GE Healthcare to invest US$2bn in software for industrial internet

18 June 2013

GE Healthcare has announced plans to invest $2 billion over the next five years to accelerate the development of software for healthcare systems and applications.

The company will work closely with the GE Software Center of Excellence in San Ramon, California, as well as at various research and development hubs around the world to develop new software solutions. 

The Industrial Internet is changing the way healthcare professionals work and GE Healthcare has already made big strides in developing software-based technologies and solutions that provide increased data, analytics, connectivity and insight into operational and departmental processes and workflows. Together with industry partners, GE Healthcare’s 3000+ software engineers and GE’s software Centers of Excellence across the globe, the aim is to provide flexible and connected software, data and analytics so caregivers have what they need to help prevent, diagnose, treat and cure new health challenges.

This $2 billion investment will be focused on maximizing asset performance; improving hospital operations management; improving clinical effectiveness; and optimizing care across entire populations. Key focus areas include:

  •  Caring for more patients as a result of scheduling efficiencies, faster data entry, proactive asset management, clinical decision support and financial gains that allow for expansion.
  •  Reducing costs by optimizing workflow in care delivery, minimizing payment cycles, maximizing reimbursement rates and eliminating unnecessary waste.
  •  Minimizing rework and redundancies by enhancing collaboration and making patient information universally accessible.

“GE is investing in software and analytics to better help our customers manage the operational complexity of the healthcare system,” said John Dineen, President & CEO, GE Healthcare. “These new software solutions will look to connect caregivers in a meaningful way to the systems upon which they rely, enabling them to deliver better informed diagnoses and improved care.”

“Healthcare has always relied on ’big data,’ and the need to understand data is even greater now. What is important is how we use data,” he added, “providing the right technology that allows physicians to pinpoint the right diagnosis; match it to the right treatment; and make more informed decisions.”  


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