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GE Healthcare to roll out AI-powered Edison Digital Health Platform

GE Healthcare (NYSE:GE) today announced plans for its Edison Digital Health Platform.

The news was part of HIMSS 2022 in Orlando, Florida, where GE Healthcare officials described Edison as a vendor-agnostic hosting and data aggregation platform with an integrated AI engine.

The Edison Digital Health Platform could enable health providers to effectively deploy clinical, workflow, analytics and AI tools, according to GE. The platform accelerates app integration by connecting devices and other data sources into an aggregated clinical data layer.

Open and published interfaces on Edison will support the easy deployment of healthcare providers and third-party developers’ applications into existing workflows. In addition, GE Healthcare plans to integrate and deploy its own apps such as Command Center “tiles” onto the Edison Digital Health Platform.

“Edison Digital Health Platform is being designed to enable healthcare systems to have a single platf…

The 10 largest medtech employers of 2021 – and what their employees really think

Employees of the 10 largest medtech employers are proud of working on life-saving products — with a greater appreciation for diversity and inclusion initiatives.

That was one major takeaway as Medical Design & Outsourcing compiled some current and former employee reviews posted on Glassdoor. (Browse the online version of our Big 100 report.)

Despite the pride, there was also some frustration with big corporate bureaucracy.

Medtech employment in MDO‘s 2021 Big 100 was down slightly from our 2020 and 2019 reports — even as the industry continued to be on the frontlines of the COVID-19 pandemic. It’s worth noting that of the nearly 90 companies in this year’s Big 100 that provided employment data, about half added workers amid the pandemic. Another handful kept their headcounts the same.

The companies are the largest medical device industry employers in our most recent annual Big 100 list, which includes the top 100 medtech comp…

The 100 largest medical device companies in the world

Nearly half a trillion dollars — $421 billion to be exact — that’s how much the world’s 100 largest medical device companies brought in over the past year amid the COVID-19 pandemic.

That’s one of the big takeaways from the Big 100, MassDevice and Medical Design & Outsourcing‘s annual analysis of the worlds’ 100 largest medtech companies. (Check out the full Big 100 rankings here.)

Aggregate revenue for approximately 100 of the largest medical technology companies dropped 1.2% in 2020 compared to 2019. But that’s not bad considering that the worst pandemic in a century was taking place, sparking a global recession in its wake.

Some medtech businesses that played critical roles fighting the pandemic — such as 3M’s Health Care segment and Hologic — even saw revenues increase and rose in the Big 100 rankings as a result.

Check out the full Big 100 rankings here>>

Medtech M&A: The industry’s biggest mergers and acquisitions of 2021

[Image from Jp Valery on Unsplash]

Across 2021, medtech has seen a wide range of mergers and acquisitions covering several areas of devices, pharmaceuticals and more.

Some have gone off without a hitch, while others fell into serious scrutiny as mouthwatering financial figures were revealed and major technologies were acquired.

Here are the 10 biggest mergers and acquisitions in medtech in 2021:

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Women researchers receive a fraction of funding from the world’s biggest medtech companies

The gender divide in medtech extends beyond leadership and into funding for investigational studies by U.S. physicians.

Only 6.7% of physicians who received research payments from the world’s largest medical device companies in 2020 were women, according to an analysis of Medical Design & Outsourcing’s Big 100 list of medtech companies and CMS Open Payments data.

Among the 20 medical device companies that fund research by U.S. physicians are 3M, Abbott, BD, Boston Scientific, Johnson & Johnson (dba J&J Surgical Vision and J&J Vision Care), Medtronic (dba Medtronic, Medtronic Minimed, Medtronic USA, Medtronic Vascular), Royal Philips (dba Philips Electronics), Stryker and Zimmer Biomet.

Together, those companies paid $3.9 million to 312 doctors in 2020, but only 21 were women, receiving a collective $402,600.

Women physicians, on average, received 15.7% of payments from each of the top medtech companies, but accounted f…

GE warns of supply chain strain well into 2022

GE CEO Larry Culp [Photo courtesy of GE]

Medical device makers and suppliers seeking relief from the global semiconductor shortage will have to hold on a while longer.

GE (NYSE:GE) is warning investors that supply and labor shortages are squeezing its Healthcare business this quarter, and that the pressure won’t likely let up in 2021.

GE’s Healthcare business “largely is a supply chain story right now,” GE Chair and CEO Larry Culp said this week, specifically citing semiconductors, resin and logistics as supply chain barriers to meeting “strong, if not robust” demand.

“It has been a bit of a whack-a-mole game in making sure we’ve got what we need to fulfill demand at the levels we’d like to. … We’re really engaging that challenge on a daily basis,” he said Tuesday at the Morgan Stanley Laguna Conference.

The Boston-based conglomerate recently warned those supply constraints “may impac…

GE Healthcare, Baxter among medtech giants inking deals with Amazon Web Services

GE Healthcare (NYSE:GE) and Baxter (NYSE:BAX) are both collaborating with Amazon Web Services for AI and cloud-based solutions.

The strategic collaborations aim to drive the companies’ digital presences forward, with GE Healthcare saying that it will work with AWS to deliver AI and cloud-based imaging solutions, integrated data and clinical and operational insights to hospitals and healthcare providers.

GE Healthcare said in a news release that it plans to offer its AI-based imaging applications and Edison Health Services platform on AWS to help transition healthcare providers around the world from the traditional care delivery model in the hospital settings to a decentralized model that is virtual and distributed. The company noted that the COVID-19 pandemic accelerated the remote care trend and the cloud will enable the care delivery model’s transformation.

Baxter plans to use its collaboration with AWS to develop new digital health solutio…

GE Healthcare turns to AI to boost MR for cancer therapy planning

GE Healthcare (NYSE:GE) recently announced that it has collaborated with Spectronic Medical to make AI-based software for more precise cancer treatment planning.

Spectronic Medical’s AI-based software can be used with GE Healthcare’s AIR Recon DL technology for MR-only based radiotherapy planning for better soft tissue differentiation than traditional CT.

About 60% of cancer patients require radiation therapy, which requires high-quality images to target lesions precisely and preserve healthy tissues. CT images are the gold standard for radiation, but they don’t have soft-tissue contrast.

“By using an MR image and creating a synthetic CT image, our MRI Planner software is designed to improve accuracy, increasing the precision by which radiotherapy can be delivered to the patient, as well as simplifying the physician’s workflow,” said Spectronic Medical CEO Carl Siversson. “Our customers say the benefits are enormous – it could increase …

DTW Podcast: McEvoy gives edge to J&J’s second-mover strategy in digital surgery

Johnson & Johnson may have left the gate than some digital surgery competitors but Ashley McEvoy, executive vice president, worldwide chairman, medical devices, says the company has the technology and the team to win the race.

In an interview with DeviceTalks Weekly Podcast, McEvoy said robotic and digital surgery systems currently on the market have only been adopted by a small percentage of providers, leaving the field open for new competitors like J&J.

“Surgery is a slow adoption business,” McEvoy said,

While offering “huge respect” for the first movers. McEvoy said J&J enjoys market leadership right now in surgery. Its size and reach will open doors for its three digital surgery systems – Velys, Monarch and Ottava.

“We’re going to have a differentiated value proposition doing so in a broad-based healthcare, J&J fashion, not just like a standalone med tech company,” she said.

McEvoy pointed to the team J&J as as…

GE Healthcare launches chest X-ray AI to better spot COVID-19

Officials at GE Healthcare (NYSE:GE) think the company’s new Thoracic Care Suite — a collection of eight AI algorithms from Lunit Insight CXR — could help clinicians in the fight against COVID-19.

The AI suite, launched today, quickly analyzes chest X-ray findings and flags abnormalities for radiologist review, according to GE. It can spot potential pneumonia — a symptom of COVID-19. It can also highlight tuberculosis, lung nodules, and other radiological findings.

“The launch of our Thoracic Care Suite is a part of GE Healthcare’s larger effort to help ensure clinicians and partners on the front lines have the equipment they need to quickly diagnose and effectively treat COVID-19 patients,” GE Healthcare CEO Kieran Murphy said in a news release.

“The pandemic has proven that data, analytics, AI and connectivity will only become more central to delivering care. For GE Healthcare, that means continuing to advance intelligent health and providing inn…