Fitbit +6.8% on health collaboration with Google

Fitbit and Google team up on digital health

In this case, its Cloud system is set to host a Fitbit dashboard, whereby caregivers can monitor health, as well as plan and assign fitness plans for patients.

Healthcare providers are also able to run analytics from the clinical data gleaned from various aggregated medical and clinical systems. Fitbit Health Solutions will then use the various healthcare and Internet of Things (IoT) APIs that Google offers to allow doctors, hospitals, and other healthcare providers to feed data into their patient records.

Fitbit and Google are exploring how to use this information to develop new and more informative consumer and enterprise health solutions.

The deal between the two will have Fitbit Inc using Google's Cloud Healthcare API to better merge its business with the healthcare market.

According to James Park, the co-founder and CEO of Fitbit, "this collaboration will accelerate the pace of innovation to define the next generation of healthcare and wearables".

By uniting clinical and patient-generated data, Fitbit is following the trend of patient-driven information exchange led, in part, by Apple.

Ferrexpo Plc (LON:FXPO) Weekly Ratings as of May 3, 2018
The shares were sold at an average price of GBX 3,553 ($49.87), for a total transaction of £42,636 ($59,848.40). This target by Credit Suisse suggests the possibile upside of 29.52 % from the current stock price.

Ultimately, the end goal for Fitbit is for the platform to help train machine learning models to predict and identify earlier diagnoses and potential health problems.

The companies also plan to design ways for caregivers and physicians to manage chronic health conditions like diabetes and hypertension by using services and technology from Fitbit's recently acquired Twine Health.

Google created the Cloud Healthcare API to provide a scalable infrastructure that makes it easier to manage different types of healthcare data from multiple sources. Although Twine has EMR integration, Fitbit's collaboration with Google will give it another way to connect user data with electronic medical records, a Fitbit spokeswoman said in an email.

Fitbit has teamed up with Google with the aim to make good use of the latter's health data standards. One such partner includes Flex's BrightInsight, which aggregates data to deliver real-time intelligence of connected drug, medical device or combination products.

At the time of publishing, we haven't heard back from Fitbit. We'll keep you updated when they release a new feature or product within this collaboration.

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