As news broke of the first GE Healthcare business unit to be sold, some may have been underwhelmed both by the scale and symbolism of this deal. However, this first announcement does provide some useful indicators for what to expect from the future of GE Healthcare with John Flannery at the helm.“I Think I See the Light”Firstly, and most positively, the fact that GE has made a move to trim its healthcare portfolio should be applauded. We wrote about this in our review of GE and its major peers
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GE Healthcare | Medical Technology | Life Sciences | Radiology | Healthcare Technology
GE Healthcare Unloads Value-Based Care Division for $1.5B in Cash
Veritas Capital (“Veritas”), a leading private equity investment firm has acquired GE Healthcare's Value-Based Care division for $1.05 billion in cash. GE Healthcare's Value-Based Care Division includes the Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) assets. The healthcare technology space has been a key focus area for Veritas Capital, as illustrated by its
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Why GE Won’t Sell its Health IT Business
As John Flannery, the new CEO of GE takes on the task of sweeping cost-cutting at the industrial behemoth, recent market speculation has suggested he may be looking to offload GE’s Healthcare IT business. Here's why we think this won’t happen.Crumbling, but not to the coreGE's health IT portfolio has been compiled from many acquisitions, creating a complex and sometimes disjointed product set. At its center is a core set of software and services focused on clinical IT. GE’s products that support
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Bernoulli Health, GE Healthcare Partner to Enable Data Interoperability for Medical Devices
Bernoulli Health, the developer of the advanced Bernoulli One clinical surveillance, medical device integration (MDI), and real-time data analytics platform, announced today collaboration with GE Healthcare on the new CARESCAPE Connect data aggregation solution. The data integration partnership between GE Healthcare and Bernoulli Health to increase volume, fidelity and resolution of data captured from GE Healthcare monitors and other third-party medical devices; to build sources of data that are
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GE Healthcare Acquires Novia Strategies to Expand Clinical Consulting Capabilities
GE Healthcare has acquired Novia Strategies, a healthcare clinical consulting firm focused on delivering critical outcomes in hospital operations. The acquisition will expand GE Healthcare’s clinical consulting capabilities to help healthcare organizations meet the demand for increased access, enhanced quality and more affordable healthcare for their patients. Originally founded under the name of InnoVia Health by Nancy Lakier in 1995, Novia Strategies help hospitals and health systems improve
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Hartford HealthCare, GE Healthcare Ink 7-Year Deal: 5 Things to Know: 5 Things to Know
Hartford HealthCare and GE Healthcare are teaming up on a 7-year innovation collaboration to launch a series of projects aimed at getting patients the care they need more quickly and safely. Over the course of the seven-year project, both organizations have committed to achieving measurable improvements and outcomes. Here are five things to know about the collaboration: 1. Over the next seven years, GE Healthcare and Hartford HealthCare will work together to help patients avoid unnecessary
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GE Healthare Taps eMedApps to Securely Access Stored Patient Info From Devices for Centricity EMR Customers
GE Healthcare has partnered with eMedApps as part of the GE Healthcare Centricity partner program that offers a comprehensive business continuity solution to GE Centricity EMR customers. eMedApps’ partnership with GE Healthcare will provide customers with an efficient and innovative contingency solution that allows clinicians, schedulers, and administrative staff to securely access stored patient information from any device – including mobile devices – whether their Centricity EMR is available
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GE Healthcare to Invest $500M In Unit Over Next 3 Years: 5 Things to Know
GE Healthcare CEO John Flannery announced this week that the company plans to invest $500 million in their healthcare technology unit over the next three years in digitalizing its operations. The move by GE Healthcare is part of a global push to evolve into a digital industrial-focused company to successfully compete against its rival Siemens and others. “It is our basic belief that we will grow faster within GE than outside of GE,” said GE Healthcare CEO John Flannery in an interview with
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GE Healthcare Acquires Fetal Monitoring Technology Monica Healthcare to Expand Digital Maternal-Infant Care Footprint
GE Healthcare has acquired U.K.-based wireless fatal monitoring technology provider Monica Healthcare to expand its digital maternal-infant care business. Financial terms of the acquisition were not disclosed. The Monica acquisition will boost GE Healthcare’s mobile and digital offerings by providing clinicians and patients around the world with more innovative solutions for labor, delivery, and home care. GE Healthcare Maternal Infant Care offers neuro-developmental and family-centered
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GE, InTouch Health Partner to Use Telehealth in Remote Training for Radiologists
GE Healthcare has partnered with InTouch Health, a provider of FDA-cleared remote presence devices, to help train imaging techs and radiologists to use high-tech imaging devices. It’s an innovative use of telehealth technology that reduces the costs associated with onsite follow-up training, and in a recent pilot, was shown to improve training quality, potentially saving lives. The pilot connected GE experts to healthcare providers in over 200 telepresence classes around the world, successfully
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