By Janet Fang
Posting in Healthcare
The companies completed their joint venture agreement, receiving regulatory approval to form a new company that combines Microsoft's data platforms with GE's clinical applications.
The two companies have just received regulatory approval to form a new health IT company that combines Microsoft’s strengths in developing large-scale data platforms with GE Healthcare’s expertise in building healthcare applications.
Caradigm (part care, part paradigm) wants to help “health systems and professionals to use real-time, organization-wide intelligence to improve healthcare quality and the patient experience,” they announced in a news release on Wednesday.
The joint venture will develop and market an “open healthcare intelligence platform” and “collaborative clinical applications” focused on managing population health.
Caradigm is where Microsoft moved almost all of the hundreds people and handful of products that formerly were part of its Health Services Group.
The parent companies will contribute intellectual property including:
- Microsoft Amalga, for hospital data aggregation
- Microsoft Sentillion, for healthcare identity-management
- Microsoft Vergence, for context management
- Microsoft expreSSO, single sign-on solution
- GE Healthcare eHealth, a health information exchange
- GE Healthcare Qualibria, a clinical knowledge application
- (HealthVault remains part of Microsoft)
Plans for the joint venture were first announced in December 2011. The company will be based in Bellevue, Washington.
Jun 7, 2012
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