Intel, GE Launch $250 Million Health Care Partnership - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Government // Mobile & Wireless

Intel, GE Launch $250 Million Health Care Partnership

The pact comes at a time when the Obama administration has made lowering the cost of health care a priority.

GE and Intel on Thursday launched a partnership in which the companies pledged to spend $250 million over the next five years to develop and market products for the health care industry, particularly home-based technology for monitoring and diagnosing people with chronic illnesses.

The companies unveiled their plans at a New York news conference. GE has been a major provider of medical information systems and imaging and diagnostic equipment used by hospitals for years. Intel has been quickly integrating its technology into health care devices and systems for the home.

In coming together, the companies are going after what they believe to be an emerging multibillion-dollar market, driven by the aging of the baby boom generation and the high cost of hospital care.

Allowing patients to stay home while hospitals monitor their condition and diagnose and treat problems remotely is expected to cut health care costs, which Intel and GE said support their efforts.

Intel chief executive "Paul [Otellini] and I wouldn't do anything that we didn't think would be a multibillion-dollar business over time," Jeff Immelt, chairman and chief executive of GE, told reporters during the joint news conference.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
What Comes Next for the COVID-19 Computing Consortium
Joao-Pierre S. Ruth, Senior Writer,  11/24/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
Slideshows
Flash Poll