IBM has announced that it is to dedicate $100 million to a global initiative to "improve healthcare quality and costs." The plan will see the company utilize some of its leading scientists and technologists to help medical practitioners and insurance companies provide high-quality, evidence-based care to patients.
The initiative would see IBM work with medical institutions as well as hiring doctors to work alongside its staff as consultants, while developing "new technologies, scientific advancements and business processes for healthcare and insurance providers."
The $100 million will be spent over three years and will be invested in sectors such as integration, services research, cloud computing, analytics and emerging scientific areas - such as nanomedicine and computational biology - to drive innovations that empower practitioners to focus their efforts on patient care.
The news, which was announced on news-medical.net, states that over 100 researchers, across IBM's nine worldwide research laboratories and its collaboratories in Melbourne, Australia, and Taipei, Taiwan, will contribute to the initiative.
The three main areas of focus will include:
IBM expects to hire several physicians, clinicians, nurses, engineers, economists and social scientists to help in this areas as well as seeking new research collaborations with businesses, governments and universities.
"Improving the quality of healthcare requires more than just digitizing health data," said Chalapathy Neti, Global Lead, Healthcare Transformation at IBM Research. "In fact the proliferation of diagnostics technology has in many ways added another layer of complexity, making it more difficult to gain valuable insights for patient care. Enabling greater coordination between care providers and transforming data into clinical decision intelligence could improve patient outcomes and help lower costs of healthcare today."
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