The announcement brings together the multistate Midwestern health system and a technology giant with the goal of improving patient outcomes and reducing the cost of care for employers as well.
Advocate Aurora Health and Foxconn Health Technology Business Group finalized a "multi-facted collaboration" based on technology innovations that aim to improve patient outcomes and lower costs for both individuals and employers.
In a joint press release Thursday, the organizations emphasized the importance of enhancing preventive care, constructing a "smart city" connectivity infrastructure, and investing in innovative physician training programs based on precision medicine.
"Our employees' health is our top priority," Leonard Wu, CEO of Foxconn Health Technology Business Group, said in a statement. "We are thrilled to partner with Advocate Aurora Health not only to bring together two organizations committed to health technology innovations but to provide first class health care and medical services to our Foxconn US employees."
The collaboration comes three months after the Advocate-Aurora merger was finalized and one year after Foxconn announced it would build a $10 billion factory in Wisconsin.
Employer-based solutions are centered on Foxconn's AI capabalities and predictive modeling platform, with the aim to forecast healthcare costs and improve value outcomes.
Additionally, the "smart city" concept is based on developing a secure provider network through Foxconn's technology so that Advocate Aurora patients and doctors can access data relating to health, fitness, and dietary decisions. The goal is to connect healthcare support entities through an intelligent network outside of the physical hospital building.
"Foxconn supports our relentless pursuit of safety and quality, and we look forward to exploring breakthrough connections to extend these offerings to consumers across environments," Jim Skogsbergh, CEO of Advocate Aurora Health, said in a statement. "Our newly announced plans of expansion in Racine County, the same community where Foxconn recently broke ground, provides the perfect location to pilot these value-added opportunities for consumers."
The announcement elicited positive reaction from both the legislative and business circles in the Badger State.
Robin Vos, Speaker of the Wisconsin State Assembly, tweeted his approval, "More good #Foxconn news. #FoxconnBonus."
The Wisconsin Economic Development Corporation tweeted, "And yet another example of the ripple effect of Foxconn's decision to establish operations in Wisconsin."
Jack O'Brien is the finance editor at HealthLeaders.