GE and Microsoft today announced a plan to create a joint venture targeting the healthcare segment by providing organisations and professionals use real-time, system-wide intelligence to improve healthcare quality and the patient experience.
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, which will combine Microsoft’s deep expertise in building platforms and ecosystems with GE Healthcare’s experience in clinical and administrative workflow solutions, empowering healthcare professionals and organizations with the intelligence and capabilities to respond to the rapidly evolving and complex healthcare landscape.
Michael J. Simpson, vice president and general manager at GE Healthcare IT, will serve as the company’s CEO. And, the new unnamed company will be headquartered near the Microsoft campus in Redmond, Wash., with significant presence in Salt Lake City, Utah and additional cities around the world.
“The complementary nature of GE Healthcare’s and Microsoft’s individual expertise will drive new insights, solutions and efficiencies to further advance the two companies’ shared vision of a connected, patient-centric healthcare system.” said Jeffrey R. Immelt, Chairman and CEO of GE.
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, including those from GE Healthcare IT and other vendors.
“High quality affordable healthcare is one of the biggest challenges facing every nation, but it’s also an area where technology can make a huge difference. Combining Microsoft’s open, interoperable health platforms and software expertise with GE’s experience and healthcare solutions will create exciting opportunities for patients and healthcare providers alike. Working together, GE and Microsoft can help make healthcare systems more intelligent and cost efficient while improving patient care.” said Steve Ballmer, CEO of Microsoft.
