Everybody pair up to work on population health management!
Tuesday, exactly one hour after Siemens Healthineers announced a deal with IBM Watson Health, 3M Health Information Systems said it was teaming with the Google-affiliated Verily Life Sciences to develop technology to support population health management. Both partnerships will focus on financial as well as clinical aspects of the field.
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There is a difference, though. In the case of Siemens, the IBM partnership marks the German company’s entry into the field of population health management. 3M already is operating in that segment, albeit mostly on the fringes.
Verily, formerly called Google Life Sciences, will contribute its advanced analytics capabilities to St. Paul, Minnesota-based 3M’s existing offerings in data coding and risk stratification, the companies said.
In both partnerships, however, the participants will be building new technologies as they try to take a bite out of the growing market for IT to support value-based care.
“We have the data analytics and software to understand trends and make predictions across large quantities of data, and we see a clear opportunity to apply this approach to health data for insights that can impact care,” Tom Stanis, Verily’s head of software and analytics, said in a press release.
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“Together, with 3M’s know-how and deep expertise in parsing and coding clinical data, we imagine a world where providers have precise information to guide focused improvement, and can consistently access objective, actionable feedback to make informed decisions,” Stanis added.
MedCity News reached out to both 3M and Verily, but neither company was able to make an executive available for further comment on Tuesday. We will update this story when we hear back.
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