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Frost & Sullivan Awards GE Healthcare for Product Line Strategy Leadership - Frost & Sullivan recently selected GE Healthcare as the recipient of the 2007 Award for Product Line Strategy Leadership for its standalone and integrated electronic medical records and practice mngt solutions for physicians in practices of all sizes
Frost & Sullivan Awards GE Healthcare for Product Line Strategy Leadership

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/04/24 - Frost & Sullivan recently selected GE Healthcare as the recipient of the 2007 Award for Product Line Strategy Leadership for its standalone and integrated electronic medical records and practice mngt solutions for physicians in practices of all sizes.

   
 
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GE Healthcare leads the way with its robust, customizable, and readily installed product line that has an improved and non-interruptive workflow environment.

The company’s broad portfolio of Centricity® products including clinical and financial solutions are well established in the outpatient market. GE’s Centricity Electronic Medical Record (EMR) enables ambulatory care physicians and clinical staff to document patient encounters, streamline clinical workflow and securely exchange data with other providers, patients and information systems.

Additionally, GE Healthcare recently released its Centricity Practice Solution, a single clinical and financial solution underpinned by Microsoft® SQL 2005 database architecture. This solution is designed to ease practice workflow and provide a comprehensive view of patient care.

Due to its single database architecture, the support requirements of Centricity Practice Solution are reduced. This opens up opportunities in the market for smaller physician practices and sets the company on a path to tackle the heavily under-penetrated market of practices with fewer than 5 physicians.

"In addition, GE Healthcare maintains a streamlined version of its robust Centricity Electronic Medical Record that is designed for groups specifically looking for out-of-the-box characteristics," said Frost & Sullivan research analyst Steve Tobin." The standalone EMR and integrated solution maintain a strong foundation of clinical functionality, plus desirable customization qualities and the ability to readily connect with national and local laboratories or ancillary organizations," said Tobin. "Centricity Practice Solution also leverages GE Healthcare’s Centricity EDI Services, a well-respected set of services that have been shown to reduce claims denial rates through proactive monitoring."

Uniquely able to populate data across a common medical vocabulary, GE Healthcare’s Centricity line has focused on providing sophisticated tools for reporting and quality-based programs. As the market increasingly demands such tools and as government support grows, GE Healthcare can readily support clinicians’ ability to engage in programs such as pay for performance, disease management, and population benchmarking for clinical pathways.

As the healthcare IT environment becomes further connected, GE is also positioned to leverage the sharing of data between its medical equipment and IT systems, building a connected community that supports the seamless delivery of care.

"Whether physicians implement these programs now or in the future, the Centricity line of solutions remain ahead of the curve in providing the physician practice all the tools necessary to effectively manage their practice and patients," noted Tobin.

The Product Line Strategy Award is presented annually to the company that has demonstrated the most insight into customer needs and market demands. The recipient company has optimized its product line by leveraging or introducing products with desirable price, performance, and feature points.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About GE Healthcare

GE Healthcare (gehealthcare.com) provides transformational medical technologies and services that are shaping a new age of patient care. Our expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance improvement, drug discovery, and biopharmaceutical manufacturing technologies is helping clinicians around the world re-imagine new ways to predict, diagnose, inform, treat and monitor disease, so patients can live their lives to the fullest.

GE Healthcare's broad range of products and services enable healthcare providers to better diagnose and treat cancer, heart disease, neurological diseases and other conditions earlier. Our vision for the future is to enable a new "early health" model of care focused on earlier diagnosis, pre-symptomatic disease detection and disease prevention. Headquartered in the United Kingdom, GE Healthcare is a $17 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 46,000 people committed to serving healthcare professionals and their patients in more than 100 countries.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Frost & Sullivan Awards GE Healthcare for Product Line Strategy Leadership

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