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Companies

GE’s healthymagination reports on first year

FAIRFIELD, Conn. – A year after its launch, GE’s healthymagingation program has invested US$700 million in 24 innovative products and $250 million in an equity fund focused on growing healthcare technology companies.

Healthymagination is GE’s six-year, $6 billion commitment towards better health for more people by decreasing costs, improving quality and increasing access to healthcare.

“Healthymagination works to address some of today’s greatest global health challenges with new technologies and solutions,” said Mike Barber (pictured), vice president, healthymagination. “We’ve made some good progress in year one and will look to build on this success in year two, with an increased global focus including IT solutions for real-time clinical decision support; developing more products targeted to local needs at affordable price points; and, bringing better health solutions to remote and under-served communities.”

Year One Progress:

• GE invested $700 million in R&D toward healthymagination innovations;

• GE increased its healthymagination portfolio to 24 product innovations, on target for 100 innovations by 2015, including the portable handheld Vscan ultrasound and low-cost Brivo CT;

• GE partnered with Intel and the Mayo Clinic for a year-long study evaluating the benefits of remote monitoring devices for home-based patient care;

• Launched “Developing Health,” a three-year $25 million program providing grant funding and volunteer support to non-profit health centers in the U.S.;

• Joined with Eli Lilly to develop technology that could enable faster, cheaper and smarter cancer therapies.

To view the healthymagination Annual Report visit: www.healthymagination.com/report.

About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company’s Web site at www.ge.com. Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality and efficiency around the world. Healthymagination is a $6 billion commitment that was launched in May 2009.

Posted June 3, 2010

 

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