GE Healthcare, a division of
General Electric Company
), is planning a $2 billion-worth investment over the next five
years in software development. GE Healthcare, in collaboration
with GE Software Center of Excellence, will develop new software
solutions for better diagnosis and improved care.
This investment by GE Healthcare is focused on advancing
current and future technology offerings through the convergence
of machine and intelligent data known as the Industrial Internet.
GE will be providing data, analytics, connectivity and insight
into operational and departmental processes and workflows.
Healthcare organizations face productivity challenges and this
investment aims to be a solution for those problems. With this
investment, the company will be able to improve hospital
operations, resort to better clinical effectiveness and optimize
care across entire populations. This will further help in
reduction of costs by optimizing the work flow and being more
organized with payment cycles; thus making patient information
GE Healthcare offers a broad portfolio of products and
services that redefine patient care. The company has a proven
expertise in diverse healthcare segments such as medical imaging
and information technologies, medical diagnostics, patient
monitoring systems, drug discovery, biopharmaceutical
manufacturing technologies, performance improvement and
General Electric is one of the most diversified technologies
and financial service corporations in the world. Its segments
include Power & Water, Oil & Gas, Energy Management,
Aviation, Healthcare, Transportation, Home & Business
Solutions, and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now are
Compass Diversified Holdings
Hutchison Whampoa Ltd
) each carrying a Zacks Rank #2 (Buy).
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