GE’s healthcare division is diving even deeper into home care

GE Healthcare, the $17.7 billion healthcare division of General Electric (NYSE: GE ), is further investing in the home care space through a Remote Patient Monitoring (RPM) partnership with AMC Health.

This week, the two companies announced a joint venture that will allow GE Healthcare clinicians to offer RPM as a virtual care solution outside of the traditional hospital environment at home.

“We want to ensure that when the patient leaves the hospital, care does not stop,” Ashutosh Banerjee, general manager of diagnostic cardiology and RPM for GE Healthcare, told Home Health Care News. “We’ve evaluated pretty much everyone in the remote patient monitoring space over the last 18 to 24 months, and we settled on AMC Health because they have the best clinically validated offering and they have a very strong presence in the US — particularly in the Veterans Administration space. “

The ultimate goal, Banerjee said, is to integrate hospital and home data into GE’s Edison Health database. The partnership should make it easier for hospitals to monitor patients after discharge and provide clinicians with data to make better, more informed decisions related to a patient’s health plan.

AMC Health is a virtual care and remote patient monitoring company based in New York. Through the partnership, AMC Health will help build the communication bridge between GE Healthcare’s patients and its clinicians.

“At a very high level, I would say our top priority is to help clinicians manage patients with chronic conditions,” Banerjee said. “Along with that, we manage pre- and post-acute care. We know readmission penalties are a big cost to hospital systems. With this partnership, we are focusing on reducing costs for the hospital system, optimizing hospital length of stay and ensuring better patient outcomes.”

GE Healthcare does not have a specific target figure for how many patients it hopes to reach with the partnership. However, Banerjee said the need for RPM in patients with chronic diseases is immense.

“The number of people who have multiple chronic conditions is somewhere between 35% and 40%,” he said. “The number of people who have one is even higher, but only about 5% of them have RPM today. We have a presence in nearly every health system in the US, so we hope this partnership will help reach the millions of people who visit the hospital every day.”

Before the COVID-19 pandemic, fewer hospital systems offered virtual care services. Banerjee now suggests that it may be easier to arrange a virtual appointment with a clinician than to arrange one in person.

GE and AMC’s partnership is another example of the digitization of the healthcare space, especially in recent years.

“Openness to home care has really gone up,” Banerjee said. “Having said that, I think what’s extremely important for us is to make sure that the information flow from the clinician’s perspective is complete.”

Today, there are many vendors — especially in the RPM space — that will manage patients and send information to the hospital’s dashboard without verifying that it reaches the main hospital system, Banerjee explained.

This lack of efficiency and gaps in the communication bridge can lead to increased costs, decreased patient outcomes, and a drastic drop in satisfaction.

“Our goal is to create a continuum of care where information about a patient being monitored at home reaches the clinician at the right time,” Banerjee said.

There are still regional and age barriers that need to be addressed in home care.

GE Healthcare hopes that this latest development and partnership is a step in the right direction to close some of these gaps.

“Getting access to our data is usually quite difficult,” Banerjee said. “When we implement remote patient monitoring and seamlessly connect information at home with information in the hospital, then we can really empower patients to take care of themselves.”

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