http://www.forexdice.com/collaboration-of-wellpoint-and-ibm/654427/
Collaboration of WellPoint and IBM
WellPoint Inc. is U.S. based medical membership company in healthcare sector. It is in the business of providing various health care plans & policies and insurance benefits. The three segments of WellPoint are consumer, commercial and others. WellPoint came into existence upon the merger of WellPoint Health Networks Inc and Anthem Inc in 2004. Headquarter of WellPoint is in Indianapolis, Indiana. It is an independent license holder of the Blue Cross and Blue Shield association in different states of USA.
In order to discover best treatment options, WellPoint Inc. (NYSE; WLP) and International Business Machines (NYSE; IBM) have joined hands to use IBM’s Watson technology. It is very good news for Americans that this agreement will allow them to avail proof-based answers to the patient’s diseases and up to date top class quality in healthcare sector. This will help doctors and physicians a lot. The collaboration will be executed from next year and will be used by nurses first who would be able to review the treatment, by handling patient cases. Through this technology it will enable the hospital doctors and nurses to go through all the information and to select best possible action plan within seconds. WellPoint will collect data from more than one source so as to provide best treatment. This process will also be very helpful in the selection of best suitable and effective medicines.
Watson technology is named after IBM founder Thomas J. Watson, which is a computer based system developed by IBM scientists. Through this Watson’s process it will be very convenient to study human language and fast processing and to provide best possible treatment. This method will also maintain 100 per cent privacy. Surgeons and other doctors would be able to explain and discuss the disease and its prospective cure with the patients in detail.
WellPoint will use best computers and technology to diagnose the disease and its cure. So the patients will be under computerized supervision. Through this technology it would be very easy to record, retrieve and check and process the information by using electronic and digital methodology.
All this will ensure providing best and improved patient based care. According to IBM; Watson technology can process around 200 million pages of patient’s papers with in a period of three seconds. Watson technology can cut waiting times up to a great extent.
WellPoint is planning to start and use Watson technology in early 2012, working with best doctors and physicians.
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