GE To Spend $6 Billion On Innovative Healthcare Technology

by VR Sreeraman on  May 8, 2009 at 12:42 PM General Health News   - G J E 4
General Electric announced Thursday that it will spend six billion dollars between now and 2015 on innovative healthcare technology -- from portable ultrasound machines to low-cost X-ray equipment.
 GE To Spend $6 Billion On Innovative Healthcare Technology
GE To Spend $6 Billion On Innovative Healthcare Technology

"Healthcare is an important industry that is challenged by rising costs, inequality of access and persistent quality issues," GE Chairman and CEO Jeff Immelt said at a Washington press conference as he unveiled the company's "Healthyimagination" initiative.

"Healthcare needs new solutions. We must innovate with smarter processes and technologies that help doctors and hospitals deliver better healthcare to more people at a lower cost," he said.

The program aims to reduce health care cost and improve access and quality, said Immelt, who said three billion dollars is to be invested on innovations that will lower health care costs by at least 15 percent.

"It's a growth program for the company by broadening our technologies," the CEO said.

The head of GE's Healthcare Division, Reinaldo Garcia, added that the initiative "will have a big impact in Eastern Europe, Africa and the Middle East" where low cost, portable technology is much in demand.

Source: AFP

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It's good to see that we are making advancements with healthcare technology. Hopefully these same advancements will take place with HMRs. Although using information technology raises concerns about security, there have been safegaurds put in place to deal with this issue. The hitech act ensures the privacy and security of those involved in the process, a major concern of those who were on the fence about Eprescribing. DrFirst is an excellent example of a company using technology to streamline medicine.
LarryRossdale Tuesday, September 21, 2010

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