General Electric Co. (GE) and Microsoft today announced several developments for their planned 50-50 joint venture, including the intention to demonstrate future product capabilities at HIMSS12, the year's largest healthcare IT trade show, later this month.
The new company, to be named Caradigm, is expected to launch in the first half of 2012, pending regulatory approvals and customary closing conditions.
"Caradigm will be aimed at driving a paradigm shift in the delivery of care by enabling health systems and professionals to use real-time, systemwide intelligence to improve healthcare quality and the patient experience," the companies said in a statement. Upon formation, the new company will develop and market an open, interoperable technology platform and collaborative clinical applications focused on enabling better population health management to improve outcomes and the economics of health and wellness.
The two parent companies bring expertise to this new venture and will contribute intellectual property, including the following:
- Microsoft Amalga, an enterprise health intelligence platform
- Microsoft Vergence, a single sign-on and context management solution
- Microsoft expreSSO, an enterprise single sign-on solution
- GE Healthcare eHealth, a Health Information Exchange
- GE Healthcare Qualibria, a clinical knowledge application environment being developed in cooperation with Intermountain Healthcare (Salt Lake City) and the Mayo Clinic
GE Healthcare and Microsoft will demonstrate future product capabilities that will be available from Caradigm at this month?s HIMSS12 conference in Las Vegas.