Microsoft and GE Healthcare’s Caradigm Gets Regulatory Approval | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Microsoft and GE Healthcare’s Caradigm Gets Regulatory Approval

June 6, 2012
by Gabriel Perna
| Reprints

The 50-50 combination company of the Redmond, Wash.-based Microsoft and the Barrington, Ill.-based GE Healthcare, Caradigm, has received regulatory approvals. This officially completes the joint venture, according to the two companies. The venture will aim to enable health systems and professionals to use real-time, organization-wide intelligence to improve healthcare quality and the patient experience.

According to a joint press release from GE Healthcare and Microsoft, Caradigm will develop and market an open healthcare intelligence platform and collaborative clinical applications focused on enabling better population health management to improve outcomes and the economics of health and wellness. Plans for the joint venture were first announced on Dec. 7, 2011, and the final agreement was completed on June 1, 2012.

The venture’s board of directors and leadership team will be composed of executives from both Microsoft and GE Healthcare. It will be led by CEO Michael Simpson, who joins the company from GE Healthcare. Lauren Salata has been named chief financial officer (CFO) and Michael Willingham as quality assurance and regulatory affairs executive. Salata previously served as the CFO and compliance officer of Care Innovations, an Intel and GE company based in Roseville, Calif. Willingham joins Caradigm from Philips Healthcare in Bothell, Wash.

"The combination of people and technology from GE Healthcare and Microsoft will allow us to drive the dramatic change that is needed in healthcare," Simpson said in a statement. "By forming Caradigm, we can offer innovative healthcare solutions, including an open platform and tools that enable software developers around the world to address the complexities of population health today."

Caradigm will be located at City Center Bellevue in Bellevue, Wash.

Topics

News

NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.