Healthcare Triangle Reports Developing Tech Solutions to Help Post-COVID Healthcare Industry Use Big Data to Deliver Better Care

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The pandemic brought a reportedly unprecedented need for innovative solutions to track contagious diseases, provide safer routine care and improve efficiency so that an already stretched-thin staff could continue to deliver exceptional care to all patients while also tackling the COVID-19 pandemic.

The healthcare cloud computing market, which more than doubled from $10.1 billion in 2018 to $28.1 billion in 2020, is also expected to exceed $64 billion by 2025, with the North American market accounting for as much as $40.5 billion of that market. 

Healthcare Triangle Inc. HCTI is one example of a company that hopes to further that progress and drive market growth by offering an expanding range of cloud platforms and technology specifically for healthcare organizations. Here are some of the digital and tech trends the pandemic has brought to the healthcare industry and how this healthcare tech company is looking to help organizations adapt to the digital transformation. 

COVID-19 Pandemic Pushes Digital Transformation in Healthcare Industry

A survey on digital health trends by CHIME paints a picture of just how much an impact COVID-19 has had on the digitization of the healthcare industry. Over 60% of healthcare IT executives report taking a hybrid approach to cloud operations, with about 48% moving data recovery and backup storage to the cloud to better protect the security of patient health information. 

About 55% of acute care organizations deploy predictive analytics into the clinician workflow. That includes the use of artificial intelligence (AI) to analyze biomedical data like patient genetics, blood pressure and blood sugar levels to deliver accurate diagnoses faster than doctors can on their own.

Electronic health records can allow care providers to share data more easily, avoid duplicate tests and prescriptions to minimize waste, and more easily store and find patient data without relying on cumbersome, traditional paper storage. 

Merging Big Data with Healthcare?

Formed in June 2020, Healthcare Triangle reports that it is carving out a unique and urgently needed niche: data and digital solutions that meet the rigorous regulations and compliance needs of the healthcare and life sciences industries. 

In an interview with HIStalk, CEO of Healthcare Triangle, Suresh Venkatachari said, “Significant high-tech advancements are happening in personalized healthcare at every stage of the patient’s healthcare journey.”

A key challenge, though, is implementing those advances as quickly as possible. “Traditionally, these types of projects take years to plan and implement, but we’re seeing increasing need to drive change in weeks and even months,” Venkatachari explained.

Ensuring compliance with privacy and security regulations is the chief challenge that slows down implementation but there’s also the cultural shift within healthcare organizations needed to make digital solutions more widespread.

To help the industry overcome those challenges, Healthcare Triangle says it offers both tech solutions and consultation services to help clients in healthcare and life sciences spaces implement data and cloud tech to streamline and optimize their patient care and research. 

Through a partnership with Google Cloud, owned by Alphabet Inc. GOOGL, for example, Healthcare Triangle offers Google Cloud solutions like AI, blockchain capabilities and data analytics in a compliant and secure way to meet the unique demands of clients in the healthcare space. Similar partnerships with Amazon Web Services, owned by Amazon.com Inc. AMZN, Microsoft Corp. MSFT and other cloud tech leaders allow Healthcare Triangle to help its clients make the digital transformation quickly and securely.

In August, the company launched Blockedge, a blockchain network that offers high security and transparency in supply chain management for pharmaceutical companies. The zero-coding platform is meant to work with multiple cloud providers and blockchain nodes so that organizations can easily build it into their existing IT ecosystem. 

Healthcare Triangle reports that its growing portfolio of digital solutions also includes readable.ai — a tool that automatically turns scanned or faxed medical documents into usable data to bypass the need for data entry and speed up patient processing — and DataEZ — an AI-driven service that can digest real-time data from research, remote biometrics monitors and genetics data to deliver diagnosis and other insights for both patients and doctors.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.