IBM Invests $100 Million in Health Care IT
IBM is launching a $100 million health care IT research campaign that will work to develop new medical technology on multiple fronts. The program includes hiring medical professionals to work alongside IBM's IT researchers.IBM is investing $100 million over the next three years to boost its efforts in medical research. The company will hire medical doctors, nurses, clinicians, social scientists and engineers to work alongside more than 100 of its IT researchers, IBM announced July 15.
The IT giant is active in areas such as DNA sequencing and nanomedicine, which applies nanotechnology - the building of materials at a subatomic level - to medicine.
The $100 million health care push includes a partnership with Peking University People's Hospital in China to build a mobile platform to remotely manage chronic diseases.Meanwhile, IBM also announced that it will share its expertise in analyzing IT systems with claims processing firm NASCO (National Account Service Company) to help the claims payment industry adapt to changing health-care regulations. On July 1, Big Blue announced a collaboration with Switzerland-based pharmaceutical firm Roche on DNA sequencing that could lead to personalized medical diagnosis and treatment.