SAP and Accenture, which is currently losing money on an $11.7 billion project to revamp technology for Britain's National Health System, said they want to take advantage of fast growth in.
Their so-dubbed collaborative health-care solution, based on SAP's flagship, is expected to be released in mid-2007.
The two companies cited a study by market research group Gartner saying that spending on health care software was projected to rise by 4.6 percent this year, more than any other IT sector.
Health authorities all over the world are seeking to modernize their patient records to reduce medical errors and costs by keeping prescriptions, allergies and other information in order as well as reducing duplicated tests and staff.
SAP and Accenture said their new product would be designed to improve patient care and reduce costs by providing an infrastructure to link information and data and maintain records that would be quickly accessible by multiple parties.