patient billing, cost accounting, payroll management and claims management...