Fridley, Minn.-based Medtronic and Irvine, Calif.-based Masimo Corp. are partnering to share anonymous patient data with each other and researchers to help predict health problems, the Minnesota Star Tribune reports.
Here's what you need to know.
1. Medtronic is joining the Patient Safety Movement Foundation. Masimo CEO Joe Kiani founded the foundation.
2. Medtronic will provide $5 million to the foundation and will share data from its devices the foundation will incorporate into its predictive analytical program.
3. The program is developing code which would use patient data to predict health problems for other patients in real time.
Mr. Kiani told the StarTribune, “We wanted to show the healthcare industry, hospitals, everyone, that when it comes to patient safety we all have to collaborate together. Even fierce competitors.”
4. The foundation has the support of more than 60 healthcare technology companies including GE Healthcare, IBM Watson Health, Philips Healthcare and Zoll Medical.
5. Medtronic will share patient-level information from its monitoring and diagnostic devices. Proprietary data or information from its implantable pacemakers will not be shared.
6. The foundation's main goal is to end preventable patient deaths in healthcare settings by 2020.
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