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GE Launches $6 Billion HIT Program

May 11, 2009
by root
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GE Healthcare says it has committed $6 billion as part of a new health initiative. In addition to providing $3 billion over the next six years for healthcare innovation to deliver better care to more people at a lower cost, the company says its Healthymagination program will include $2 billion of financing and $1 billion of technology.

According to the Barrington, Ill.-based healthcare IT company, which is part of GE, under Healthymagination, by 2015 it will:

  • Invest $3 billion in R&D to launch at least 100 innovations that lower cost, increase access and improve quality by 15 percent.
  • Work with partners to focus innovations on accelerating HIT, target high-tech products to more affordable price points, broaden access to the underserved and support CDHC.
  • Create new wellness and healthy worksite programs while keeping cost increases below the rate of inflation.

Additionally, in order to make HIT faster and more efficient, the company says it will seek to increase the use and capability of EMR technology and other HIT.

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