# Modernization * **Definition:** The process of updating or replacing older software applications and improving systems and processes in healthcare to enhance functionality, performance, data collection, analysis, and user experience, thereby improving healthcare outcomes and responses to public health challenges. * **Taxonomy:** CTO Topics / Modernization ## News * Selected news on the topic of **Modernization**, for healthcare technology leaders * 9.4K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 5/28/2025 | [**Cherry Bekaert Launches Finance Modernization Solution, Offering Outcome-Driven ...**](https://www.prnewswire.com/news-releases/cherry-bekaert-launches-finance-modernization-solution-offering-outcome-driven-scalability-for-middle-market-cfos-302466364.html) | [[PR Newswire]] | | 4/28/2025 | [**Sonata Software Secures a $73 Million AI-led Digital Modernization Deal with a Leading US ...**](https://www.prnewswire.com/news-releases/sonata-software-secures-a-73-million-ai-led-digital-modernization-deal-with-a-leading-us-tmt-company-302439380.html) | [[PR Newswire]] | | 4/28/2025 | [**Sonata Software Secures a $73 Million AI-led Digital Modernization Deal with a Leading US ...**](https://www.prnewswire.com/in/news-releases/sonata-software-secures-a-73-million-ai-led-digital-modernization-deal-with-a-leading-us-tmt-company-302439383.html) | [[PR Newswire]] | | 4/28/2025 | [**AI, Compliance, and Modernization Top Priorities for Healthcare IT Leaders in 2025, According to Info-Tech Research Group's New Report**](https://finance.yahoo.com/news/ai-compliance-modernization-top-priorities-193600381.html) | [[Yahoo Finance]] | | 4/28/2025 | [**AI, Compliance, and Modernization Top Priorities for Healthcare IT Leaders in 2025 ...**](https://finance.yahoo.com/news/ai-compliance-modernization-top-priorities-193600579.html) | [[Yahoo Finance]] | | 4/28/2025 | [**Sonata Software Secures a $73 Million AI-led Digital Modernization Deal with a Leading US ...**](https://finance.yahoo.com/news/sonata-software-secures-73-million-052300277.html) | [[Yahoo Finance]] | | 4/28/2025 | [**Sonata Software Secures a $73 Million AI-led Digital Modernization Deal with a Leading US ...**](https://www.morningstar.com/news/pr-newswire/20250428io73987/sonata-software-secures-a-73-million-ai-led-digital-modernization-deal-with-a-leading-us-tmt-company) | [[Morningstar]] | | 4/14/2025 | [**Rapid Expansion of Healthcare Outsourcing Market to Reach $662 Billion by 2028, Driven ...**](https://finance.yahoo.com/news/rapid-expansion-healthcare-outsourcing-market-120000654.html) | [[Yahoo Finance]] | | 3/24/2025 | [**Application Transformation Market is expected to generate a revenue of USD 38.6 Billion by ...**](https://www.prnewswire.com/news-releases/application-transformation-market-is-expected-to-generate-a-revenue-of-usd-38-6-billion-by-2031--globally-at-28-2-cagr---market-research-intellect-302409236.html) | [[PR Newswire]] | | 3/24/2025 | [**Application Transformation Market is expected to generate a revenue of USD 38.6 Billion by ...**](https://finance.yahoo.com/news/application-transformation-market-expected-generate-143000866.html) | [[Yahoo Finance]] | | 3/23/2025 | [**The ultimate guide to IT modernization in 2025**](https://www.bizjournals.com/stlouis/inno/stories/partner-content/2025/03/24/ultimate-guide-it-modernization-2025.html) | [[The Business Journals]] | | 3/13/2025 | [**Santosh Bhupathi Honored as Most Innovative Database Engineer of the Year 2025 at ...**](https://finance.yahoo.com/news/santosh-bhupathi-honored-most-innovative-072500778.html) | [[Yahoo Finance]] | | 3/4/2025 | [**Growth Acceleration Partners Report Reveals 92f Organizations Still Using Legacy Technologies Despite Modernization Needs**](https://finance.yahoo.com/news/growth-acceleration-partners-report-reveals-135400822.html) | [[Yahoo Finance]] | | 3/4/2025 | [**Growth Acceleration Partners Report Reveals 92f Organizations Still Using Legacy Technologies Despite Modernization Needs**](https://uk.finance.yahoo.com/news/growth-acceleration-partners-report-reveals-135400822.html) | [[Yahoo Finance UK]] | | 2/4/2025 | [**Application Modernization Services Market to Reach USD 67.87 Billion by 2032-Exclusive Report by SNS Insider**](https://finance.yahoo.com/news/application-modernization-services-market-reach-150000027.html) | [[Yahoo Finance]] | | 12/23/2024 | [**3 Questions to Ask Before Modernizing Healthcare IT Infrastructure**](https://healthtechmagazine.net/article/2024/12/3-questions-ask-modernizing-healthcare-it-infrastructure) | [[HealthTech Magazine]] | | 12/4/2024 | [**Sonata Software Achieves The AWS Generative AI Competency - PR Newswire**](https://www.prnewswire.com/news-releases/sonata-software-achieves-the-aws-generative-ai-competency-302322354.html) | [[PR Newswire]] | | 11/27/2024 | [**Sonata Software Wins Multi-Million Dollar Modernization Deal In Australia From A Global ...**](https://www.prnewswire.com/news-releases/sonata-software-wins-multi-million-dollar-modernization-deal-in-australia-from-a-global-leader-in-access-solutions-302317409.html) | [[PR Newswire]] | | 11/13/2024 | [**Application Modernization Services Market Research Report 2024-2029 - Yahoo Finance**](https://finance.yahoo.com/news/application-modernization-services-market-research-090600341.html) | [[Yahoo Finance]] | | 11/12/2024 | [**Mainframe Modernization Services Market Skyrockets to $86.14 Billion by 2031 Dominated ...**](https://www.prnewswire.com/news-releases/mainframe-modernization-services-market-skyrockets-to-86-14-billion-by-2031-dominated-by-tech-giants---accenture-capgemini-and-cognizant--the-insight-partners-302302749.html) | [[PR Newswire]] | | 11/12/2024 | [**Mainframe Modernization Services Market Skyrockets to $86.14 Billion by 2031 Dominated ...**](https://finance.yahoo.com/news/mainframe-modernization-services-market-skyrockets-153100553.html) | [[Yahoo Finance]] | | 11/7/2024 | [**Benefits of Low Code App Modernization for Enterprises - by Rosy Williams - Medium**](https://medium.com/@rosywilliams99/benefits-of-low-code-app-modernization-for-enterprises-c55d8696076f) | [[Medium]] | | 9/20/2024 | [**Hospitals desire a digitalized revenue cycle, but challenges persist**](https://www.beckershospitalreview.com/finance/hospitals-desire-a-digitalized-revenue-cycle-but-challenges-persist.html) | [[Beckers Hospital Review]] | | 9/17/2024 | [**Modernization Challenges Hinder Productivity Among IT Teams, According to New Survey from Rocket Software**](https://www.tmcnet.com/usubmit/2024/09/17/10073806.htm) | tmcnet.com | | 6/20/2024 | [**The Imperative Of Enterprise Systems Modernization In The AI Era**](https://www.forbes.com/councils/forbestechcouncil/2024/06/20/the-imperative-of-enterprise-systems-modernization-in-the-ai-era/) | [[Forbes]] | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **Rocket Software**: A company that conducted a survey highlighting the importance of IT modernization for achieving business goals. - **Dataiku**: Offers an analytics modernization program to help enterprises transition from legacy systems to modern AI platforms. - **Sonata Software**: A modernization engineering services provider, focusing on digital transformation across multiple sectors, including healthcare. - **mLogica**: A technology company providing IT modernization and big data solutions, focusing on enhancing data management for public sector organizations. - **FPT Software**: A technology provider developing frameworks to optimize cloud modernization programs. - **Accenture**: A consulting firm acquiring digital twin technology to aid banking modernization. - **Kyndryl**: A company that assists businesses with mainframe modernization and AI integration, emphasizing the importance of AI in enhancing operational efficiency. - **Permuta Technologies**: Collaborating with IBR and Microsoft to modernize Marine Corps IT systems. - **Persistent Systems**: A global leader in Digital Engineering and Enterprise Modernization, known for launching AI-driven solutions. - **FPT**: A global IT firm recognized for its role in application modernization and cloud services. - **ASSYST**: A contractor selected by USDA to modernize IT operations and enhance cloud adoption. - **Altimetrik**: Recognized for its capabilities in data modernization and AI services, supporting businesses in achieving digital transformation. - **CDC**: Centers for Disease Control and Prevention, involved in public health data modernization efforts. - **HIMSS**: An organization advocating for health equity and technology improvements in healthcare, focusing on telehealth and data modernization. - **AveriSource**: An independent software vendor specializing in application migration and modernization. - **Onix**: A company focused on data modernization, emphasizing the need for businesses to adapt to an AI-driven future. - **Amdocs**: Conducts studies highlighting the need for data modernization in communications service providers to support AI. - **Thoughtworks**: A technology consultancy that has partnered with AWS to accelerate modernization and migration efforts across various industries. ### Partnerships and Collaborations - **FDA and other agencies**: Initiating a modernization program to enhance technology and processes for compliance in FDA-regulated industries. - **mLogica and Carahsoft Technology Corp.**: Partnering to provide IT modernization solutions to government agencies, focusing on legacy technology upgrades. - **Sembix and Texas Nonprofits**: ModernImpact initiative providing free legacy system modernization services. - **Permuta Technologies, IBR, and Microsoft**: Collaboration to support Marine Corps IT systems modernization. - **V3Gate and Technatomy Corporation**: Partner to provide low-code technology solutions for federal agencies to accelerate modernization. - **FinThrive and CDW**: Engaged in a 16-month cloud migration process to modernize applications and improve cloud management. - **Centra Healthcare**: Initiated a multi-year modernization plan to enhance healthcare services in Lynchburg, Virginia. - **Dataiku and Deloitte**: Collaborate on an analytics modernization program to streamline data operations and enhance AI capabilities. - **Zafin and 10x Banking**: A collaboration to provide an integrated core system for banks, addressing core modernization challenges. - **Sonata Software and a US-based Technology Company**: A five-year engagement to establish an AI-enabled Modernization Engineering Center in India. - **FPT and major tech companies**: Partnerships with AWS, Microsoft, and Google Cloud to facilitate digital transformation. - **Renown Health and CIO Chuck Podesta**: Focused on standardizing technology and developing a strategic IT plan for modernization. - **Leidos and CDC**: Collaboration for the development and modernization of the NHSN to enhance patient safety and healthcare delivery. - **Kyndryl and Google Cloud**: Expanded partnership to enhance mainframe modernization through generative AI. - **IBM and watsonx**: IBM's new platform designed to help enterprises manage AI applications and modernize legacy systems. - **Caregility and Johns Hopkins Medicine**: Partnership to implement the Caregility Cloud™ platform for virtual nursing and care modernization. - **Hexaware and AWS**: Collaboration to enhance customer experience solutions through modernization and AI. - **NTT DATA and Kinaxis**: A collaboration aimed at improving supply chain efficiency through digital transformation. - **Department of Veterans Affairs and Oracle Health**: Extended contract for electronic health record modernization despite previous performance issues. - **VA and Cerner (Oracle)**: Partnership for the EHR modernization initiative to improve access to veterans' medical histories. ### Innovations, Trends, and Initiatives - **Application Modernization**: The process of assessing and improving existing software to better align with organizational needs and enhance functionality. - **Cloud Modernization**: Essential for enhancing scalability and operational efficiency, involving a structured approach to modernizing IT systems. - **Application Modernization Services Market**: Projected growth driven by cloud adoption and the need to modernize outdated systems. - **Application Modernization in Healthcare**: Healthcare organizations are modernizing application infrastructure to improve workflow efficiencies and reduce costs. - **Mainframe Modernization**: A growing market projected to reach $86.14 billion by 2031, driven by the need for integrating emerging technologies. - **Application Transformation Market**: Expected to grow significantly as organizations modernize legacy applications to enhance operational efficiency. - **Data Modernization**: Organizations are prioritizing data modernization to support AI capabilities and improve interoperability. - **Low Code App Modernization**: Utilizing low code platforms to enhance business agility and streamline application development, allowing non-technical users to participate. - **Data Modernization Initiative**: CDC's initiative to upgrade public health infrastructure and analytics capabilities to improve data sharing and analysis. - **Payment Modernization**: Trends towards streamlined payment processes, including digital wallets and alternative payment methods. - **HAI Build and HAI Modernize by Presidio**: New approaches integrating AI into software development to enhance speed and flexibility in modernizing legacy applications. - **Value-Based Care Transition**: Shift from fee-for-service to value-based care necessitating modernization of operational workflows. - **Cloud Migration Strategies**: Organizations are exploring various strategies for modernization, including cloud infrastructure and hybrid approaches. - **EHR Modernization**: The VA's initiative to connect its facilities with the Department of Defense for better patient care management. - **Cloud Modernization Factory (CMF)**: FPT Software's framework to optimize cloud modernization programs. - **Digital Transformation**: Accelerated by the COVID-19 pandemic, leading to increased adoption of digital technologies across various sectors. - **Application Modernization Services**: Expected to grow from $19.82 billion in 2024 to $39.62 billion by 2029, with healthcare being a significant sector. - **Data Modernization Pillars**: Key strategies for successful data modernization include AI-driven platforms and treating data as a monetizable asset. ### Challenges and Concerns - **Cost of Modernization**: Organizations report high costs associated with application rewrites and modernization efforts, which can deter progress. - **Operational Resilience**: Technology modernization can introduce complexities that may negatively impact operational resilience. - **Data Modernization Necessity**: Outdated systems hinder real-time decision-making, making data modernization a strategic imperative. - **Security Risks**: Modernization efforts must balance the need for speed with the importance of security in digital transactions. - **Talent Shortages**: A lack of technically skilled staff is a significant barrier to successful modernization. - **Technical Debt**: Organizations must address accumulating technical debt and security vulnerabilities as they modernize. - **Security Concerns**: Maintaining security during modernization processes is critical, especially in regulated industries like healthcare. - **Complexity of Transition**: Transitioning from legacy systems to modern cloud platforms is often complicated and labor-intensive. - **Regulatory Uncertainties**: Healthcare organizations face challenges in navigating compliance while implementing modernization initiatives. - **ROI on IT Modernization**: Many IT modernization efforts fail to meet ROI targets due to misalignment between execution and technology adoption. - **Compliance in FDA-regulated Industries**: The need for modernization in computer systems to ensure compliance with evolving regulations. - **Skills Shortages**: Organizations face skills shortages that hinder the transformation of complex, mission-critical systems, particularly in mainframe modernization. - **Resource Constraints**: Organizations often cite lack of time and resources as barriers to modernizing legacy applications. - **Cultural Resistance**: Organizations face challenges in fostering a culture that embraces digital transformation. - **Legacy Systems**: 92% of businesses still use outdated technologies, posing security risks and hindering modernization efforts. - **Budget Constraints**: Many healthcare organizations face challenges in modernizing technology due to limited budgets.