Durham mobile health data startup Validic is about to receive a global boost from software giant SAP.
Validic’s health care platform will be made part of SAP’s Connected Health platform.
A top SAP exec says its ultimate goal is to “improve patient outcomes” and describes Validic as “an ideal partner” due to its “global impact and leadership across a number of healthcare and life science verticals.”
The partnership agreement was announced Wednesday at SAP’s Personalized Medicine Forum conference in Germany. It’s the third major deal or endorsement announced by Validic this year, having struck a deal for mobile health information with Durham-based Quintiles and being accepted as a member of the Obama Administration’s Precision Health program.
Financial terms of the SAP agreement were not disclosed.
Validic sees the deal as an opportunity to “accelerate the adoption of digital health and utilization of patient-generated health data globally,” a spokesman says.
Validic aims to provide an individual’s health information across mobile devices.
“Real time” data analysis
By working with SAP’s Connected Health, customers can “enable the analysis and processing of patient data in real time,” the spokesperson adds.
“SAP’s Connected Health platform already integrates clinical data from the patient’s electronic health record and biometric data from genome sequencing; Validic now provides the critical access to patient health data generated outside the four walls of the clinical setting.”
By working together, SAP and Validic aim to link patients information through wearables as well as smartphones and in-home medical devices rather than have them rely on data collected at clinics or doctor’s offices.
In the announcement Validic said working with SAP will help “healthcare and life science organizations can accelerate the development and delivery of patient-centered solutions to improve health outcomes, reduce costs and provide a personalized approach to medicine.”
SAP says its ultimate goal is to “improve patient outcomes” and described Validic as “an ideal partner” due to its “global impact and leadership across a number of healthcare and life science verticals.”
“Validic’s industry expertise on the delivery and utilization of patient-generated health data complements SAP’s vision to deliver the SAP Connected Health platform built and designed for patients and healthcare professionals to ultimately improve health outcomes,” said Dr. Werner Eberhardt, chief product officer of SAP Connected Health. “SAP is building an ecosystem of partners on the SAP Connected Health platform to enable an effective use of health related data. Validic’s global impact and leadership across a number of healthcare and life science verticals make them an ideal partner to add to this growing ecosystem.”
Linking IoT data
SAP launched its Connected Health initiative in May, aiming at data gathered through the growing Internet of Things from electronic medical records to genome information.
“Together, SAP and Validic will build health solutions that empower patients, caregivers and researchers to realize the potential of personalized medicine,” said Drew Schiller, co-founder and CEO of Validic.
“Increasingly, care will be managed, measured and influenced outside the four walls of the hospital or clinical setting. Leveraging and integrating patient-generated health data is becoming a market necessity for healthcare, wellness and life science organizations aiming to improve the health of their populations. The strategic relationship with SAP will help fuel the use of actionable data from clinical remote monitoring devices, wearables and health applications – key to providing an innovative, patient-centered connected health approach.”