$250 million Intel and General
Electric healthcare IT partnership
Intel CEO Paul Otellini and GE CEO Jeff Immelt recently announced a partnership that will focus on research and development in a number of areas ranging from fall prevention to medication compliance.
Over the next five years the partnership will invest $250 million to develop health care IT technologies. The resulting products will be aimed at chronic disease management and assisting independent living for seniors.
“The only way we’re going to drive lower costs [for the healthcare industry],” Immelt says, “is through technology.”
GE’s Healthcare division will sell and market the Intel Health Guide, a compact white box with a screen that allows users to check their recent health history, receive reminders to take medications and communicate via an integrated camera with their physician or other health care providers.
Accordingto both companies, the market for telehealth and home health monitoring will likely more than double from $US3 billion in 2009 to $US7.7 billion by 2012. The number of Americans aged 65 and older will increase to 71.5 million people, or roughly 20 percent of the total population.
Both Otelli and Jeff Immelt, chairman of the board and CEO of GE, see the development of health care IT as playing a major part in the lowering of overall health care costs, which threaten to put an increasing burden on the U.S. economy in coming years.
“We didn’t need to gather up care plans and other vital paperwork like vital observation charts. We simply packed up a couple of laptops, which had the Autumn-Care software on them, and headed off to Melbourne. Even when we lost power, we could still access and update everything we needed through the laptops that we had”. Such were the comments of Sandy Lorgelly, Hostel Manager at Monda Lodge in Healesville, when asked about her experience during the tragic events that occurred with the Victorian bushfires. Monda Lodge is a 30 bed low care aged residential care facility built in 1996. Sandy said we were able to maintain its high quality of care to its residents.
Monda Lodge survived the fires even though they were within two to three kilometres of the facility for 3 weeks. On
Minister for Ageing Justine Elliot recently said that changes in aged care funding will be tied to disaster plan were prompted by the recent Victorian bushfires and Queensland floods.
“While there was no loss of life at the aged care homes during the recent bushfires in Victoria or floods in Queensland, a number of facilities had to be evacuated,” she said in a statement.
“They (aged care providers) have primary responsibility for the protection of life, property and the environment.”
March 2nd they were forced to evacuate. However, the Hostel itself continues to remain standing today.
Throughout the weeks that the bush- fires threatened Monda Lodge, they were fortunate to have AutumnCare as their clinical care software solution. Accordingto Sandy the network wasdown for almost the first week during this time. “However, we were able to keep using our clinical care solution and accessing and updating all the critical resident care requirements that we needed”.
“At least, throughout this whole frightful experience, we were able to maintain continuity of care for our residents” Sandy commented, and “when the network was back up and running all the data synchronised back to Eastern Health’s central server. We didn’t have to do a thing!”
Nursing homes that apply for new government-funded aged care places will need to have a bushfire and flood plan in place.
The new requirements will apply to the 2009-10 funding rounds.
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