GE Healthcare and Intel Corp. have announced a joint healthcare venture that plans to develop technologies to support healthy, independents living at home and in senior housing communities. Called Intel-GE Care Innovations LLC, the new healthcare company will provide innovative products and services to enable new models of care, according to the partners.
With operations starting on Monday, the executive leadership team and board of managers are now in place to support the new company’s transition and future growth.
In fact, the formation of Care Innovations follows the success of the healthcare alliance between Intel and GE, announced in April 2009. Care Innovations, which combines assets and the expert teams and operations of both GE Healthcare's Home Health division and Intel's Digital Health Group, has received final regulatory clearances and is now fully operational.
The jointly owned company’s focus is to help address some of the largest issues facing society today, including the aging population, the growing number of people with chronic conditions, and increasing healthcare costs. The market segments for telehealth and home health monitoring are predicted to grow to an estimated $7.7 billion by 2012.
“Our vision as we launch this exciting new company is for Care Innovations to positively affect millions of people by providing innovative products and services that will enable new models of care,” said Louis Burns, CEO of Care Innovations, in a statement. “Our passionate leadership team and board of managers will help drive the business strategy necessary to improve quality of care and patient empowerment while helping reduce healthcare costs through new technologies,” added Burns in a press release.
Burns is joined by an experienced senior leadership team with a breadth of knowledge in healthcare, business strategy, sales and marketing, and product development in the company’s core focus areas: disease management, independent living and assistive technologies.
Other executives to join the CEO include Douglas F. Busch, senior VP and COO, Lauren Salata, VP, CFO and chief compliance officer, Michael Bassett, general manager of assistive technologies, Becky Davis, director of corporate marketing, Eric Dishman, director of health policy, Aaron Duerksen, general manager of disease management, Bonnie Norman, director of quality assurance and regulatory affairs, James Pursley, general manager of independent living and Randall Swanson, VP of business operations.
In addition to Burns, GE and Intel have also appointed four board members to Care Innovations to represent the interests of the parent companies. Senior VP of GE and President and CEO of GE Healthcare Systems, Omar Ishrak, is chairman of the board for the company. GE’s executive vice president of Business Development for GE International Michael Jones joined as a board member. Intel board members include Robert Crooke, corporate vice president and general manager of Intel’s Atom and System-on-a-Chip Development Group (ASDG); and Patricia Murray, senior vice president and director of human resources.
Care Innovations markets remote patient monitoring, independent living concepts and assistive technologies, such as the Intel Health Guide, Intel Reader and GE QuietCare. The company is also continuing to develop healthcare IT innovations which will help enable healthcare providers to drive toward lower costs and a higher quality of life for patients worldwide.
Ashok Bindra is a veteran writer and editor with more than 25 years of editorial experience covering RF/wireless technologies, semiconductors and power electronics. To read more of his articles, please visit his columnist page.Edited by
Jaclyn Allard
