GE Healthcare to spend $2 billion on software development

Summary:The company said that the $2 billion spread over five years will focus on asset management, hospital operations, clinical effectiveness and patient care.

GE Healthcare said Tuesday that it will invest $2 billion to develop software for hospital information technology, patient monitoring and other technologies.

gehealth

The company said that the $2 billion spread over five years will focus on asset management, hospital operations, clinical effectiveness and patient care.

New applications by GE Healthcare will be created in collaboration with GE's software development arm and research hubs.

GE is increasingly competing with established software giants such as IBM. The Internet of things, or industrial Internet as GE calls it, means that every company has the potential to be a software player.

The Holy Grail for the healthcare industry is to connect patient data and monitoring with backend systems to improve care and cut costs. The Federal government, insurers and hospitals are looking to technology such as big data, analytics and sensors to improve operations.

GE Healthcare, which has more than 3,000 software developers, has been pitching a model for medical information management that focuses on patient data repositories, archives for multiple specialties, departments and the technology connections and standards linking them.

Topics: Health, Enterprise Software

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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