General Electric and Intel have joined forces on Care Innovations,an initiative to support independent living of the chronically ill,improving their health and lowering the cost of care.The jointly-owned company,which combines GE Healthcare's Home Health division and Intel's Digital Health Group,will tap a market for Telehealth and home health monitoring that is expected to grow to around 7.7 billion dollars by 2012.
Care Innovations has a vision of providing innovative products and services that will enable new models of care,improving the quality of care and patient empowerment,while helping reduce health care costs through new technologies,according to CEO Louis Burns.The joint venture has received final regulatory clearances and is fully operational.
CI's core focus areas are disease management,independent living and assistive technologies.Among its products are patient monitoring,independent living concepts and assistive technologies such as the Intel Health Guide and GE QuietCare.The firm intends to continue developing this healthcare IT to enable lower healthcare costs and a higher quality of life for patients worldwide.
Dutch electronics titan Philips is also active in the field through its Telehealth Solutions.Among Philips' products are the TeleStation,Measurement Devices and Web-based Clinical Review Software.
General Electric(GE),Intel(INTC),Koninklijke Philips Electronics(PHG)
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