GE Healthcare to spend $2 billion on software development

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.

SHARE:

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

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

4 comments
Log in or register to join the discussion
  • GE Healthcare to spend $2 billion on software development

    Let's see now. There are 3000 Developers so I calculated roughly $120,000 per developer (icluding benefits) which comes to $360,000,000yrly. Now they are going to invest $2bn. Where exactly? I mean you have the deveolopers, you have the computers, so is software to develop that expensive? Come on. Maybe I don't see something obvious but sure sounds kind of odd to me. Oh, and it's healthcare, that $2bn could really be used in paying some healthcare benefits, don't you think.
    I worked for a software house and we did develop something that the company decided not to use, typical in some cases, and they said it cost them over $250,000 over 2yrs. How they figure that is beyond me. They were paying my salary whether I was developing for the new platform or not. Yes, it was wasted time, wasting emplyee resources, but it did not cost them any EXTRA moneys.
    herb643
    • GE Healthcare to spend $2 billion on software development

      So, the price of cars should be cheaper as well, since only the cost of assembly and some raw materials are counted, right? There are at least one or two other items involved... It takes time to solve the problems once they have been identified. Someone has to tell the developers what it is they are developing. Design is not wholly in the developers hands, there are users and subject mater experts that need to validate and test the products during and after development.
      What about marketing and sales and oh, i don't know, training your own resources on what it is you developed and how to sell, install, support, update the product. Did you know you have to pay for the shrink wrapping that they put on the boxes that they ship the software in? Who knew...
      I think a business class or two and maybe a primer on business account are in your future or maybe not.
      dd2000dd436
    • remind me never to hire you to do any form of finance

      That money (which sounds about right for one person, or maybe two, when you take into account all the other costs other than salary) was effectively sunk, but if they had not spent it on that, it could have been spent on something else - or the cost saved by not employing you. So in a very real sense it was extra money.
      keithc
  • GE Healthcare to spend $2 billion on software development

    Are they hiring new staff for this effort?
    ssyoung144