General
Electric, through its healthcare IT business, and Microsoft detailed
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. 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.
Microsoft and GE Healthcare are also announcing several Caradigm leaders
who will serve under CEO-designate Michael Simpson once the new company
is formed. Named leaders are the following:
Chief Medical Officer and Senior Vice President, Product Strategy: Dr.
Brandon Savage, currently chief medical officer, GE Healthcare IT
Chief Technology Officer and Senior Vice President, Engineering: Neal
Singh, currently general manager of Microsoft Dynamics AX Global
Financial Management
Chief Operating Officer: Nigel Mason, currently director, GE Healthcare
Commercial Centre of Excellence
Chief People Officer: Tami Lamp, currently senior HR director, Microsoft
General Counsel and Vice President: Warren Ratliff, currently chief
counsel, GE Healthcare IT Knowledge & Connectivity Solutions
Caradigm’s board of directors will include executives from GE Healthcare
and Microsoft:
John Dineen, president and CEO, GE Healthcare
Jan de Witte, president and CEO, GE Healthcare IT and Performance
Solutions
Kirill Tatarinov, president, Microsoft Business Solutions Division
Amy Hood, corporate vice president and CFO, Microsoft Business Division
“We have an exciting opportunity to transform healthcare globally with
an established open platform and a new generation of applications
focused on population health,” Simpson said. “Around the world, delivery
system reforms and payment model changes are requiring healthcare
providers to integrate data across silos of care delivery to enable
better care coordination and performance improvement. We’re founding
Caradigm to meet the changing needs of health and healthcare across the
globe.”
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) and the Mayo Clinic
GE Healthcare and Microsoft intend to demonstrate future product
capabilities that will be available from Caradigm at this month’s
HIMSS12 conference in Las Vegas. Demonstrations are being scheduled in
both the GE Healthcare (No. 2635) and Microsoft (No. 1629) booths. In
addition, Caradigm’s future leadership team will host media and analysts
on Tuesday, Feb. 21, from 6–7:30 p.m. in Room 101, Sands Expo Convention
Center.
General
Electric, through its healthcare IT business, and Microsoft detailed
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.