Serving Patients and Communities Through Comprehensive Care Solutions: OSF HealthCare, Pointcore, Inc. and GE HealthCare Enter Strategic Care Alliance

Rhea-AI Summary

GE HealthCare collaborates with OSF HealthCare and Pointcore to enhance patient care and operational efficiencies, aiming to impact over one million patients. The alliance focuses on technology integration, management services, and precision care in oncology, with a strong emphasis on improving patient outcomes.

Insights

Healthcare Technology Analyst

The strategic collaboration between GE HealthCare, OSF HealthCare and Pointcore, Inc. represents a significant investment in healthcare technology and digital solutions, with the potential to enhance clinical and operational efficiencies across the OSF HealthCare system. From a technology perspective, the introduction of GE HealthCare’s new version of Digital Expert Access with remote scanning is an innovative step forward in medical imaging. This FDA 510(k)-cleared device facilitates remote patient scanning on MRI devices, which could lead to reduced wait times and less care disruption.

Furthermore, the focus on precision care in oncology, particularly through the development of pathways for integrated cancer care, suggests a commitment to advancing personalized medicine. This approach, leveraging advanced analytics and capital management strategies, is indicative of a trend towards data-driven healthcare solutions that can optimize both patient outcomes and resource allocation within health systems.

Medical Research Analyst

The alliance's emphasis on enhancing precision care, especially in oncology, is noteworthy. By identifying clinical and technological opportunities to accelerate integrated cancer care, the collaboration could significantly impact patient outcomes in diseases like prostate cancer. The use of Theranostics—a combination of therapy and diagnostics—illustrates a forward-thinking approach to cancer treatment that is increasingly being recognized for its potential to tailor therapies to individual patients.

Additionally, the investment in innovation and new technology systems could lead to more effective treatments and improved diagnostic capabilities. The partnership's potential to scale personalized care and streamline capital management also suggests a model that could be replicated by other healthcare systems aiming to improve efficiency and patient care quality.

Healthcare Industry Analyst

The collaboration’s potential impact on the healthcare industry extends beyond the immediate stakeholders. By setting a precedent for large-scale technological integration and standardization of care delivery models, this alliance may influence how other health systems approach similar challenges. The financial implications of such a partnership are multi-faceted, as the upfront investment in new technology and systems could result in long-term savings through improved operational efficiencies and potential reductions in costly medical errors or redundant procedures.

The partnership's focus on capital management innovation, particularly in a time when healthcare costs are a significant concern, could also offer a blueprint for other systems to follow. If successful, this collaboration could demonstrate the value of strategic alliances between healthcare providers and technology companies in driving both quality of care and financial sustainability.

• 10-year collaboration aims to expand the reach of innovative technology and digital solutions to more than one million patients.

CHICAGO--(BUSINESS WIRE)-- GE HealthCare (Nasdaq: GEHC) today announced a collaboration with OSF HealthCare, an integrated health system caring for patients throughout Illinois and Michigan, and Pointcore, Inc., a healthcare management and non-clinical shared services company, to help increase clinical and operational efficiencies, standardize care delivery models and improve patient outcomes across OSF HealthCare. This alliance will leverage GE HealthCare’s expertise and innovative technology and Pointcore’s decades of experience managing nonclinical matters for hospitals and clinics. It will also support the Mission of OSF HealthCare to deliver exceptional care to patients in the communities they serve.

“In the rapidly changing world of healthcare, this strategic collaboration between OSF HealthCare, Pointcore and GE HealthCare means that we can ensure our Mission Partners (employees) have the right technology at the right place at the right time, fundamentally changing the way we deliver care to over one million patients each year,” said Jim Mormann, Chief Executive Officer of OSF HealthCare Integrated Solutions and Pointcore, Inc. “It is in direct alignment with our Mission to serve with the greatest care and love to all the communities we have been called to serve and aims to allow our patients to have access to the best care possible.”

The agreements stand on two key pillars and will deepen OSF HealthCare, Pointcore and GE HealthCare’s combined focus on:

• A foundational alliance that includes investment in new technology systems, digital tools and resources, service and support across a variety of care areas including nuclear medicine, oncology and radiology. A new intersection between Pointcore and GE HealthCare will drive Healthcare Technology Management services and provide excellence in the management of OSF’s medical equipment across their ministry.
• A new approach to investment in innovation that uses advanced analytics to streamline capital management and allow OSF HealthCare to reinvest in care for patients. As a part of this approach, OSF HealthCare will be one of the first healthcare systems in the United States to implement GE HealthCare’s new version of Digital Expert Access with remote scanning, the first FDA 510(k)-cleared device to enable remote patient scanning on GE HealthCare Magnetic Resonance Imaging (MRI) devices. This new technology can bridge multiple locations, users, and devices remotely and allow technologists to share knowledge and make decisions quickly, reducing wait times and care disruption for patients.

OSF HealthCare, Pointcore and GE HealthCare expect to explore ways to scale their approach to drive greater access to personalized care for more patients. The alliance will concentrate on enhancing precision care in oncology by identifying clinical and technological opportunities that can help accelerate integrated cancer care at OSF HealthCare. The parties will work together to build pathways that deliver precise, personalized care for patients through customized solutions in radiation oncology and Theranostics for diseases like prostate cancer.

“The most critical goal of this collaboration is increasing access to quality care for all patients no matter where they are,” said Catherine Estrampes, President and CEO, U.S. and Canada at GE HealthCare. “OSF HealthCare, Pointcore and GE HealthCare are doing this together through integrated technology, digital solutions, advanced analytics and dedicated clinical and operational specialists. The work of our combined teams will help enable OSF HealthCare to standardize care across their system and empower their Mission Partners to focus on their patients and communities.”

The agreement is the result of extensive collaboration between OSF HealthCare, Pointcore (and its predecessor, St. Francis, Inc.) and GE HealthCare across many initiatives such as improving the delivery of healthcare technology management and advancements in diagnostic imaging technology. Collaboration activities will begin in the Spring of 2024 with the launch of the OSF HealthCare Cancer Institute in Peoria, Illinois.

About GE HealthCare Technologies Inc.
GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with 51,000 colleagues working to create a world where healthcare has no limits.

Follow us on LinkedIn, Twitter, and Insights for the latest news, or visit our website https://www.gehealthcare.com/ for more information.

About OSF HealthCare
OSF HealthCare is an integrated health system founded by The Sisters of the Third Order of St. Francis. Headquartered in Peoria, Illinois, OSF HealthCare has 16 hospitals – 10 acute care, five critical access, 1 transitional care - with 2,131 licensed beds throughout Illinois and Michigan. OSF employs nearly 24,000 Mission Partners across 150+ locations; has two colleges of nursing; operates OSF Home Care Services, an extensive network of home health and hospice services; owns Pointcore, Inc., comprised of health care-related businesses; OSF HealthCare Foundation, the philanthropic arm for the organization; and OSF Ventures, which provides investment capital for promising health care innovation startups. In 2020, OSF OnCall was established, a digital health operating unit, including a hospital-at-home. OSF OnCall delivers care and services when, where and how patients prefer to receive them. OSF HealthCare has been recognized by Fortune as one of the most innovative companies in the country. More at osfhealthcare.org.

About Pointcore , Inc.
Pointcore serves the healthcare industry through proven excellence in key services that enable patient care including technology services (application, IT, network and cybersecurity), healthcare technology management (HTM or biomedical equipment services), supply chain, business and construction. As an extension of OSF HealthCare, one of the nation’s leading healthcare organizations, Pointcore leverages decades of experience serving hospitals and clinics of all sizes to extend resources, share cost and utilize common infrastructure with external clients, all to the benefit of patients. Learn more about Pointcore innovation by following us on LinkedIn and at Pointcore.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240219668148/en/

GE HealthCare Media Contact

Caitlin Lamey

M +1 951 249 1401

Caitlin.lamey@gehealthcare.com

Investor Relations Contact:

Carolynne Borders

+1-631-662-4317

carolynne.borders@gehealthcare.com

OSF HealthCare Media Contact

Shelli Dankoff

M +1 (309) 634-8583

shelli.j.dankoff@osfhealthcare.org

Source: GE HealthCare

FAQ

What is the collaboration announced by GE HealthCare with OSF HealthCare and Pointcore?

GE HealthCare has announced a collaboration with OSF HealthCare and Pointcore to enhance clinical and operational efficiencies, standardize care delivery models, and improve patient outcomes across OSF HealthCare.

What are the key pillars of the alliance between GE HealthCare, OSF HealthCare, and Pointcore?

The alliance includes investment in new technology systems, digital tools, Healthcare Technology Management services, and precision care in oncology to streamline capital management and reinvest in patient care.

What innovative technology will OSF HealthCare implement as part of the collaboration with GE HealthCare?

OSF HealthCare will be one of the first healthcare systems in the U.S. to implement GE HealthCare's Digital Expert Access with remote scanning, enabling remote patient scanning on GE HealthCare MRI devices, reducing wait times and care disruption for patients.

What is the main goal of the collaboration between GE HealthCare, OSF HealthCare, and Pointcore?

The main goal of the collaboration is to increase access to quality care for all patients through integrated technology, digital solutions, advanced analytics, and personalized care in oncology.

When will the collaboration activities begin?

Collaboration activities will commence in the Spring of 2024 with the launch of the OSF HealthCare Cancer Institute in Peoria, Illinois.