Philips N.V. (PHG), Qualcomm (QCOM) Enter Connected Health Care Collaboration
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
Royal Philips (NYSE: PHG) and Qualcomm Incorporated (Nasdaq: QCOM) through its subsidiary, Qualcomm Life, Inc.,announced a strategic technology collaboration to advance connected health across the health continuum -- from healthy living and prevention to chronic care management and home care. The companies are teaming up to leverage each other's respective leading capabilities – Philips' leadership in connected health informatics and regulated health care cloud data management and analytics, and Qualcomm Life's expertise in secure, medical-grade device connectivity and integration. This collaboration will enable both companies to offer care providers enhanced, scalable, connected care solutions and services within a secure global ecosystem.
Qualcomm Life's 2net Platform will serve as the medical device connectivity solution for Philips HealthSuite, the company's cloud-enabled health ecosystem of devices, apps and digital tools. By joining the Qualcomm Life 2net Ecosystem, Philips provides its HealthSuite users seamless access to a wide array of connected medical devices including medication dispensers, medical grade biosensors, ventilators, blood pressure monitors, point of care self-tests, and blood glucose meters. Philips will leverage the 2net Platform to connect both Philips and third party medical devices. Secure connectivity, data capture and transmission powered by the 2net Platform, 2net Hub and 2net Mobile, will enable HealthSuite users to customize and scale connected care programs, add additional medical devices and gain a fuller patient profile over longer periods of time, with the aim to support timely intervention, assist in diagnosis, personalize treatment plans and help contribute to the goal of improving patient outcomes. An example of an implementation of this connectivity collaboration will go live shortly with Philips' Trilogy ventilator family and Care Orchestrator care management application to advance care for patients with COPD and other respiratory conditions.
As part of the collaboration, Qualcomm Life will leverage Philips HealthSuite as a global, secure, data management and storage solution for its medical-grade 2net Platform, allowing Qualcomm Life to tap into the value of health data through data normalization, aggregation and analytics. Qualcomm Life customers can now have direct access to build applications, integrate with electronic health record systems, store normalized data, run analytics, and manage authorization and consents in a compliant and secure environment.
"As the home is fast becoming a viable care setting, care providers, home health agencies, and other institutions are increasingly using connected care to reduce emergency care, readmissions of patients with chronic diseases," said Jeroen Tas, CEO, Connected Care and Health Informatics at Philips. "By collaborating with Qualcomm Life and leveraging its connectivity and wireless expertise, we aim to help care providers to engage better with their patients and contribute to the goal of improving outcomes. Patient self-management combined with 24/7 connectivity to a care network is an emerging model that enables scalable chronic disease management for patients and providers."
"An undeniable leader in the health care technology industry, Philips brings a deep technology expertise to their health care initiatives, and by joining forces we aim to deliver intelligent care to patients and providers at scale," said Rick Valencia, president, Qualcomm Life, Inc. "We are thrilled to be working with Philips, enabling Qualcomm Life to continue to grow its ecosystem and ultimately serve as the underpinning of the Internet of Medical Things."
Jeroen Tas and Rick Valencia will deliver keynote presentations at Qualcomm Life's connected health ecosystem conference, Connect 2016, on August 31, in San Diego, CA. For more information please visit http://www.qualcommlife.com/connect/ and follow @PhilipsLiveFrom, @QualcommLife and the event hashtag, #qualcommconnect.
For more information on Philips HealthSuite, please visit: http://www.usa.philips.com/healthcare/innovation/about-health-suite. For more information on Qualcomm Life 2net, please visit: http://www.qualcommlife.com/mobile-medical-solutions.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bristol-Myers Squibb (BMY) Announces FDA Acceptance of Opdivo sBLA as Treatment for Adv. Bladder Cancer
- Concordia International (CXRX) CEO to Step Down
- Altra Industrial Motion (AIMC) to Acquire GKN's Stromag
Create E-mail Alert Related CategoriesCorporate News, Management Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!