New York (CNN Business) IBM said Friday that it will sell off the healthcare data and analytics assets housed under its Watson Health unit to private equity firm Francisco Partners. The deal signals that IT giant IBM ( IBM ) is stepping back from its ambitions in the healthcare space as it focuses on building hybrid cloud computing capabilities, an effort that has accelerated since Arvind Krishna took over the CEO position in 2020 . IBM stood up Watson Health as a separate business unit in 2015 with the goal of using data to help doctors, researchers and insurers solve some of healthcare's biggest problems. The company invested in a series of deals to acquire healthcare data, and took on challenges ranging from improving diabetes care to overhauling cancer treatment. But the bold bet didn't pan out. The Wall Street Journal reported nearly a year ago that Watson Health generated around $1 billion in annual revenue and no profit, and that IBM was … [Read more...] about IBM is selling off its Watson Health assets
Star health and allied insurance company
Share to Twitter Share to Linkedin Founder & Pres. of Group Planners Inc . a/k/a BritePath where he oversees a team of benefit experts that build high-performance health plans. Starting an automobile is easy. Even placing a key in the ignition is now obsolete in most new cars and trucks. Simply slip into the driver’s seat, push down on the brake pedal and press a button. While the physical requirements are simple, the math and physics formulas necessary are complex. If one element or property is missing, the automobile will not start. Yet tens of millions of Americans drive down our highways every day. You see, knowing how something works is not a prerequisite to using it effectively. If it were, we’d have to eliminate things like the electric toothbrush, the Ring doorbell and credit cards. But when something doesn’t work, it is helpful to know a bit about it to avoid costly repairs or unnecessary replacement. Automobiles, major appliances and … [Read more...] about What’s Wrong With Your Employer-Sponsored Health Plan And How To Fix It
Share to Twitter Share to Linkedin Allie Danziger is the CEO and co-founder of Ampersand . For business owners, executives and HR professionals, Covid-19 didn’t simply threaten employee health. Rather, 2021 will forever be marked by the massive wave of employee turnover dubbed the "Great Resignation.” With millions of Americans ditching their jobs in search of more meaningful roles (or leaving the workplace altogether), teams of all sizes are burdened with more work and fewer team members to bear the brunt of it. Smaller teams often lead to cyclical turnover problems thanks to burnout and overworked employees. As we deal with yet another Covid-19 variant in 2022, the Great Resignation won’t be in our rearview mirror for quite some time. Fortunately, companies can invest in a burgeoning road map for short- and long-term retention success: Generation-Z. Generation-Z — Gen-Z or “Zoomers” as some are now calling them — is the generation made up of … [Read more...] about Could Gen-Z Be Your Company’s Solution To The Great Resignation?
AstraZeneca now looks like it will deliver far less than the original 10 million vaccines announced, but letters newly leaked show the Public Health Ministry was alerted at least a month ago that the actual amount of doses would be far less than that. In a letter dated June 25 to Minister of Public Health Anutin Charnvirakul, AstraZeneca confirmed with him that it would be able to supply Thailand with just 3 million vaccines a month. According to the information from Isranews Agency whom the letter was leaked to, the letter last month referred to the deal agreed to last September stating that AstraZeneca would produce vaccines locally with Siam Bioscience, a company wholly owned by a subsidiary of Crown Property Bureau, and provide one-third of those vaccines produced for use within Thailand, a total of 3 million vaccines per month, while exporting another 6 million doses abroad. Many have pushed for the government to enact a restriction or ban on exporting vaccines while Thailand … [Read more...] about June letter warned only 3 million AstraZeneca vaccines per month