Healthcare Reimagined

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Healthcare Re-imagined

• GE Healthcares view on innovations

Jaana Tuominen December 13, 2006
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Who is she?

• Jaana Tuominen, M.Sc. (Eng)
• General manager in GEHC Monitoring Solutions
• President of GE Healthcare Finland Oy
• Joined GE October 2003 through the acquisition of
  Instrumentarium

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General Electric Company
Industrial

• Today
• Portfolio of 1 Global Businesses
• 150B in Revenue
• 2.3B in Research and Development
• 320,000 Employees Worldwide

Infrastructure
Healthcare
Consumer Finance
Commercial Finance
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GE Healthcare

• Technologies

InformationTechnologies
Diagnostic Imaging
Clinical Systems

• 15B global business unit of GE
• 1B in RD
• 43,000 employees worldwide
• Headquartered in Chalfont St. Giles, United
  Kingdom
• Joe Hogan, President CEO

Life Sciences
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Chronic Care Overwhelming Healthcare
Waiting until Late-Disease economically
unsustainable
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Changing the paradigm
Critical information whenever and wherever its
needed
Identify At Risk Patients Earlier
Earlier, More Accurate Diagnosis
Earlier, More Targeted Treatment
Track efficacy of treatment
From Late Disease To Early Health
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Early Health today breast cancer example

• Earlier Detection increased survival1

• Mammography is paramount to early screening and
  patient survival
• For every 1,224 patients screened, one life is
  saved2
• 5-year survival rates have increased from 75 in
  1974 to 88 in 20013
• Mammography has consistently proven to be a
  life-saving, cost-effective test4

1Jemel, et al. (2004) Report to the Nation on
the Status of Cancer 1975-2001, with a Special
Feature Regarding Survival. Cancer. 101 2-27.
2Humphrey, et al., (2002) Breast Cancer
Screening A Summary of the Evidence for the U.S.
Preventive Services Task Force. Annals of
Internal Medicine. 157(5-Part 1) E347-E367.
3Surveillance, Epidemiology, and End Results
Program, 1975-2002, Division of Cancer Control
and Population Sciences, National Cancer
Institute, 2005. 4Mandelblatt. Cost Work Group
of the U.S. Preventive Services Task Force. The
cost-effectiveness of screening mammography
beyond age 65 years a systematic review for the
U.S. Preventive Services Task Force.Ann Intern
Med. 2003 Nov 18139(10)835-42.
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Early Health tomorrow
The Race of Molecular Medicine

• Molecular Diagnostics
• Genomics to assess risk factors in individuals
• In-vitro diagnostics for earlier/more accurate
  disease detection/ characterization
• Molecular Imaging
• Disease characterization
• Locating monitoring of therapeutic efficacy
• Molecular Therapy
• Directed at the disease in an individual patient
• More targeted therapies customize for
  sub-populations vs. one size fits all
• More Targeted Therapies
• Molecular diagnostics critical for optimal
  therapy monitoring

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The ability to lead innovation will be the
primary management focus for this decade.Jeff
Immelt
The problems that exist in the world today
cannot be solved by the level of thinking that
created them.Albert Einstein
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Our innovation
Global Research Center Headquarters Niskayuna,
New York
Global ResearchEurope Munich, Germany
John F. Welch Technology Centre Bangalore, India
China Technology Center Shanghai, China
2.3B in Research and Development
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GEHC considering external partners?

• Yes, we are interested and continuously scouting
• Different type of GEHC goals
• Expanding to new business areas (such as
  Instrumentarium to get into anesthesia)
• New technologies to improve competitiveness in a
  current business
• Enhance product portfolio, maximize distribution
  returns
• High expectations
• Looking for win-win-win situations
• Based on Voice-Of-Customer
• Preferably FDA approved

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Partnering with GEHC?

• Know the global healthcare drivers and how your
  innovation addresses them
• Prepare to present
• Complete business case, including numbers for
  both parties
• Voice-of-Customer
• Clear and reasonable objectives
• Type of relationship supplier, partnership,
  acquisition?
• Win-win-win reasoning

• Cost of healthcare
• Demographic changes
• Increasing privatization
• Evidence-based medicine
• Quality
• e-Health
• Consumerism
• Genomics

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And then be prepared for
What clinical value does this
have? What health economic value does this
have? What overall healthcare value will GE
bring? And what PROOF do you have?
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How does it feel to work at GE?
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A Global Company

• Significant resources and amazing opportunities
  for personal growth
• Continuous learning through assignments,
  colleagues, formal training
• Matrix organization
• Lead by influencing
• Pick you battles
• Practical issues
• Virtual teams and t-cons
• Time zones
• A set of common rules needed

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A Strong Operating System
Operating Managers Meeting
January
Session E
GEOS
February
Session Q
March
Session H
November
April
October
Session C
Session II
May
Growth Playbook
September
August
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GE Actions Values
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Growth Traits Leader

• Creates an external focus that defines success in
  market/industry terms
• Is a clear thinker who can simplify strategy into
  specific actions, makes decisions and
  communicates priorities
• Has imagination and courage to take risks on both
  people and ideas
• Can energize teams through inclusiveness and
  connection with people builds loyalty and
  commitment
• Develops expertise in a function or domain, using
  depth as a source of confidence to drive change

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GE Healthcare

• Common strategic imperatives for all GEHC
  businesses
• Growth
• Simplification
• Quality

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Clinical Systems Business Culture
Customers
Employees
Financials
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Its all about happy customers and healthy
patients

• Innovating
• for
• Early Health