Modern Healthcare Staff
The two plan to establish the Discovery Accelerator, a joint center to advance the pace of discovery in through the use of high-performance computing on the hybrid cloud, artificial intelligence and quantum computing technologies. Through the collaboration, IBM plans to install its first private-sector on-premises IBM Quantum System One in the U.S. at the Clinic.
The $10.6 billion in revenue the Clinic reported for 2020 was actually slightly higher than in 2019, but fell short of the $11.1 billion in top-line revenue the system had budgeted before COVID-19 upended healthcare and the economy.
The center brings together nationally and internationally recognized researchers to focus on more than curing one of the most feared diseases. It also will work to end racial, ethnic, social and economic inequities that affect cancer diagnosis and treatment.
Of that, $10 million is earmarked for the new building, and $5.5 million will support an epilepsy study exploring the link between stress and seizures. In honor of the donation, the Clinic will name its epilepsy center The Charles Shor Epilepsy Center.
Following the deal, the company will be 90% owned by its physicians. The preferred equity from Apollo helped make the recapitalization of US Acute Care possible. As part of the transaction, two Apollo representatives will join the US Acute Care board of directors.
Vaccine education targeted at minority communities is planned with a series of virtual town halls beginning in mid-February, and vaccines are set to go to 60 health centers serving highly vulnerable neighborhoods this week, said Gov. Mike DeWine.
Cleveland's University Hospitals and Case Western Reserve University, which signed their first formal agreement 125 years ago, announced they are extending their affiliation, a move that expands opportunities for the two organizations to work together and with others across the region.
The clinic and Doctors Hospital Health System, a 94-bed system in the Bahamas, launched the council in a two-year strategic advisory agreement that will provide Doctors Hospital access to clinic experts for strategic planning, clinical education and leadership development.