GE HealthCare (Nasdaq: GEHC) + announced today that it entered into a collaboration with Biofourmis to enable safe, effective, accessible care in the home.
The two companies paired up to support the patient journey beyond the hospital setting. Their collaboration leverages combined expertise in innovative care-at-home solutions. They say hospital systems face increased costs of care due to workforce shortages, shrinking bed capacity and increasing readmission rates. At-home care can support recovery and safety while potentially reducing fall risks and hospital-acquired infections.
GE HealthCare and BioFourmis want to enable more patients to go home earlier. They hope to offer an alternative to facility-based care , driving healthy behaviors by managing patients remotely. According to a news release, insights from Biofourmis’ FDA-cleared, AI-guided algorithms can help deliver that personalized care.