HCA and Google Sign Patient Data Analytics Deal
Data-driven patient care reflects healthcare industry trends
HCA Healthcare (NYSE: HCA) and Google (Alphabet-Google NASDAQ: GOOGL) have entered into a deal involving advanced data analytics improving patient care and cost outcomes.
Nashville-based HCA wants to learn more about its patient care performance and how to improve it based on analyzing data from patient records. HCA is one of the largest healthcare provider organizations in the United States.
HCA generates an enormous amount of data that represents a treasure trove of clinical insights
Founded in 1969, HCA operates 184 hospitals and roughly 2,000 other point-of-care patient service facilities, including various physician practices, surgery centers, and urgent care practices located in 21 states plus the UK.
The sheer scope and size of HCA’s organization, coupled with the diversity and volume of care it provides required it to partner with a company like Google to conduct an accurate and manageable deep dive into patient data for accurate insights. HCA manages more than 32 million patient visits annually.
The raw computing power and precision data analytics of Alphabet is a pivotal resource for the healthcare industry
Alphabet’s healthcare industry business strategy continues to unfold. The data-heavy initiative with HCA aligns perfectly with its Google Cloud Healthcare business unit that is amply fortified with computing power. The combination of its analytic and technical staff with HCA’s clinical and healthcare data teams is formidable tandem.
Google and Verily Life Sciences (another Alphabet healthcare business unit) have been hard at work establishing their healthcare capabilities and building their revenue streams in the healthcare industry. They include collaborations with Highmark Health, Swiss Re, Atrius Health and the California Veterans Affairs VA Palo Alto Healthcare System.
Patient data privacy and security will be accounted for
All data shared by HCA with Google will be completely de-identified. All patient privacy regulatory standards will be fully met and maintained. Security measures will also be in place to prevent inadvertent or malicious system intrusions from happening.
The promising potential of HCA and Google
Patient care continues to excel but as it does, it often becomes more complex and costly. The data exercises HCA and Google deploy can have a major impact on the quality of care and its expenses as new insights are generated. Patients, clinicians, payers and investors have much to look forward to as these two companies join forces to ask and answer some of the toughest questions in healthcare.
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