The EHR deal
According to CNBC, Amazon (AMZN) could be on the verge of making a deal with healthcare information technology company Cerner (CERN). This agreement could help Amazon expand into the healthcare industry and Cerner to boost its healthcare services. The deal will combine one of the most extensive electronic health record (or EHR) providers in the US with Amazon’s cloud computing services. EHRs are digital versions of patients’ medical history and are helpful for diagnosis and treatment. The partnership plans to offer EHR services along with Amazon analytics at high speed and accuracy to large healthcare organizations.
Amazon Web Services growing at a rapid pace
Cerner has partnered with AWS (Amazon Web Services) in the past for storage, computer databases, and on-demand disaster recovery. Now the expanded alliance between the two aims to give hospitals and other large medical institutions access to data from EHRs at AWS speed using artificial intelligence technologies, which could reduce treatment costs. Reportedly, the deal will focus initially on Cerner’s population health product platform, HealtheIntent.
Recently, Amazon has remained intent on growing its cloud computing services in the healthcare industry. AWS has partnered with several healthcare companies including Practice Fusion, another EHR vendor. Apple (AAPL) is also reportedly in talks with different healthcare organizations to bring EHRs to the iPhone. Software giants Microsoft (MSFT) and Alphabet (GOOGL) are also planning to enter the healthcare industry.