Truveta, a data company owned by 17 US healthcare systems, has entered into a strategic partnership with Microsoft to select Azure service from the Redmond, Washington-based technology giant as its exclusive cloud platform.
Seattle-based Truveta is building a platform that will structure and normalize anonymized patient data from its member health systems. The platform will perform data analytics that will provide insights into different types of diseases, treatments, and outcomes, with the aim of supporting clinical decision making and drug development.
According to a press release, the company currently has access to data representing more than 15% of US patient care in 40 states. It recently raised $ 95 million in a Series A funding round.
According to the new partnership, Truveta will build its data analysis platform on Microsoft Azure and use the cloud computing service to extract insights from billions of anonymized data points, including medical records, images and genomics. The data is updated daily.
“We’re working with Microsoft to use data to save lives and promote equity in healthcare worldwide,” said Terry Myerson, CEO of Truveta, in the press release. “Our mission is to empower researchers to find cures faster, make every clinician an expert, and help families make the most informed decisions about their treatment.”
In addition to using Azure for its platform, Truveta will also work with Microsoft to scale the platform globally.
“Microsoft will help Truveta bring its platform to market globally, giving researchers around the world the opportunity to join the Truveta learning community and enable researchers to study the diversity of our planet and efficiently share health knowledge with everyone” said Tom McGuinness, corporate vice president of global healthcare and life sciences at Microsoft, in an email.
Microsoft will introduce Truveta’s platform to existing customers and develop capabilities to expand Truveta’s reach and membership of Truveta, thereby increasing the amount of data available for analysis.
In addition, Truveta will become a Microsoft Cloud for Healthcare partner that will integrate its platform with Microsoft’s cloud services and provide data insights for precision medicine and clinical analytics.
“[The integration] will complement what Microsoft Cloud for Healthcare is already offering to support the evolving healthcare industry, ”said McGuinness.
Microsoft Cloud for Healthcare offers health-specific configurations, connectors and applications, technical support and access to its partner ecosystem in the healthcare sector, which includes companies like KPMG and Cognizant.
Microsoft and Truveta declined to post specific contract terms, including whether funds have been invested and how long the partnership is expected to last.
Truventa was launched by 14 major healthcare systems in February, including Tenet Healthcare in Dallas, Northwell Health in New Hyde Park, New York, and Advocate Aurora Health in Milwaukee. Three other health systems joined as members in July.
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