IT services provider Cognizant has partnered with Health technology company Philips to build customized applications for the health sector organizations, the companies announced on Thursday. The partnership reflects the challenge within the health sector to leverage the growing amount of data available fully.
Cognizant and Philips’s partnership aims to serve healthcare providers, researchers within the life sciences, biopharmaceutical and medical device manufacturers, and patients. Cognizant will assist organizations in building, deploying, and operating custom applications on Philips HealthSuite.
The HealthSuite is a platform for storing health data securely and applying data analytics and AI to it. It’s based on Amazon Web Services (AWS) and is currently integrated with more than 100 kinds of medical devices.
Cognizant will help healthcare providers leverage the platform to monitor patients out of traditional settings and give them a way to learn about their health. They’ll help biopharmaceutical and medical device manufacturers build applications to use advanced analytics to guide clinical development decisions. In addition, Cognizant will also help life science companies use HealthSuite for remote patient monitoring and decentralized clinical trials.
Shez Partovi, Royal Philips’ chief innovation & strategy officer, said in a statement, “Despite progress, patients and clinicians still face a fragmented technology and data landscape that holds back innovative healthcare services which improve care quality and the human experience.”
He further said that Philips is committed to driving digital transformation in Healthcare, and partnering with Cognizant’s experienced digital engineering teams will boost the adoption of solutions built on Philips HealthSuite, delivering digital solutions across the healthcare spectrum in a secure and compliant manner, and ultimately helping guide better health decisions for patients.
Philips has focused strictly on healthcare technology in the last five years and now has three business core business segments in this area –
- Personal Health
- Diagnosis & Treatment
- Connected Care.
The company brought 19.5 billion euros in 2020 and expects to grow around 5 to 6 percent a year through 2025. By its estimate, the overall health technology market is expected to grow 4 percent each year.