IBM and Siemens Healthineers announced a five year alliance in Population Health Management (PHM).
The alliance is made to help hospitals, health systems, integrated delivery networks, and other providers deliver value-based care to patients with complex, chronic and costly conditions such as heart disease and cancer.
The health-focused alliance is the first of its kind for the companies, which have a long-standing global relationship. It also marks Siemens entry into PHM.
“The adoption of PHM solutions that demonstrate meaningful use of IT applications is expected to accelerate rapidly,” said Koustav Chatterjee, Frost & Sullivan Transformational Health Industry Analyst.
“Patient care is moving into a broader but coordinated environment where routine, manual tasks are automated by PHM solutions that unify siloed systems, stratify comorbidities, empower patients through engagement, and benchmark outcomes at network, practice, and patient level,” he addes.
The alliance leverages Siemens technology-driven innovations and IBM’s unique cognitive healthcare offerings.
As part of the partnership, Siemens Healthineers will offer PHM solutions and services from IBM Watson Health.
Siemens Healthineers will also provide consulting services to support providers in their transition to value-based care.