Snowflake Launches Healthcare & Life Sciences Data Cloud for Better Patient Care and Business Results

Rhea-AI Summary

Snowflake has launched the Healthcare & Life Sciences Data Cloud, aimed at enhancing patient outcomes and operational efficiency for healthcare organizations. The platform enables secure integration and exchange of critical data, addressing challenges posed by legacy systems and regulatory compliance. Prominent clients like Anthem and Novartis are already leveraging this innovative solution. Snowflake's offerings promise faster data access and improved collaboration across the healthcare ecosystem, positioning it as a vital tool amid increasing healthcare data demands.

Positive

• Launch of the Healthcare & Life Sciences Data Cloud, enhancing patient outcomes and operational efficiency.
• Integration capabilities eliminate data silos, enabling secure data sharing.
• Major clients like Anthem and Novartis are adopting the new data platform.

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• None.

• New solution to help providers deliver improved patient outcomes, optimize care delivery, enhance clinical and operational decision making, accelerate clinical research and time-to-market, and more
• Industry-leading customers like Anthem, Health Catalyst, IQVIA, Komodo Health, Novartis, Spectrum Health, and others, are using the Healthcare & Life Sciences Data Cloud

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)-- Snowflake (NYSE: SNOW), the Data Cloud company, today announced the launch of the Healthcare & Life Sciences Data Cloud. With the Snowflake Healthcare & Life Sciences Data Cloud, healthcare companies have a single, integrated, and cross-cloud data platform that eliminates technical and institutional data silos. This will enable organizations to securely centralize, integrate, and exchange critical and sensitive data at scale. Snowflake ensures high levels of data security and governance, and its built-in capabilities and extended partner network better allow companies to meet compliance requirements and satisfy industry regulations.

Snowflake Launches Healthcare & Life Sciences Data Cloud for Better Patient Care and Business Results (Graphic: Business Wire)

Healthcare and life sciences organizations are under immense pressure to navigate a dynamic and highly regulated landscape. Widespread reliance on legacy technology, stringent compliance requirements, and a lack of common data sharing models have complicated the industries’ ability to capitalize on available data and insights. Expanding health data volumes, increasing usage of artificial intelligence (AI) and analytics in medical innovation, and the digitalization of the healthcare value chain are impacting the healthcare industry. Organizations have an accelerated need for an agile, interoperable, and secure data solution, which Snowflake is delivering.

By leveraging the Healthcare & Life Sciences Data Cloud, customers including Anthem, IQVIA, Komodo Health, Novartis, Siemens Healthineers, Spectrum Health, and others, are unlocking data to deliver improved patient outcomes and care experiences, optimizing care delivery, and enhancing clinical and operational decision-making. Additionally, life sciences organizations like Novartis are leveraging the Healthcare & Life Sciences Data Cloud to optimize omnichannel engagement and accelerate time-to-market while collaborating more closely than ever with their healthcare partners.

“At Spectrum Health and Priority Health we strive to improve health, inspire hope, and save lives by delivering personalized health made simple,” said Chris Crook, CIO at Priority Health, SVP Information Services at Spectrum Health. “A key component of our integrated care approach is being able to know the whole person, and, when appropriate, being able to share data to address holistic patient needs. With Snowflake’s Healthcare & Life Sciences Data Cloud, we can easily and securely share and curate data from a single source of truth to realize the integrated care mission, offering the best possible outcomes and patient experience.”

“At Novartis, we are focused on reimagining medicine to extend people’s lives,” said Loïc Giraud, Novartis’ Global Head of Digital Platform & Product Delivery. “To do this, we must put data and data science at the heart of everything we do. Snowflake’s Healthcare & Life Sciences Data Cloud is helping us turn our data into incredible sources of insight by accelerating our ability to ingest, curate and share data in a timely manner that wouldn’t be possible with other solutions. Snowflake is helping us get our patients faster access to the medicine they need.”

Learn more about the capabilities Snowflake’s Healthcare & Life Sciences Data Cloud offers for customers here.

Within the Healthcare & Life Sciences Data Cloud, Snowflake also offers partner solutions and enables partner-delivered solutions. These end-to-end technology and industry solutions take advantage of Snowflake’s unique interoperability and secure data sharing capabilities to connect the healthcare and life sciences ecosystem.

• Applications and solutions Powered by Snowflake, like those from Health Catalyst, Strata, and IQVIA, leverage the powerful platform capabilities of Snowflake to unlock access to data at scale for critical processes both within their organization and in collaboration with industry partners.
• Snowflake Data Marketplace partners, like Compile, Equifax, Invitae, IQVIA, PRECISIONxtract, and SameSky Health, enable timely access to 3rd party data sources via data sharing, enabling healthcare and life sciences organizations to securely exchange critical datasets in a timely manner, eliminating the need for traditional data sharing methods requiring data copying and movement.
• Technology partners, like Alation, Amazon Web Services (AWS), Dataiku, H20.ai and ThoughtSpot, provide seamless integrations and out-of-the-box solutions so customers can attain deeper insights and realize the full power and ease of use of the Healthcare and Life Sciences Data Cloud.
• Consulting and Services partners, such as Cognizant, Deloitte, Infosys, NTT DATA, phData, and SDG, build solutions on Snowflake to help their clients maximize the business value of being data-driven. Healthcare and Life Sciences partner solutions target top priority, industry-relevant use cases like patient personalization and outcome-based care.

Learn more about the partner-tailored solutions for Healthcare and Life Sciences businesses here.

“The Snowflake Healthcare & Life Sciences Data Cloud can unlock the next generation of innovation in the industry by enabling organizations to take advantage of borderless data access while ensuring strict data governance, security, and privacy compliance,” said Todd Crosslin, Healthcare and Life Sciences Industry Principal at Snowflake. “The entire industry can benefit from this live, connected ecosystem to get access to the data they need when it's needed. Snowflake is helping healthcare organizations toward their goals of achieving better outcomes for patients, customers, partners, and their businesses.”

Learn More:

• Read about the benefits of Snowflake’s Data Cloud for Healthcare and Life Sciences organizations.
• Register for an upcoming Snowflake for Healthcare and Life Sciences webinar and learn from Ashok Chennuru, Chief Data & Insights Officer at Anthem, Raj Harapanahalli, VP of IT Innovation and Insights at Medtronic, and John Pastor, Director of Business Technology at Pfizer.
• Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter.

About Snowflake
Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 241 of the 2021 Fortune 500 and 488 of the 2021 Forbes Global 2000 (G2K) as of January 31, 2022, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220317005364/en/

Media Contact

Danica Stanczak

Sr. PR Manager, Snowflake

press@snowflake.com

Source: Snowflake Inc.

FAQ

What is the Healthcare & Life Sciences Data Cloud launched by Snowflake?

It is a platform designed to improve patient outcomes, optimize care delivery, and enhance clinical decision-making in healthcare organizations.

Which companies are using Snowflake's Healthcare Cloud?

Notable users include Anthem, Novartis, IQVIA, and Spectrum Health, among others.

How does Snowflake's new cloud solution benefit healthcare providers?

It allows for the secure centralization and integration of data, improving collaboration and operational efficiency.

What challenges does the Healthcare & Life Sciences Data Cloud address?

It addresses issues related to legacy technology, compliance, and data sharing models that hinder data utilization in healthcare.