Summary List Placement
Fourteen health systems, including four of the nation’s 10 largest, are forming a new company, Truveta, to learn from their patient data.
The idea behind Truveta, now headed by Microsoft veteran Terry Myerson, is about two years in the making, Rod Hochman, the CEO of Providence St. Joseph Health, told Insider. In 2019, Providence made $25 billion in operating revenue across 51 hospitals and more than 1,000 clinics in seven states.
Hochman, who spearheaded the initiative, wanted big systems like his to work together on complex data problems, knowing their combined insights could be more powerful. It took the coronavirus pandemic, and all the confusion it brought with how to treat patients, to cause this many large institutions to act.
Truveta is funded by the health systems partners for now and will be a for-profit entity, though Truveta wouldn’t disclose financial details. Besides Providence, its backers are AdventHealth, Advocate Aurora Health, Baptist Health of Northeast Florida, Bon Secours Mercy Health, CommonSpirit Health, Hawaii Pacific Health, Henry Ford Health System, Memorial Hermann Health System, Northwell Health, Novant Health, Sentara Healthcare, Tenet Health, and Trinity Health.
Its leaders want to find data insights about health equity, clinical trials, payment models, disease …read more
Source:: Businessinsider – Tech