Cognizant Partners with Philips to Build Custom Apps for Healthcare Organizations
Healthcare technology company Philips and IT services provider Cognizant are teaming up to build custom apps for healthcare organizations, the companies said Thursday. The partnership reflects the challenge within the healthcare industry to take full advantage of the growing amount of data available.
The new partnership aims to serve healthcare providers, life science researchers, biopharmaceutical and medical device manufacturers and patients. Cognizant will help organizations build, deploy and operate custom applications on Philips HealthSuite.
HealthSuite is a platform for securely storing health data and applying data analytics andto that. It is based on Amazon Web Services and currently integrated with over 100 types of medical devices.
Cognizant will help healthcare providers take advantage of the platform to monitor patients outside of traditional environments and provide a way for patients to learn more about their health. They will help biopharmaceutical and medical device manufacturers create applications to use advanced analytics to guide clinical development decisions. The IT services company will help life science companies use HealthSuite for remote patient monitoring and decentralized clinical trials.
âDespite advancements, patients and clinicians still face a fragmented technology and data landscape that holds back innovative healthcare services that improve the quality of care and the human experience,â said Shez Partovi, director of innovation and strategy of Royal Philips, in a statement. âPhilips is committed to driving the digital transformation of healthcare. Partnering with Cognizant’s experienced digital engineering teams will accelerate adoption of solutions based on Philips HealthSuite, delivering digital solutions across the healthcare continuum in a secure and compliant manner and ultimately help guide better health decisions for the sick. “
Over the past five years, Philips has focused strictly on healthcare technology and now has three main business segments in this area: personal health, diagnosis and treatment, and connected care. The company grossed 19.5 billion euros in 2020 and forecasts growth of around 5-6% per year through 2025. According to Philips’ own estimates, the overall healthcare technology market is expected to grow by about 4% per year.