Tech companies are disrupting the healthcare sector using artificial intelligence and big data to craft digital health solutions, reports CNBC. Pharmaceutical companies must explore this changing industry, in part by expanding their services beyond pill manufacturing, Dr. Peterburg said.
Dr. Peterburg also suggested pharmaceutical companies consider collaborating with startups and small companies to enhance their solutions.
“Part of my competitors are not only the Novartis of the world, and the other pharmas, but really the Amazons and Googles,” he told CNBC. “Like any company, we need to think about where we invest and how we invest, and what is the right time to jump into the water.”
More articles on health IT:
6 digital health startups raising significant funds in June
Wolters Kluwer, Hiteks integrate solutions to improve sepsis management
HHS dedicates $195M in IT, training grants to address the opioid crisis
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.