IBM has joined forces with Siemens Healthineers in a five-year deal aimed at helping healthcare organisations to provide better-value care to patients. The two companies have forged strategic alliances before, but never in the healthcare arena.
The companies say they want to help health professionals 'navigate unprecedented changes propelled by a growing volume and diversity of health data, an ageing global population, increasing prevalence of chronic diseases, changes in healthcare payment models, and the digitisation and consumerisation of healthcare'.
Matthias Platsch, head of services at Siemens Healthineers, explained: 'Combining our strengths, Siemens Healthineers and IBM can effectively help providers transition to a value-based healthcare environment. We will bring the power of Siemens Healthineers' extensive relationships with providers and our deep domain expertise in clinical workflows, services, and digital health technologies to bear to help bring population health management offerings to healthcare providers.
'The new alliance fits perfectly into the services business of Siemens Healthineers. Thus we will enter the rapidly growing PHM market which is expected to play a significant role in end-to-end value-based healthcare.'
Deborah DiSanzo, general manager for IBM Watson Health, added: 'We are at an unprecedented time in healthcare. Mature and developing markets are increasingly focused on how patient outcomes are optimised, quality is standardised among individuals and across populations, and costs are reduced. Siemens and IBM are ideal partners to work at the forefront of this evolution and enable personalised healthcare in the US and globally.'