...HEALTHYMAGINATION AT GE HEALTHCARE SYSTEMS By what means may Gentile have settled on choices diversely without Healthymagination? Each target business sector had its own particular novel particulars. There was no surety that items might be acknowledged in specific markets. This could be because of the way that the businesses are not created or are not develop enough to acknowledge new items. Gentile might need to settle on a choice dependent upon the potential of a given business sector. He might need to do a business sector measuring, make the obtaining force of the client, discover if there were any lawful obstructions, think about the existing rivalry in the zone et cetera. This is like the introductory steps under the Healthymagination process. After directing a statistical surveying his group might then need to settle on the particulars of the item and the value that ought to be set. Disadvantage: This methodology does not tag the level of change over existing items. Gentile might need to secure this dependent upon his business discoveries. He might need to measure what amount of a change might coddle the necessities of the business sector. Accordingly, the new item might have an incremental profit however could possibly be noteworthy enough to provoke the stakeholders to buy GE's items. Without the "vital channel" system the item may not pass introductory testing. This miht bring about the item must be improved, accordingly pushing the cost up further...
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...GE Energy and Healthcare What are the business benefits of using Information Technology to build strategic costumer relationships for GE Energy and GE healthcare? What are the business benefits for their customers? Information Technology helps accomplishing organizational goals. Accessing of facilities has become easier and immediate access of information make it user friendly and helpful. The Operational costs are reduced due to the increased productivity and or efficiency and as a customer like to pay the lowest price possible for products and services this can be transferred down to them. This in turn helps the customers to have a high quality service given to them, increasing their trust in the business. Customer intimacy can also be improved by the decision making done by the feedback received by customers or the monitoring of the systems to improve a product or service. In GE Energy’s customers have a requirement for a consistent and high quality power to be provided, any down time puts the business at risk of huge opportunity cost, and GE remotely monitors and run diagnostics on the equipment. Other companies’ techs were on a planned schedule or using assumptions to provide their service. If a turbine failed than it was too late. The data collected is then manipulated to help make informed decisions on when to service parts and make replacements. What GE has done is have customer intimacy and dependency by the high quality of service provided, consumers now depend on...
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...Dion Giannoukos Monica Chartier Khushboo Thakkar Jaya Singhal 2/17/16 – GE Health Case Analysis The Omega Ultrasound System would be the best choice to green light for the Healthymagination initiative. After assessing all the potential products, we determined that the lack of concrete metrics, difficulty or uncertainty in measuring outcomes, or clinical relevance to the Healthymagination goal rendered the TEEMax, UltraLipo, and HepEcho unfit for launch. We’ve outlined justification for this decision in (Figure 1.), but we believe the Omega system provides the greatest opportunity for meeting Healthymagination standards with the best chance of obtaining definitive evidence to support the certification. The midwives in Indonesia play a central role in Indonesian’s strategy to improve material and child health planning services. 54% of midwives are permanent civil servants (PNS) serving rural areas. Given the significantly lower cost of a midwife assisted birth compared to in a hospital setting with an OB/GYN, a 2010 reported that a midwife would deliver a mean of 64 child births/year. In 2000, the UN initiated the Millennium Development Goals for several countries which included Indonesia. One of the major goals for this initiative was to reduce infant mortality and defects in these countries. Indonesia ranks 100 out of 175 countries, and has an estimated infant mortality rate of 22.4 deaths/1000 live births (United States has 5.87.) The case outlined how midwifes in the...
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...the General Electric Company INTRODUCTION The General Electric Company (GE) is ranked among Fortune 500 as the 6th largest firm in the U.S. by gross profit as well as the 14th most profitable, #7 for executives, #5 best global brand, #82 green companies, #13 most respected companies and #19 most innovated firms. GE divisions include GE Capital, GE Energy, GE Technology Infrastructure and GE Home and Business Solutions. Through these divisions, GE is able to participate in a wide variety of markets, from industrial to lending and insurance. It sells a variety of products like lighting, industrial automation, medical imaging, motors, railway locomotives, jet engines and transmission/distribution of electricity. The company is headquartered in Fairfield, Connecticut and incorporated in Schenectady, New York. It employed 301,000 (131,000 in the U.S.) people as of December 2011. (http://www.ge.com/ar2011/pdf/GE-20120224-10K-20111231.pdf) The company recorded revenues of $142.24 billion during the financial year ended December 2011 (FY2011) this is a 4.58% decrease from FY2010. The decrease in net sales for FY2011 reflects the impact of the current economy here in the U.S. The operating profit of the company was $14.07 billion in FY2011, an increase of 8.9% over 2010. The net profit was $1.45 billion in FY2011. (http://www.marketwatch.com/investing/stock/ge/financials) HISTORY OF THE COMPANY GE was founded in 1878 by Thomas Edison in Menlo Park, NJ. In 1890 Edison started...
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...future? The firm’s strategy for future is to divest consumer-facing assets because of the volatile and highly competitive nature of the consumer facing business, and acquire and boost commercial- facing assets. 3. How does General Electric intend to grow? Does if grow through acquisitions? Yes, the firm grows through acquisitions. Its much-awaited “Alstom” acquisition is set to close halfway through the campaign. The firm’s strategic growth model focuses on building global relationships with sponsors, vendors, Original Equipment Manufacturers (OEM’s), and global mid-market corps. Expanding product franchising is also another key aspect of their model. The firm expects a growth in its EPS in both 2015 and 2016 even as it repositions GE capital and expects gains to equal restructuring. 4. What is General Electric’s competitive environment? Who are its main competitors? The worldwide competition in aircraft jet engines and MRO (including parts sales) is intense. Both U.S. and export markets are important. Product development cycles are long...
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...Peter Demerjian 02/24/2013 ACT 563 Course Project General Electric (GE) Table of Contents Phase 1 Initial Survey and Engagement Development Pages 1-4 Phase 2 Planning Phase Pages 4-8 Phase 3 Work Program Phase Pages 8-12 Phase 4 Field Work Phase Pages 12-19 Phase 5 Findings and Recommendations Pages 19-20 General Electric (GE) seems to be a very high profited company which seems to be growing in profitability based on the way they do business and how they train their employees to be the best at what they do. Based on the articles I have read GE prides itself in training and leading its employees to grow and mature. The culture seems very open to smart and talented business professionals. “If businesses managed their money as carelessly as they manage their people, most would go bankrupt.& The authors believe that for a CEO it is in your and your company's best interest to know what your employees are capable of. This is done by having a file on each employee - not just the basic information, but having interviews with colleagues and superiors. An example is the CEO of General Electric's appliance wing, Larry Johnston. When he decided to quit, the heads of General Electric knew exactly who the candidates were to replace him. On the same day General Electric announced his resignation they also announced his replacement. This is done through what Conaty explains as General Electric's Operating System which has three main phases: people; strategy; and operations...
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...rightfully forced some changes in the deal structure. To win the approval from the French government, GE’s newest proposition involved setting up joint ventures in renewable energy, electricity grid equipment and nuclear power. In fact, the value of the stakes Alstom will own in the three joint ventures is estimated to be about €2.6bn which means that the net cash cost of the deal for GE is about €9.7bn. Moreover, the US and European regulators required the sell-off of part of the GE’s turbine business to the Italian Ansaldo Energia in order to keep the market competitive. Before GE got the “green light” from Paris, there was lot of competition between GE and the joint offer of Siemens and Mitsubishi Heavy Industries for the acquisition of Alstom, even though the board of Alstom favoured GE’s clear and simple offer. Moreover, GE promised to add about 1000 new jobs in France, where it has had large existing operations for decades. On the other hand, the government liked the fact that Mitsubishi-Siemens offer was based on forming a partnership and was not going to be a takeover. Finally, when GE modified its proposal, it won the war. About General Electric General Electric, headquartered in Fairfield, Connecticut (US), is a multinational leading corporation with a highly diversified business. General Electric is a key player in the...
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...Course Project General Electric (GE) Table of Contents Phase 1 Initial Survey and Engagement Development Pages 1-4 Phase 2 Planning Phase Pages 4-8 Phase 3 Work Program Phase Pages 8-12 Phase 4 Field Work Phase Pages 12-19 Phase 5 Findings and Recommendations Pages 19-20 General Electric (GE) seems to be a very high profited company which seems to be growing in profitability based on the way they do business and how they train their employees to be the best at what they do. Based on the articles I have read GE prides itself in training and leading its employees to grow and mature. The culture seems very open to smart and talented business professionals. “If businesses managed their money as carelessly as they manage their people, most would go bankrupt.& The authors believe that for a CEO it is in your and your company's best interest to know what your employees are capable of. This is done by having a file on each employee - not just the basic information, but having interviews with colleagues and superiors. An example is the CEO of General Electric's appliance wing, Larry Johnston. When he decided to quit, the heads of General Electric knew exactly who the candidates were to replace him. On the same day General Electric announced his resignation they also announced his replacement. This is done through what Conaty explains as General Electric's Operating System which has three main phases: people; strategy; and operations and budgets.” (2)...
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...Study Case from Modern Banking by Shelagh Heffernan - Kidder Peabody Group – ‘‘But Leo’’, said Alan Horrvich, a third-year financial analyst at General Electric Capital Corporation (GECC) in September 1987: ‘‘I don’t know anything about investment banking. If I walk in there with a lot of amateurish ideas for what he ought to do with Kidder, Cathart will rip me apart. OK, you’re the boss, but why me?’’ ‘‘Look Alan’’, replied Mr Leo Halaran, Senior Vice-President, Finance of GECC: ‘‘we’ve got ten thousand things going on here right now and Cathart calls up and says, very politely, that he wants somebody very bright to work with him on a strategic review of Kidder Peabody. You’re bright, you spent a semester in the specialised finance MBA programme at City University Business School in London, you earned that fancy MBA from New York University down there in Wall Street, and you are available right now, so you’re our man. Relax, Si isn’t all that tough. If you make it through the first few weeks without getting sent back, you’ve got a friend for life. . .’’, he ended with a grin. ‘‘Me.’’ Mr Silas S. Cathart, 61, had retired as Chairman and CEO of Illinois Tool Works in 1986. He had been a director of the General Electric Company for many years and was much admired as a first-rate, tough though diplomatic results-oriented man- ager. After the resignation of Mr Ralph DeNunzio as Chairman and CEO of Kidder Peabody following the management shake-up...
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... Indian CA Languages: English, Hindi, Gujarati USA 92301 Date of Birth: September 25th 1983 Mobile: 0413232560 OBJECTIVE: Seeking a mutually rewarding position in accountancy & finance, which will utilise my skills and ability and provide a room for personal growth. SUMMARY: Ability to pay attention to the details. Strong organisational methods. Well developed interpersonal skills. Effective as a team member and comfortable in leading one. Self motivated and determine. EMPLOYMENT AJ GROCERY ( Australia) Working as part time, doing customer service sell of the goods to the customer taking cash. GE CAPITAL (CUSTOMER SERVICE) (CARDS UNDERWRITING) – U.K March 2007 – February 2008 GE capital bank/ GE Money, as card underwriter associate. My main responsibilities are checking customers credit history, taking decision about credit limit. Also I got authority to accept or decline application. My team leader name was Linda Brook My main duty was to handle the call of the high street store and check the credit history of the customer and issue them the store card or the master card if there credit rating are fine. Halifax plc (HBOS)(May 2006 –May 2007) Administrator – U.K I was appointed as administrator where I have to do Scaning and sorting the documents and also working with other departments like data enty, microfilming as a part of the administration work. Orange (September 2004...
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...Case Study: GE Healthcare In India: An (Ultra) Sound Strategy? What are the basic facts? GE Healthcare India, a joint venture between General Electric (GE) and the Indian multinational Wipro Ltd., had ended the 2005-2006 year with a significant rise in sales of 10% since last year. They were the market leader in the $77 million ultrasound machine market, beating its competitors, which included Siemens, Toshiba and Philips. The president and CEO of GE Healthcare India, V. Raja read the newspaper headlines which described how government officials in Hyderabad had been confiscating ultrasound machines that they suspected were being used illegally to determine the sex of unborn children. The article featured a poster for GE ultrasound machines, a police officer wrapping up an ultrasound machine and a pregnant belly (Wicks, 2014). As a result of these news articles, 102 clinics had their registrations suspended, police seized 112 ultrasound machines and three suppliers, including Wipro GE Healthcare had been accused of supplying machines to clinics without registering them with the government. This controversy could affect GE Healthcare India’s sales for the next fiscal year and its reputation. What are the ethical issues? The 2001 Indian census revealed that there were 927 girls to every 1000 boys, down from 945:1000 in 1991 and 962:1000 in 1981. By 2001, 14 districts had a ratio of less than 800:1000. A 2006 study confirmed, after analyzing data from more than 1.1 million...
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...College of Maine Information Systems With today’s current transition into a digital world of information, it is not a surprise that healthcare industries join in this evolution. From handwritten charts to endless paperwork, the trend for healthcare industries to adopt electronic health records (EHR) has taken hold, and is completely reinventing what we know of health care today. Mercy Medical Center (MMC), a large and very well respected inner-city hospital, has been transitioning from paper charts to electronic health records over the last 5 years. MMC has also adopted additional informatics applications that, when combined with other applications, provide the hospital with a vast network of information that is readily available to healthcare professionals. While the transition to EHR was not an easy task, the advantages of this evolution are immense. “Information technology influences the manner in which nurses practice, how they are educated, and the methods of providing and documenting patient care” (Rivers, Blake, & Lindgren, 2008, para. 2). With the use of informational systems and EHRs in the healthcare setting, the nursing profession has made huge advancements in the quality of patient care. There are two main Hospital Information Systems (HISs) that are used within MMC, they are known as Meditech and GE Healthcare Centricity. The same vendor does not provide the two HISs, however, both are used concurrently in the management and organization of patient...
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...Patient Safety/Quality Care/Improvement Case Study The Patient Safety defines health errors as “the disappointment of a designed action to be finished as planned or the use of an incorrect plan to attain an aim(Longo, D., Hewitt, J. E., Ge, B., & Schubert, S., 2007).” Health errors do not all effect in damage or grievance. Checkup errors that reason damage or hurt are occasionally called avoidable unpleasant actions that are the damage is a reflection to be due to a therapeutic intervention, not principal patient circumstances. Errors consequential in severe injury or death are considered “sentinel events” by the Joint Commission (Longo, D., Hewitt, J. E., Ge, B., & Schubert, S., 2007). The case study, Appearance May Not is Reality, was the focus of this assignment because of privacy practices. The purpose of this assignment was to identify key ethical and legal issues, determine which elements of the Code of Ethics of the American College of Healthcare Executives (ACHE) would help administrators determine the right course of action, identify potential ethics committee actions, and administrator’s role in preventing and addressing the issues in the aforementioned case study. Protected Health Information is the information that you provide us or we create receive about your health care. PHI contains a patient’s age, race, sex, and other personal health information that may identify the patient (Nationwide Children’s Hospital, 2013). The information relates to the patient’s...
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...Table of Contents Executive Summary 2 Introduction 5 Company Background 7 Quality Intitiatives 9 Key Observation Points 11 Comparative Analysis 12 Concluding Remarks 13 Future Recommendations 15 Appendix 17 References 21 Executive Summary Coventry’s roots can be traced back to November 21, 1986, the date the company’s predecessor company, Coventry Corporation, was incorporated. Coventry Health Care, Inc. became a public company in 1991, and is currently listed on the NYSE with ticker symbol "CVH". Since the company’s inception, the building blocks of “The Coventry Model” have remained financial discipline and service excellence. The company’s senior management team has long understood those two objectives need not be mutually exclusive. As an organization, our long-term success depends on the ability to translate our commitment to affordable and accessible health care into real change. We look to four principles to guide us as we strive to provide exceptional value for members, employers, and providers: Easy and Simple Experience Everyone at Coventry is uncompromising in their commitment to ensure that all our customers have an easy, simple, and productive experience – whether enrolling as a new member, refilling a prescription, or filing a claim. Operational Excellence We pay fanatical attention to operational excellence, continually refining the advanced platforms and processes that are essential to what we do: delivering...
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...Healthymagination at GE Healthcare system Étude de cas MAR 754 – Marketing des innovations Présenté par Vincent Lapointe | Eric Lavoie | Martin Larivière Guillaume Therrien | Alexandre Hurtubise | Frédéric Hurtubise Agenda Présentation du mandat Healthymagination Le processus NPI (New Product Introduction) 1. Description 2. Critiques 4. Nouveaux produits 5. Période d’échange 1. 2. 3. Le mandat 1- Est-ce que le NPI est une bonne plateforme pour la croissance de GE et sa clientèle? 2- Quels nouveaux produits GEHS devrait lancer ? 3- Est-ce que tous les produits doivent passer par le processus de sélection Healthymagination ? Stratégie Healthymagination GE a une stratégie de sélection de projets basée sur 3 critères qui favorise la santé, la croissance et la viabilité de l’entreprise : - réduire les coûts / - 15% - accessibilité / +15% - améliorer la qualité des soins / + 15% Le processus NPI - description Le processus NPI - critiques Le processus NPI - Recommandations - Critères de sélection - Critères financiers : rentabilité, marge et payback - Viabilité / acceptabilité - Portefeuille d’innovations - Implication du CFO, balancement des projets/produits - Création d’un poste de CINO - Modèle de Cooper (2001) Description des produits HepEcho TEEmax UltraLipo Omega Besoins clients Diagnostic des maladies du foie et cancer Imagerie pour les chirurgies du cœur Éliminer les cellules de gras sans...
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