The economics of private and hybrid cloud approaches are making it possible for companies to conserve capital expenditures and employ budgets for more strategic endeavors.   To see how, look no further than our own experience as a leading source of comparative analytics for reimbursement, utilization and productivity data for the healthcare provider market.

When we decided to move from a public cloud solution to a hybrid (combination of public and private) solution, the decision came down to price and performance.

It’s paid off.  Since the transition, we pay roughly a third of the costs we did, which has allowed us to expand product offerings and maintain low subscription fees for our software as a service (SaaS) solutions.  The beauty of a hybrid cloud solution, however, is that we’re still able to use our public cloud provider, Amazon Web Services, for data storage, development, offsite data redundancy and disaster recovery.  Amazon’s data storage costs are low, and processing fees are based on usage, so once the data is stored, it doesn’t incur any processing fees.

Using the hybrid model has also increased our business agility, since we can rely on our cloud or the public cloud to quickly meet any business demands — from new product development, to customer base expansions, and more.   For more information on when to consider a public, private or hybrid cloud, please refer to our white paper.