Global healthcare solutions provider Medtronic has joined a growing list of healthcare technology companies that have signed The Patient Safety Movement’s (PSMF) public pledge to share their data to promote patient safety.
By signing the Open Data Pledge, Medtronic pledges to allow access to all available acute clinical data generated by their products used in hospitals and in outpatient practice settings to interested parties that want to use them to help minimize preventable patient complications and death.
When companies share the data of their products, it provides researchers and entrepreneurs with critical information to develop and accelerate solutions to improve patient care. This information includes predictive algorithms that can notify clinicians and patients of possible dangerous trends – allowing for intervention earlier.
“We’re committed to improving the lives of people through our medical technologies and services. Joining the Patient Safety Movement is a natural fit,” said Omar Ishrak, Chairman and Chief Executive Officer of Medtronic plc. “Our pledge is to work closely with the Patient Safety Movement Foundation and share our data to help eliminate preventable deaths.”
It is estimated that more than 200,000 people die every year in US hospitals in ways that could have been prevented.
Established through the support of the Masimo Foundation for Ethics, Innovation, and Competition in Healthcare, the PSMF seeks to reduce that number of preventable deaths to 0 by 2020.
Medtronic also committed $5 million to the PSMF over a five-year period, and Ishrak will join PSMF’s Board of Directors.
Joe Kiani, the founder of the PSMF, said Medtronic’s pledge and the grant will greatly help the movement achieve its goal.
“We are now a giant step closer to creating the Patient Data Superhighway that will significantly improve patient safety. Data sharing is an inevitable part of the science and business of medical innovation,” he said.