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Health System Collaborations with Big Tech and Proposed Updates to Merger Review: Impact on Healthcare Deals

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Hospitals Partnering with Big Tech for Healthcare Innovations

Hospitals and health systems are embracing collaborations with Big Tech companies like Microsoft, Amazon, and Google.

These partnerships aim to leverage generative artificial intelligence and digital health projects.

UNC Health has already developed an internal chatbot using Microsoft's Azure OpenAI Service.

One Medical, a subsidiary of Amazon, plans to open a new clinic in partnership with UCSF Health in San Francisco.

UC San Diego Health has empowered select physicians to draft responses to patient messages using generative AI technology from Epic and Microsoft.

Enhancing Outcomes and Workflows through Collaboration

Mayo Clinic has joined forces with Google Cloud to develop a generative AI application that enhances outcomes, researchers, and clinical workflows.

UPMC is utilizing an AI model from Microsoft to identify unstructured electronic health record (EHR) data such as symptoms and social determinants of health.

Amazon Web Services is a founding member of CancerX, a digital health project aligned with the Biden administration's 'cancer moonshot' initiative.

This collaboration aims to leverage the power of cloud computing and healthcare expertise to advance cancer research and treatment.

Additionally, One Medical plans to expand its presence in the Washington, D.C., area in partnership with MedStar Health.

Proposed Updates to Merger Review Rules

The Federal Trade Commission (FTC) and the Department of Justice (DOJ) are proposing updates to merger review rules.

These updates are intended to gather more detailed information about proposed healthcare deals.

The updates would require companies to provide additional insights into reasons for the deal, investment vehicles, projected revenue, market conditions, and earlier acquisitions.

The FTC argues that these updates are necessary to keep pace with the growing number and complexity of mergers in the healthcare industry.

However, these proposed updates may potentially add months to the merger filing process for companies.

References

www.beckershospitalreview.com. (June 26, 2023). 8 health system collaborations with Amazon, Google, Microsoft. www.beckershospitalreview.com.
Emily Olsen. (June 28, 2023). FTC proposes updates to merger review that could slow healthcare dealmaking. www.healthcaredive.com.

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