GE‘s R&D center in Bangalore is its largest outside that in the U.S. and one of its mandates is to produce quality products that are priced significantly lower than imported equivalents. The Times of India reports that the latest device developed by the company is the computed tomography (CT) system, which is the result of a $20 million investment and the collaborative efforts of GE and Indian healthcare providers for over four years.
“It’s one of the most sophisticated products we have developed and built here,” said John Flannery, president & CEO of GE Healthcare, who was in Bangalore for the launch of the CT scanner which consumes 40% less power, produces much lower radiation doses, and is priced about 40% less than imported equivalents.
Terri Bresenham, president & CEO of GE Healthcare South Asia, said the company had filed ten patents on the product and that a number of hospitals in tier 2 and 3 cities had already placed orders for it.
May 1, 2015 No Comments
Two day intense programming projects or “hackathons” are quite common in the software business, but India hosted a first-of-a-kind medical device and healthcare project this year.
As part of a new, USAID-funded partnership with GE Healthcare India and Glocal Healthcare, CAMTech’s first ever healthcare Hackathon took place at GE’s R&D Center in Bangalore this summer.
With only forty eight hours to go from an idea to a prototype to a workable business model, the hackers worked late into the night. The event showed the potential of an exciting new approach to research and development: current-day technologies and healthcare systems were deconstructed and used to complement, or even replace, traditional devices in the context of a developing Indian market. “The event is a new way of elevating the experience and know-how of local experts and using strategies from not just engineering, but also public health and business, to develop new tools to improve health,” said Elizabeth Bailey, Director of the Consortium for Affordable Medical Technologies (CAMTech) at Massachusetts General Hospital. “We’re focused on finding impactful, marketable, and easy-to-adopt ways to change the way we provide care to women and children.”
A Clinical Summit took place prior to the hackathon that brought together experts from the healthcare, engineering and business industries. The Summit identified 75 of the most pressing issues in Indian healthcare, highlighting the need for innovation in mother and child care in particular.
The top three creations were awarded monetary prizes along with the chance to see their idea carried further by CAMTech and GE Healthcare India. In addition to monetary prizes, the winners will also benefit from three years of support and office space at the Mazumdar-Shaw Cancer Center Healthcare Technology Incubator.
- First prize, Rs. 250,000, went to a mobile application called BabySteps, which aids early diagnosis of developmental delays in children.
- In second place, with a Rs. 150,000 reward came PEC-Dia, a measurement system developed to diagnose a condition called Cephalo Pelvic Disproportion (CPD, which occurs when the baby’s head is too large to pass through the mother’s pelvis).
- In third place, with Rs. 75,000, was the Pregmatic, a wearable device that reminds pregnant women about important developmental milestones to be aware of throughout their pregnancy, at which they may need critical care.
October 27, 2014 No Comments
GE Healthcare has funded a three year $150,000 project to develop affordable medical technologies in the areas of cardiovascular care, oncology and maternal and child healthcare. The project will identify, assess and evaluate appropriate technology solutions and then, create equipment accordingly.
Professor Mohanasankar Sivaprakasam, Head, Healthcare Technology Innovation Centre (HTIC), IIT-Madras said that the collaboration is to address issues related to mother and child health, cardiology and cancer. “This collaboration between HTIC and GE Healthcare will bring together start-up dynamism and corporate scalability to healthcare innovations while putting the unserved customer at the center of healthcare innovation,” said Terri Bresenham, president and CEO, GE Healthcare, South Asia.
October 27, 2014 No Comments
GE Healthcare is jointly investing $130 million with Pennsylvania based Cancer Treatment Services International (CTSI) to set up a chain of 25 cancer detection and treatment centers across India. GE will provide equipment while CTSI, which set up the 250-bed American Oncology Institute in Hyderabad in 2012, will take care of treatment, doctors, medical personnel and related services.
GE Healthcare will be the minority investor, its Chairman and CEO John Dineen told a joint news conference. According to Dineen, the partnership was a part of its $1-billion commitment to R&D related to diagnosing cancer. GE is also developing low-cost diagnostic technologies ‘in India and for India’ for various diseases, 100 of them targeting cancer alone. It recently launched a low-cost version of PET-CT that is widely used to find cancerous tumors.
Terri Bresenham, Bangalore-based President and CEO of GE Healthcare South Asia, said cancer cases, now at three million, were rising sharply in India, and a large number of its victims were dying due to late detection and high cost of treatment. Also, 1.23 million new cases were showing up each year. CTSI President and CEO Joe Nicholas said the partners planned to start the first few centers in Andhra Pradesh as a hub-and-spoke model, and later try it out in other countries that have similar conditions. The $10-million Hyderabad location has already treated 10,000 people.
What this means
Setting up long-term win-win models may be a good way to enter and expand. India also serves as a crucible to prove out models that can apply in the developing nations of Africa, South America and Asia.
April 30, 2014 No Comments
GE Healthcare, a unit of General Electric Company has formed a strategic partnership with Cancer Treatment Services International (CTSI) to launch a chain of 25 cancer care centers in India. Over a period of five years, the two companies will jointly invest $120 million to set up these centers. The centers will offer state-of-the-art technology for the diagnosis and treatment of cancer at affordable prices, replicating the standards of care found at the world’s leading cancer hospitals.
The cancer care centers will come up across the state of Andhra Pradesh and will progressively expand throughout the country. Per the agreement, GE Healthcare will supply the equipment while CTSI would be responsible for management of medical personnel, treatment and other ancillary services. Following a hub-and-spoke model, each center will be linked to a hub through a sophisticated information technology network supported by a transnational team of doctors and administrators. The hub will provide diagnostic imaging and treatment capabilities, while each center will deliver a range of screening, staging and treatment alternatives.
CTSI offers comprehensive clinical and administrative solutions for treatment of terminal diseases. It presently operates four cancer hospitals in the U.S., making high-quality cancer care accessible at affordable prices. Its healthcare delivery model has proven to be successful in the U.S. and it plans to replicate the success in countries like India, where cancer treatment is still relatively inaccessible and costly.
Currently, India reportedly has at least three million cancer patients, with an addition of 1.23 million new cases every year. As per GE Healthcare estimates, three patients perish in every two minutes due to this deadly disease. The high mortality rates are primarily due to late detection, lack of access to advanced healthcare facilities and high costs related to treatments.
March 29, 2014 4 Comments