Microsoft and GE Healthcare announced a new initiative aimed at improving healthcare quality and the patient experience. "The two companies are creating a joint venture that will combine Microsoft's deep expertise in building platforms and ecosystems with GE Healthcare's experience in clinical and administrative workflow solutions," said Microsoft.
The new venture, which is pending regulatory approval and has yet to be named, will develop and market an open, interoperable technology platform and next-generation clinical applications that will help enable better population health management.
The new company will be headquartered near the Microsoft campus in Redmond, WA.
Upon formation, the new company will develop and market an open, interoperable technology platform and innovative clinical applications focused on enabling better population health management to improve outcomes and the overall economics of health and wellness.
The new company will deliver a distinctive, open platform that will give healthcare providers and independent software vendors the ability to develop a new generation of clinical applications. The venture will develop healthcare applications on the platform using in-house developers and the platform will connect with a wide range of healthcare IT products. GE Healthcare IT will immediately be able to connect existing products to the platform, helping current customers to derive new insights.
The two parent companies bring complementary 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, Utah) and Mayo Clinic
In addition to the new joint venture, "GE Healthcare and Microsoft will each maintain a strong presence in the healthcare IT industry, and will continue to sell their own products and services to healthcare organizations around the globe. Healthcare is one of our fastest-growing business segments - Microsoft has over 160,000 healthcare customers worldwide, and over 20,000 partners selling a broad portfolio of solutions on Microsoft technologies. We are more committed than ever to our healthcare customers and partners, and view this new joint venture as a great addition to our ongoing efforts," revealed Microsoft.