GE Healthcare Archives - Medical Design Sourcing

Devices, disease, and digital: Holy Grail of healthcare AI

[Image courtesy of GE HealthCare]

In episode 3 of AI Meets Life Sci, DeviceTalks Managing Editor Kayleen Brown and Pharma and Biotech Editor Brian Buntz sit down with GE HealthCare Chief Digital Officer and GM of Oncology Ben Newton and Haley Schwartz of Catalyze Healthcare to discuss the impacts of AI to screen, diagnose, prognose, and treat cure disease while addressing real-world implementation issues from regulation and liability to clinician trust and adoption. They review the AI challenge of organizing disarrayed informational islands such as technology, clinical protocols, and digital solutions into cohesive, well-developed systems and offer insight into the medtech industry’s progress in this area.

Tune in and subscribe to AI Meets Life Sci on all major podcast channels and follow youtube.com/@DeviceTalks or AI Meets Life Sci YouTube Podcast to ensure you never miss an episode.

The AI Holy Grail for …

How device manufacturers are mitigating high-risk exposure to hospital budgets

Surgical robotics systems are among the most expensive hospital purchases. [Photo via Adobe Stock]

Medical device manufacturers face volatile equipment orders from hospitals in the next couple of years, with some more exposed to capital budget risk than others.

A new report from Moody’s Investors Service identified eight medtech companies with exposure to changes in hospital capital budgets and examined how well they mitigated that risk with recurring or noncapital sales.

This balance is an important consideration for medtech developers of all sizes as hospitals continue to face staffing and budget challenges with no relief in sight. The report also highlights the importance of innovation in overcoming macroeconomic challenges.

“With a potential recession and inflationary pressures driving up hospitals’ cost of labor, utilities and other expenses, medical device original equipmen…

The biggest medical device VC deals of 2022

Enable Injections, which makes the enFuse device, raised $215 million in January 2022. [Photo courtesy of Enable Injections]

Last year was definitely a slower year for medical device VC deals than the year before.

Biofourmis was the only medical device developer in the 10 largest healthcare VC deals of 2022, according to a ranking provided to Medical Design & Outsourcing by Silicon Valley Bank (SVB).

Because we love devices at Medical Design & Outsourcing, we asked SVB for a ranking of 2022’s largest medical device VC deals after Biofourmis, which raised $325 million in its 2022 series D round. (The year before that, CMR Surgical’s $600 million Series D financing round was the largest medical device VC deal of 2021.)

SVB obliged, once again drawing upon its own proprietary information and data from Pitchbook. The dealmakers include device developers with innovative methods for …

5 tips from medtech leaders for the next generation

Mike Mahoney is chair and CEO of Boston Scientific. [Photo courtesy of Boston Scientific]

When interviewing senior executives on our DeviceTalks podcasts I always start by asking how they got into medtech.

Starting at career square one allows us to walk through the decisions that led to their success. I like to spend a few minutes examining those critical crossroad moments when the guests chose to leap into a new opportunity.

These interviews are full of lessons and tips for younger medtech professionals to equip themselves with experience and insights that will help develop them into leaders of the future.

RELATED: Move over baby boomers, former Medtronic CEO Bill George says

You’ll need to listen to our past episodes for every bit of great advice. But we pulled these particularly helpful tidbits to help you build your successful career.

Tip 1: Run to the fire

Michael Mahoney surpri…

GE HealthCare investing $80M in contrast media ingredients plant in Norway

GE Healthcare says its contrast media products are used in more than 100 million procedures globally every year. [Image courtesy of GE Healthcare]

GE HealthCare today announced it is investing $80 million to expand contrast media production capacity in Norway.

The investment will go toward increasing manufacturing capacity by 30% at its active pharmaceutical ingredients site in Lindesnes, Norway. As a result, the investment will create around 100 new jobs.

GE HealthCare officials have committed to addressing the significant global demand for iodinated contrast media. The media enables a host of X-ray and computed tomography (CT) procedures around the world.

Get the full story on our sister site, MassDevice.

Integra plans to shrink the C-suite after executive’s exit

Glenn Coleman is the former COO of Integra Lifesciences. [Photo courtesy of Integra Lifesciences]

Integra Lifesciences (Nasdaq: IART) will eliminate the position of chief operating officer next week — though the office is already empty.

Former COO Glenn Coleman’s last day at Integra was Friday, according to a separation agreement filed with the Securities and Exchange Commission that same day. Coleman was scheduled to start as the new EVP and CFO at Dentsply Sirona (Nasdaq: XRAY) yesterday.

Princeton, New Jersey-based Integra said in SEC filings that it will eliminate the COO position on Oct. 3 “consistent with the company’s succession planning following its CEO transition in late 2021.”

Integra announced in October 2021 that it hired an outsider as its new CEO, picking former Barco CEO Jan De Witte to succeed Peter Arduini, who left Integra to become president and CEO of GE Heal…

GE Healthcare picks AI imaging startups for inaugural Edison Accelerator

GE Healthcare has selected seven companies to test their AI imaging technologies with GE’s Edison Digital Health Platform. [Image courtesy of GE Healthcare]

GE Healthcare and Nex Cubed have selected seven companies focused on artificial-intelligence-augmented medical imaging for the first cohort of the Edison Accelerator in Canada.

The companies will be matched with mentors and test their technologies with GE’s new Edison Digital Health Platform over the next three months. The program will end with innovation showcase presentations to potential investors and customers, and some startups could have their products distributed through the GE Healthcare Marketplace.

The cohort’s six startups are:

16 Bit, a physician-founded startup that uses routine chest, spine, pelvis, knee or hand x-rays with computer-aided detection and notification software for low bone mineral density prescreenin…

GE Healthcare says recovery in supply of contrast media is on the way

GE Healthcare says its contrast media products are used in more than 100 million procedures globally every year. [Image courtesy of GE Healthcare]

GE Healthcare (NYSE:GE) announced today that it is on the way toward restabilizing its global supply of iodinated contrast media — a vital imaging agent.

The company said its Shanghai facility, previously closed amid COVID-19 restrictions in China, will be close to 100% production capacity by next week. Said GE: “We will continue to work with impacted customers to help them plan several weeks ahead as supply progressively recovers.”

According to a recent New York Times report, thousands of Americans have had to wait for exams because of the shortage. As related by NYT, FDA Commissioner Dr. Robert Califf described the situation as “just unbelievable” while testifying to a U.S. Senate committee. “Someone with a stroke or heart attack wouldn’t b…

The cloud is transforming medtech: Amazon, Microsoft, Google, J&J, Philips and GE Healthcare leaders explain

[Illustration via Adobe Stock]

Leaders in medtech and cloud computing discuss payoffs and potential in device connectivity, product development and cross-industry partnerships.

If knowledge is power, that power comes from a steady stream of information, and we know there’s no shortage of that in healthcare.

The challenge has long been how to capture that information, store it, analyze it and deploy it to improve medical product design, manufacturing and the health of patients.

Then came the cloud, and with it a host of acronyms: software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and — following the same convention — software as a medical device (SaMD).

Over the past few months, Medical Design & Outsourcing connected with leaders in medtech and cloud computing, including the three largest providers of cloud computing services: Amazon (Nasda…

May 2022 Issue: The cloud is transforming medtech

The cloud is transforming medtech: Amazon, Microsoft, Google, J&J, Philips and GE Healthcare leaders explain

How DeepWell is developing video games as tools for treating medical conditions

Digital therapeutics open up new opportunities in medicine

Harnessing the power of cloud computing

When Johnson & Johnson and Microsoft announced a deal earlier this year to use cloud computing to support digital surgery, executives on both sides spoke with Medical Design & Outsourcing about how the partnership could advance medtech.

That started a series of conversations with leaders at cloud computing giants Google, Microsoft and Amazon — and on the device side at Johnson & Johnson, Philips and GE Healthcare. We consistently heard that the COVID-19 pandemic accelerated cloud adoption not only for medical records and telehealth, but also for manufacturing operations, supply chain management and making new vaccines, therapies and d…

FDA approves GE Healthcare software that automates anesthesia, reduces greenhouse gas emissions during surgery

GE Healthcare recently announced that it received FDA premarket approval for its End-tidal (Et) Control software for general anesthesia delivery.

The software is cleared for use with GE Healthcare’s Aisys CS2 anesthesia delivery system. The Chicago-based company initially released the technology in Europe in 2010 and is currently used in over 100 countries.

Et Control software semi-automates the delivery of anesthesia using software to allow anesthesia providers to set targets for end-tidal oxygen and anesthetic agent, according to the company. The software quickly achieves and maintains set targets and improves anesthesia delivery accuracy while simplifying the workflow and reducing drug waste.

“In the past, we continually adjusted vaporizer setting and fresh gas flow to control inspired concentration in an attempt to achieve and maintain the end-tidal concentration we wanted for our patients. To have direct control of the end-tidal concentration …

Innovations coming out of HIMSS 2022 you should know

Companies are announcing a range of innovations in digital health, cybersecurity, AI and more at HIMSS 2022.

The Healthcare Information and Management Systems Society (HIMSS) Global Health Conference and Exhibition runs March 14–18, 2022, in Orlando, Florida. It’s an annual health information and technology event where professionals can connect to learn more about innovations in the industry.

Here are some of the healthcare IT innovation announcements made at HIMSS22:

1. Philips expands medical device cybersecurity portfolio

Philips is expanding its medical device cybersecurity services to include remote access management. The new Remote Access Management Service increases uptime, clinical performance and advanced security to protect access to healthcare providers’ clinical solutions and medical devices. It combines SecureLink’s critical access management and governance technology with Philips Remove Services’ secure connectivity …