Microsoft says, "The goal is noble: Empower people to lead healthier lives." Microsoft is taking a shot at breaking into healthcare by revealing cloud and artificial initiatives aimed at the industry. For many tech companies the healthcare industry is hot property, it's an industry that won't go away and it costs hundreds of billions to run, just look at the NHS. Microsoft's approach to making greater inroads into the sector is to create the Healthcare NExT initiative that aims to bring research and health technology product development to the sector so that it can tap into Microsoft's AI and cloud capabilities. Never one that's shy to play down its efforts, Microsoft wrote on its blog: "The goal is noble: Empower people to lead healthier lives.
In these areas, advanced technologies are playing an increasingly significant role. The confluence of advanced technology with the healthcare ecosystem is set to bring in more efficiency, speed, and cost optimization for hospitals and practitioners while making medical treatment more accessible, timely, and affordable for patients. Here's a look at how Microsoft Corporation (MSFT) is applying advanced technologies in this area. The World Health Organization (WHO) database reveals that over 45% of its member states report to have less than 1 physician per 1,000 population. The data published by the Association of American Medical Colleges (AAMC) shows that the U.S. could face a shortage of up to 120,000 physicians by 2030, impacting patient care across the nation.
Microsoft Corp. is trying again in health care, betting its prowess in cloud services and artificial-intelligence can help it expand in a market that's been notoriously hard for technology companies. A new initiative called Healthcare NExT will combine work from existing industry players and Microsoft's Research and AI units to help doctors reduce data entry tasks, triage sick patients more efficiently and ease outpatient care. "I want to bring our research capabilities and our hyper-scale cloud to bear so our partners can have huge success in the health-care world," said Peter Lee, a Microsoft Research vice president who heads Healthcare NExT. Microsoft has tried to expand in health care before, with mixed results. It had a Health Solutions Group for many years, but combined that into a joint venture with General Electric Co.