General Electric (NYSE:GE) and Microsoft (NASDAQ:MSFT) have teamed up to form a health care company. The venture’s main focus is patient outcomes and real time data. They intend to have an open platform and clinical applications. Microsoft has many technologies from when they purchased Sentillion two years ago.
GE has formed ventures with both sides of Wintel. GE and Intel have a partnership focused on telehealth now. Both the Intel and Microsoft ventures have 50-50 split ownership. The venture is due to launch in the first half of 2012 with Michael Simpson, General Manager at GE Healthcare IT, as CEO and will be based near Microsoft’s campus in Redmond, WA.
Another focus for the companies is the cost of healthcare. GE is collaborating with leading technology companies. IBM (NYSE:IBM) is putting mini-Watsons into hospitals for diagnosis and analytics support. With healthcare costs on the rise, much money will be spent on technology to make systems more efficient.
The Microsoft/GE venture combines Microsoft’s ecosystem with GE’s clinical workflow tools.
A statement from GE CEO Jeff Immelt said that his company and Microsoft are “complementary” and that the joint venture will “further advance the two companies’ shared vision of a connected, patient-centric healthcare system.”
Microsoft’s applications will connect to GE’s hardware and be used by GE Healthcare IT.
Key points of the venture include: Microsoft will offer Amalga, a health intelligence platform; Vergence, a context management system; and ExpreSSO, a single sign-on technology. GE offers eHealth, an information exchange, and Qualibria, a clinical knowledge management application. The overall focus is to provide a “healthcare performance management suite.” Both GE and Microsoft will sell their own wares in the healthcare market.