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GE Healthcare to Make Two-Billion-Dollar Investment in Software Development over Next Five Years

Chalfont St. Giles, United KingdomJune 11, 2013—With plans to invest two billion dollars in software development over the next five years, GE Healthcare will accelerate the development of innovative software for healthcare systems and applications. It will work closely with the GE Software Center of Excellence in San Ramon, California, as well as at various global research and development hubs, to develop new software solutions.

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

Specifically, the two-billion-dollar 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 Dineen. “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.”

Additionally, the investment is designed to advance current and future offerings in order to address new and pressing operational and productivity challenges faced by healthcare organizations around the world.

GE Healthcare provides a wide range of medical imaging technologies; IT services; patient monitoring and diagnostic solutions; biopharmaceutical manufacturing technologies; and operational and technological service solutions. With the help of its industry partners, GE Healthcare’s 3000+ software engineers and GE’s software Centers of Excellence across the globe, GE will provide flexible and connected software, data and analytics so caregivers have what they need to help prevent, diagnose, treat and cure new health challenges they face every day.

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