UPMC launches supply-chain venture with IBM’s Watson

Modern Healthcare- UPMC is enlisting the help of IBM’s Watson computing system to launch an independent company tasked with managing providers’ supply-related spending.

The Pittsburgh-based academic medical center and renowned supply-chain leader will own the majority of the for-profit company named Pensiamo, which will manage a hospital’s entire supply-chain operation, including sourcing, contracting, purchasing and payment for drugs and supplies. Pensiamo will offer supply-chain strategies based on insights derived from Watson’s cognitive analytic abilities. Armonk, N.Y.-based IBM [will] be a minority owner.

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