GE Healthcare to Invest $2 Billion in Software Development | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

GE Healthcare to Invest $2 Billion in Software Development

June 11, 2013
by Gabriel Perna
| Reprints

GE Healthcare, a large electronic health record (EHR) and health IT software company based out of Chalfont St. Giles, England, will invest $2 billion into the development of software and analytics capabilities over the next five years, the company announced.

The investment, GE says, is an effort to accelerate the development of it systems to deal with what it calls the “increasing productivity challenges”, faced by its healthcare organization customer base. Much of these challenges involve healthcare reform, and the switch from a fee-for-service reimbursement system to one that is dictated by performance-based outcomes. GE hopes to improve hospital operations management, clinical effectiveness, and optimized care across entire populations with these upcoming advancements, the company said.

Specifically, GE Healthcare says it will look to develop software that allows for faster data entry, as well as enhanced proactive asset management and clinical decision support. It will aim to create software that also minimizes payment cycles and reduces waste, while allowing for more collaboration and availability of patient information.

In pre-released comments, John Dineen, President & CEO of GE Healthcare, said, “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, providing the right technology that allows physicians to pinpoint the right diagnosis; match it to the right treatment; and make more informed decisions.”

GE’s announcement comes on the heels of a report from the Orem, Utah-based KLAS Research, which ranked usability in ambulatory EMR systems. GE ranked third overall, but clients noted much of that did not come from the vendor itself.



NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.