Please ensure Javascript is enabled for purposes of website accessibility

Healthcare, Tech Giants Join Forces to Fight COVID-19

By Will Healy - Mar 25, 2020 at 11:38AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The private industry coalition will address healthcare resources, testing, and other challenges.

Healthcare and tech have partnered to tackle COVID-19. The effort, called the COVID-19 Healthcare Coalition, will operate with the singular goal of achieving a "shut down" of coronavirus. Led by Mayo Clinic, this private-industry partnership will combine the talents of healthcare organizations, technology companies, non-profits, start-ups, and academia to organize a coordinated response to coronavirus.

"Pandemics stress our healthcare systems," John Halamka, M.D. of the Mayo Clinic stated in his blog. Dr. Halamka identified the various mitigation techniques employed today, but he also indicated a need for improvement. "More targeted measures are needed, and that requires coordination," he said.

In the tech industry, Amazon's AWS has agreed to participate. This expands the efforts of Amazon CEO Jeff Bezos, who has already devoted a significant amount of time to address coronavirus. Microsoft and Salesforce have also joined this coalition.

In addition, numerous healthcare entities, including HCA Healthcare, Labcorp, and the University of California Healthcare System, have all joined the coalition. MITRE, a group that specializes in research and development, will handle the program management duties.

Young, female nurse wearing a mask as she uses a computer screen in an operating room.

Image Source: Getty Images

Specifically, the coalition plans to use both data to aid the decision-making process and study efforts to slow the spread of coronavirus. They also intend to work to get diagnostic testing to those who need it and to better focus staff, space, and supply chain resources within the healthcare system.

"With top experts and industry leaders sharing plans and resources – and working collaboratively – we can deploy resources more effectively and offer better situational awareness to those at the front lines," the coalition states on its website.

The COVID-19 Healthcare Coalition also encourages other groups to join its efforts. Every company and organization involved will participate on a volunteer basis.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Microsoft Corporation Stock Quote
Microsoft Corporation
$267.70 (3.42%) $8.84, Inc. Stock Quote, Inc.
$116.46 (3.58%) $4.02
Salesforce, Inc. Stock Quote
Salesforce, Inc.
$185.92 (7.44%) $12.87
HCA Healthcare, Inc. Stock Quote
HCA Healthcare, Inc.
$182.33 (2.76%) $4.89
Laboratory Corporation of America Holdings Stock Quote
Laboratory Corporation of America Holdings
$242.56 (1.23%) $2.94

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.