GE 2015 Annual Report Download - page 80

MD&A SEGMENT OPERATIONS | HEALTHCARE
52 GE 2015 FORM 10-K
HEALTHCARE
BUSINESS OVERVIEW
Leader: John L. Flannery
Headquarters & Operations
x Senior Vice President, GE and President &
CEO, GE Healthcare
x Over 25 years of service with General
Electric
x 15% of segment revenues in 2015
x 16% of industrial segment revenues
x 16% of industrial segment profit
x Headquarters: Chicago, IL
x Serving customers in 130+ countries
x Employees: approximately 52,000
Products & Services
Healthcare provides essential healthcare technologies to developed and emerging markets and has expertise in
medical imaging, software and information technology (IT), patient monitoring and diagnostics, drug discovery,
biopharmaceutical manufacturing technologies and performance improvement solutions. Products and services
are sold worldwide primarily to hospitals, medical facilities, pharmaceutical and biotechnology companies, and to
the life science research market.
x Healthcare Systems ± provides a wide range of technologies and services that include diagnostic imaging and clinical systems.
Diagnostic imaging systems such as X-ray, digital mammography, computed tomography (CT), magnetic resonance (MR), surgical
and interventional imaging and molecular imaging technologies allow clinicians to see inside the human body more clearly. Clinical
systems such as ultrasound, electrocardiography (ECG), bone densitometry, patient monitoring, incubators and infant warmers,
respiratory care, and anesthesia management that enable clinicians to provide better care for patients every day - from wellness
screening to advanced diagnostics to life-saving treatment. Healthcare systems also offers product services that include remote
diagnostic and repair services for medical equipment manufactured by GE and by others.
x Life Sciences ± delivers products and services for drug discovery, biopharmaceutical manufacturing and cellular technologies, so
scientists and specialists discover new ways to predict, diagnose and treat disease. It also researches, manufactures and markets
innovative imaging agents used during medical scanning procedures to highlight organs, tissue and functions inside the human
body, to aid physicians in the early detection, diagnosis and management of disease through advanced in-vivo diagnostics.
x Healthcare IT ± provides IT solutions including enterprise and departmental Information Technology products, Picture Archiving
System (PACS), Radiology Information System (RIS), Cardiovascular Information System (CVIS), revenue cycle management and
practice applications, to help customers streamline healthcare costs and improve the quality of care.
Competition & Regulation
Healthcare competes with a variety of U.S. and non-U.S. manufacturers and services providers. Customers require products and
services that allow them to provide better access to healthcare, improve the affordability of care, and improve the quality of patient
outcomes. Technology innovation to provide products that improve these customer requirements and competitive pricing are among the
key factors affecting competition for these products and services. New technologies could make our products and services obsolete
unless we continue to develop new and improved products and services.
Our products are subject to regulation by numerous government agencies, including the U.S. Food and Drug Administration (U.S.
FDA), as well as various laws and regulations that apply to claims submitted under Medicare, Medicaid or other government funded
healthcare programs.
52 GE 2015 FORM 10-K