In strategy shift, GE plans lower-cost health products
General Electric is shifting the strategy in its $17 billion-a-year health equipment and technology business, seeking to broaden its reach with more lower-cost products. As part of the new health strategy, GE said it would invest $3 billion to develop at least 100 product and services innovations by 2015. The criteria for the new products will be that they lower cost, increase access, and improve quality by 15%. GE's health business, known for its medical imaging and diagnostic machines, is struggling in a weak economy as the hospitals and clinics that buy such sophisticated and costly equipment are reducing capital spending in the downturn.
- Will More Pioneer ACOs Defect?
- Charity HealthCare Conundrum Brewing Among Providers
- Interventional Radiology No Longer a Sub-Specialty
- Evidence-Based Practice and Nursing Research: Avoiding Confusion
- MU Final Rule Disappoints Some CIOs
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- Acute Kidney Injury Gets New Focus
- CNO Leads $1M Charge for New Scrubs, Uniforms
- mHealth Tackles Readmissions
- Transforming Cancer Care