Microsoft sees a future in virtual health applications

March 4, 2019

Published by Harvest ETFs

The evolution of healthcare is seeing the wider use of artificial intelligence to connect phones and computers with doctors and nurses.

These tools are redirecting the efforts of clinicians through the spreading use of online and shared applications for phones and tablets to help provide better treatment. Patients are getting better access to their records. They can connect with doctors and nurses via remote visits and can tie-in medical services to fitness and well being.

Microsoft Corp. is entering this field using its Azure cloud computing platform. While Microsoft is best known for its Office suite of business software, cloud computing is driving its growth. Cloud computing offers businesses a way to store and access information on remote servers, allowing many users in different places to share the information.

Now Microsoft is offering a way for health-care companies to move vast amounts of patient data to its cloud and connect it with other related systems, letting them talk to each other. As an example, consider someone how has just had hip surgery. These tools will allow a family doctor to see the surgical record. The doctor would coordinate and share the records with a physiotherapist. The doctor could make the records and drug treatment options available to a pharmacist. The patient would also have access to the records.

A recent Bloomberg News article noted that healthcare lags other industries in moving data to internet-based storage. While health records have gone digital, they are often stored piecemeal in different databases that can’t share information easily. This sort of potential could revolutionize patient care.

Among the companies in this sector looking into these applications are United Health Group and Anthem Insurance Co., UHC is the largest American healthcare carrier and Anthem is the largest American for-profit managed health care company in the Blue Cross and Blue Shield Association, are looking into virtual health delivery in these areas.

Both United Health and Anthem are components of the  Harvest Healthcare Leaders Income ETF (TSX: HHL, HHL.U).  Microsoft Corp. is a component of the Harvest Tech Achievers Growth & Income ETF (TSX: HTA, HTA.U).

 

The views and/or opinions expressed in the blog are of a general nature and are for informational purposes only. Blog contents should not be considered as advice and/or a recommendation to purchase or sell the mentioned securities or used to engage in personal investment strategies. Investors should consult their investment advisor before making any investment decision.  

 

You may also like…

Disclaimer

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

Certain statements in the Harvest Blog are forward looking Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or  “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS.

FLS are not guarantees of future performance and are by their nature based on numerous assumptions, which include, amongst other things, that (i) the Fund can attract and maintain investors and have sufficient capital under management to effect their investment strategies, (ii) the investment strategies will produce the results intended by the portfolio managers, and (iii) the markets will react and perform in a manner consistent with the investment strategies. Although the FLS contained herein are based upon what the portfolio manager believe to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these FLS.

Unless required by applicable law, Harvest Portfolios Group Inc. does not undertake, and specifically disclaim, any intention or obligation to update or revise any FLS, whether as a result of new information, future events or otherwise.

Subscribe to our newsletter and stay informed

Join Us & Stay Informed!

* indicates required

Your Preferences   (Please select all the ways you would like to hear from)


You are a *


Confirm *