A medical gold mine, buried underneath layers of red tape

Fortune

Over the last few years, cloud computing has become more broadly accessible, offering an opportunity for performance improvement across a range of industries. The open, plug-and-play-type cloud-computing services and infrastructure provided by players such as Box and Dropbox can allow for aggregation and analysis of multiple independent entities and data sources at a scale not previously feasible. Opening these rich, cloud-based data platforms to third-party data analytics can generate greater insights than is possible within limited proprietary datasets.

Not every industry has taken advantage of advances in cloud computing. Health care has certainly been a laggard, largely on account of data privacy rules in the Health Insurance Portability and Accountability Act of 1996 (HIPAA). That legislation has led to a proliferation of isolated data platforms and electronic medical records. According to data from the Bureau of Labor Statistics, employment growth in the health care industry was among the highest in…

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Prinzo and Associates LLC is a tax firm located in Pittsburgh's South Hills. Since 1991 we have been helping clients with tax problems. We also help clients with retirement and other financial needs. If your business is in need of payroll, quickbooks or other financial assistance, we are here to help!

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