What do you get when two behemoth technology companies with interests in healthcare join forces? Apparently a 750-person healthcare IT company based in Seattle, WA that, according to the press release, aims to drive “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 partnership between Microsoft and GE is called Caradigm and has the healthcare IT industry buzzing. Both companies will be contributing intellectual property to the 50-50 venture, including:
• 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
Sometime in the first half of 2012, the company plans to “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.” Though not many details have been released at this point, Caradigm plans on demonstrating its capabilities at next week’s HIMSS showcase in Las Vegas.
Medgadget has covered many of Microsoft‘s and GE‘s developments in healthcare technology and looks forward to keeping you informed on the development of this new and high-profile collaboration.
Full press release: GE, Microsoft Share Plans for New Joint Venture, Caradigm
Seeking Alpha‘s financial take: Caradigm And The Future Of Healthcare IT
The Seattle Times’ investigation into the name: Caradigm? A $50 name for Microsoft, GE venture