June 5, 2008 – GE Healthcare and the University of Pittsburgh Medical Center (UPMC) said today they are forming a new company to improve the speed, efficiency of diagnosis and interpretation of lab results.
The new joint company, called Omnyx LLC, will bring to market digital solutions to shape a new age of patient care and apply those solutions to a science that has relied on glass slides and microscopes for over 125 years, said GE.
Omnyx’s digital platform will seek to enable clinicians to share images virtually, interpret results using advanced algorithms and reduce costs associated with diagnosis. The benefit to patients could include reducing medical errors, improved turnaround time for lab results and integrating pathology information as part of his or her electronic medical record.
GE and UPMC have appointed Gene Cartwright, a 26-year healthcare veteran and former president of GE Healthcare’s molecular diagnostics, as CEO of Omnyx.
Operating as an independent company, with financial support from both GE and UPMC, Omnyx, will be governed by an executive board. The company will be located at a new headquarters in Pittsburgh, with additional offices in Piscataway, NJ and other GE Healthcare facilities.