Microsoft gains foothold in healthcare

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Microsoft (NASDAQ:MSFT) has in the past month announced deals or extensions with Allscripts to house its electronic health records, Johns Hopkins to make medicine more personalized, and Walgreens Boots Alliance (NYSE:WBA) to bolster its digital health offerings, Business Insider reported, stating it appears as though the company is staking a larger foothold in US healthcare.

Image of corporate building with Microsoft (<a href=MSFT) logo above the entrance." width="300" height="169">

Source: NYCStock /

A recent survey of 130 chief information officers found that over half said Microsoft’s cloud unit Azure would be the most critical for their tech needs going forward.

Other CIOs, who were from a range of industries and not just healthcare, named various cloud offerings from Alphabet’s (NASDAQ:GOOGL) Google or Amazon (NASDAQ:AMZN). John Bosco, chief information officer at Northwell Health, said that while Amazon and Google’s networks have similar capabilities to Microsoft, they’re less robust.

Despite this, Amazon is still the biggest cloud provider on the market, boasting healthcare work with Cerner (NASDAQ:CERN), Bristol Myers Squibb (NYSE:BMY) and the Cleveland Clinic.

The post Microsoft gains foothold in healthcare appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.