“It goes way beyond the electronic health record”, “What we’re looking at with Microsoft is taking all these data sources and turning it into meaningful information for clinicians.” stated Providence CEO Rod Hochman. “That has kind of created a foundation on which to feed machine learning systems, do data analytics and data science and really stitch more knowledge across a large health system,” stated Peter Lee, corporate vice president of Microsoft Healthcare.Microsoft does not plan to venture into the health care sector independently and prefers to build on key partnerships and dive into health care just like its other partnerships with Kroger, Walgreens, and Walmart, as informed by Lee. Providence aims to be a top digitalized health care provider with the association and intends to spread this technology across its 51 hospitals and 987 clinics. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website:www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!
Microsoft Partnering With Providence St. Joseph Health To Move to the Cloud
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. Recently, Providence St. Joseph Health and Microsoft reportedly entered into a five-year term partnership in order to digitalize health care and direct Providence’s health records out of hundreds of data centers into the cloud. The partnership aims to make availability and readability of information easier in order to make better and informed patient’s medical decisions.