What is Technology Debt and Why is it Important?

Technology debt is defined by Platform 3 Solutions as the current monetary and opportunity cost tied to existing technology that puts the business at risk or contributes to the operational complexities associated with outdated applications, subscriptions, maintenance, and processes, along with the human capital required to sustain them.

Platform 3 assesses an organization’s technology debt to create an ROI cost savings model, then uses tools like our own Archon ETL to efficiently migrate and archive data from legacy systems to new technologies. Our revolutionary tools and services create a streamlined application decommissioning process, saving companies time and money, and making Platform 3 Solutions a leader in technology debt reduction.

Innovate and grow your business

Measure true technology debt

A cross-functional assessment to Identify, Analyze, Categorize and Prioritize

We deliver significant savings.

Our process assesses true technology debt accrued by current systems and delivers an ROI removing expensive and complicated end-of-life technologies, simplifying business operations, and mitigating their risk profile.

Reallocate costs & fund innovation.

Using insights derived from Platform 3's Technology Debt Score, you can more easily archive and decommission legacy data and applications, deliver significant ROI back to the organization, and become a self-funding entity.

Get help with legal and compliance risks.

Our experts manage legal and compliance risk by classifying your data to intelligently migrate only what is valuable, archive just what is needed for retention, and defensibly delete everything that's not needed.

Platform 3 Technology Debt Score^™ and Platform 3 ROI Assessment^™

Our Platform 3 Technology Debt Score™ is a proprietary tool that monetizes all aspects of the debt to provide a “transformation investment” with a defendable ROI that funds innovation. This helps clients understand both the risk vs. benefit and the cost vs. savings between moving forward or doing nothing.

Platform 3 Roadmap to Action^™

Archive or retain data & information for compliance and governance
Migrate data & information to new modern platforms and applications
Remove (retire, decommission, and deconstruct) technology applications and infrastructure to close the technology lifecycle loop
Defensively delete data & information that no longer has business value or poses potential risk

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Minimizing Healthcare Tech Debt with Patient3Sixty

Proven Results

In addition to our end-to-end services & solutions for assessing and reducing technology debt, we provide specialized expertise to help the healthcare industry fund innovation and:

Decommission legacy clinical & back-office applications
Deliver significant ROI back to organizations
Become a self-funded entity

Benefit & Innovate

Some of the benefits our clients have realized:

One provider saved approximately $9 million in operational costs after retiring over 33 applications with us.
Using Patient3Sixty, a provider needed 50% less ROI staff.
Clinicians that have access to legacy clinical data within their EMR spend more time on patient care with Patient3Sixty.
FHIR interoperability provides secure data exchange.