Tech to­geth­er­ness

Slew of IT deals, in­clud­ing GE-In­tel, an­nounced

Modern Healthcare - - The Week In Healthcare - Joseph Conn

Tak­ing dead aim at the baby boomers’ fu­ture health­care needs, two technology giants, GE Health­care and In­tel Corp., an­nounced they were form­ing a joint ven­ture to tap what’s ex­pected to be a multi­bil­lion­dol­lar mar­ket for sys­tems to sup­port in­de­pen­dent liv­ing and chronic dis­ease man­age­ment pro­grams.

Mean­while, four other health­care in­dus­try firms formed new al­liances last week with an in­creased fo­cus on us­ing in­for­ma­tion technology to im­prove qual­ity anal­y­sis and re­port­ing and to con­trol costs. Pa­tientsat­is­fac­tion rat­ings firm Press Ganey As­so­ci­ates, South Bend, Ind., acquired one of the nation’s fore­run­ner sys­tems for clin­i­cal per­for­mance mea­sures, the Mary­land Hos­pi­tal As­so­ci­a­tion’s Qual­ity In­di­ca­tor Project, or QIP, for undis­closed terms. And In­genix, Eden Prairie, Minn., a di­vi­sion of Unit­edHealth Group, re­vealed plans to ac­quire Ex­ec­u­tive Health Re­sources, New­town Square, Pa., a com­pany that pro­vides soft­ware and ser­vices that help hos­pi­tals with physi­cian med­i­cal man­age­ment and ne­ces­sity com­pli­ance.

News of the GE/In­tel joint ven­ture comes af­ter an April 2009 an­nounce­ment that the two com­pa­nies had formed an al­liance fo­cused on dis­ease man­age­ment and el­der­care ser­vices and prod­ucts. The new joint ven­ture also will have a sec­tor de­voted to as­sis­tive tech­nolo­gies for peo­ple who are learn­ing-dis­abled or vis­ually im­paired, ac­cord­ing to Louis Burns, vice pres­i­dent and gen­eral man­ager of In­tel’s Dig­i­tal Health Group. Burns will be CEO of the new and asyet un­named Sacra­mento, Calif.-based com­pany when it be­comes op­er­a­tional later this year, ac­cord­ing to a news re­lease.

“What we found is that our be­liefs and prod­ucts re­ally com­ple­mented each other, and this seemed like a great next step,” Burns said in an in­ter­view.

Fi­nan­cial terms of the agree­ment were not dis­closed, but the com­pany will be owned equally by GE and In­tel.

“The end goal is suc­cess in this mar­ket­place, and we’re both com­mit­ted to do­ing what­ever we have to do,” Omar Ishrak, pres­i­dent and CEO of GE Health­care, said in an in­ter­view. Ishrak will be chair­man of the new com­pany’s board.

There is lit­tle doubt that GE and In­tel are tar­get­ing a growth mar­ket. “You have the ag­ing of the pop­u­la­tion—the baby boomers, of course—are go­ing to be need­ing more

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