Intel, GE to form health-IT company focused on senior care

The new company will emphasize bringing medical care to a patient's home

Intel and GE will combine health-IT assets to form a company that focuses on providing medical care technologies to the elderly and people with chronic illnesses, the companies announced on Monday.

Health care faces a growing challenge as people live longer and care costs rise, said Omar Ishrak, senior vice president of GE and president and CEO of GE Healthcare Systems. Chronic illness, already a major health care cost, presents additional issues, he said.

"Chronic conditions account for more than 75 percent of health care spending in the U.S.," Ishrak said during a webcast of the announcement.

The new company will "tackle chronic diseases and age-related disease," said Ishrak, who will serve as the company's chairman.

Both companies are already involved in the health care market. GE Healthcare offers consulting and sells medical devices in areas that include cardiology and oncology. Intel launched its Digital Health Group in 2005 to look into uses for its products in health care research and personal health care.

The new company, which doesn't yet have a name, will combine the assets of GE Healthcare's Home Health division and Intel's Digital Health Group. The venture builds on an alliance that GE and Intel formed in April 2009 around independent living and chronic disease management. The new company will focus on chronic disease management, independent living and assistive technologies.

Intel and GE will each own half of the new venture, which is expected to launch by the end of the year. Financial details were not provided. The venture will be based in the Sacramento, California, area, and Intel's Louis Burns, currently vice president and general manager of Intel's Digital Health Group, will serve as CEO of the new company.

"We already have products for home monitoring from the alliance," Burns said. "The best way to bring products and solutions to market was to form the company."

Intel's research in disease management and GE's work in the area of home health will comprise the venture's key components, Ishrak said.

The venture will emphasize developing products that allow people to receive treatments in their homes, according to Burns and Ishrak.

"Bringing health care to the home is one of the fundamental pillars of lowering health care costs around the world," Israk said.

Burns said that the company will develop products that will permit seniors "to live at home in dignity."

While both executives discussed the technology that their respective companies will bring to the new venture, Ishrak and Burns acknowledged that IT can only do so much to improve health care.

"Many of the problems that exist we have technical solutions for," Burns said. The biggest challenge, he said, is getting the health care industry, which is slow to change, to adopt new business models.

Ishrak cited a change in how medical treatments are paid for as necessary if health care technologies are to prove effective.

"The business model change, the payment reform change that is associated with that, that will take some time," he said.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags gehealth careintelindustry verticals

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Fred O'Connor

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?