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TheStreet Open House

Yankee Alliance And GE Healthcare Sign Exclusive Hospital Operations Management Agreement

Stocks in this article: GE

“We wanted to bring a sophisticated technology in-house and explore asset management to see how it would affect our hospital,” said Paul Milton, executive vice president and chief operating officer – Ellis Medicine. “Because of HOM, our nurses now know exactly where any IV pump is at any time, just by logging onto a computer. The technology along with the new distribution processes mean that the pumps are returned to circulation sooner. Overall, HOM has enabled our hospital to reduce operating costs while improving the overall quality and efficiency of patient care.”

Ellis Medicine is one of many healthcare organizations in the U.S. that has adopted HOM to address asset management and patient flow needs, and HOM’s use of real-time data plus exceptional technology and software helps hospitals address those needs. The use of data and analytics also illustrates GE’s commitment to advancing the Industrial Internet, a term coined by GE that refers to the integration of complex machinery with networked sensors and software.

“We’re excited to work with Yankee Alliance members and help them incorporate the HOM portfolio across their acute care facilities. At GE, we believe the use of people, processes, and technology will help hospitals improve operational outcomes and achieve frictionless patient experiences,” said Fran Dirksmeier, General Manager, Global Asset Management, GE Healthcare Global Services.

About Yankee Alliance

Yankee Alliance, an owner of Premier Inc., is a group purchasing organization founded in 1984 on a belief in collaboration, that working together can achieve more than working alone. Our mission is twofold: to work with members to reduce supply and operating expenses through aggregation of data, purchasing, ideas and knowledge and to excel in strategic innovations that continually assist members in reducing their cost while recognizing their individual needs. Today Yankee Alliance remains true to the foundational belief in collaboration and has grown to over 14,200 members in all classes of trades across all 50 states. For more information visit  www.yankeealliance.com.

About GE Healthcare

GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world. GE (NYSE: GE) works on things that matter - great people and technologies taking on tough challenges. From medical imaging, software & IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions, GE Healthcare helps medical professionals deliver great healthcare to their patients.

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