GE (GE): Bringing Down The Costs Of Medical Equipment
GE (GE) announced a push to increase R&D in its medical division, bring down prices for many of the technologies it creates, and provide financing to the doctors and hospitals who use the GE products. Based on the burden that…
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Based on the burden that healthcare in creating for economies, particularly in the US, the projects are well-timed.
GE is putting the new projects under the rubric “healthymagination”, a term that cannot be pronounced or spelled by even the most educated people, but that is the only mistake the company is making as it plans to put $6 billion into expanding its presence in healthcare IT over the next seven years.
GE says it will introduce 100 innovations “that lower cost, increase access and improve quality by 15 percent.”
GE is developing a habit of capitalizing on the movement of tidal waves that are motivating global business and financial decisions. Its decision to put substantial effort into environmentally friendly business practices and products have gained the company goodwill, and presumably, new revenue.
With each health dollar becoming more dear in a slumping economy and due to an aging population, GE has picked the right spot again.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
