1. Medtech Insight
  2. >>Business
  3. >>Strategy

Exec Chat: GE's Connecting The Dots To Stay On Top

 
• By Tina Tan

Precision health is gathering momentum and this trend brings opportunities for companies to enable a more tailored approach to health care. GE Healthcare's chief strategy and commercial officer Tom McGuinness tells Medtech Insight how the health-tech giant has been working to "connect the dots" to make precision health a reality, and in doing so is allowing the company to sustain growth and stay on top in an evolving landscape.

Businessman
GE Healthcare's Tom McGuinness discusses business strategies

Getting to the top is hard, but staying there is even harder. One can only imagine the weight of responsibility on the shoulders of that person charged with keeping a market leader ahead of the game while beating down potential competitors hungry to take more share. Tom McGuinness is that person who, as current chief strategy and commercial officer at GE Healthcare, is responsible for ensuring the company stays as leader across the broad range of markets it operates in, not least diagnostic imaging, where GE Healthcare has been – and still is – the No. 1 player. (See Medtech Insight's MTI100 league tables to see where GE Healthcare sits in 2017's rankings.)

However, McGuinness does not seem too fazed by this task. He believes that GE Healthcare's established strengths have given him...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Medtech Insight for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Strategy

J&J Bets On Robotics, Cardiovascular To Grow Medtech As Tariff Hit Eases, US Manufacturing Grows

 
• By Shubham Singh

Worldwide medtech sales totaled $8.5bn in Q2, up 6.1%. Sales grew 8% in the US and 4.1% outside the US. Cardiovascular, surgery and vision were the primary growth drivers. Acquisitions and divestitures had net positive impact of 200 basis points, largely due to the acquisition of Shockwave Medical.

PFA Market Surges As UK NICE Opens Doors And US FDA Approves Boston, J&J Incremental Innovations

 
• By Natasha Barrow

The pulsed-field ablation market is surging, with the UK NHS opening doors and FDA updates for major players. Medtech Insight spoke with Steven Mickelsen, founder of Farapulse (the first clinically approved PFA system), about the sector's growth and his new venture, Field Medical.

Medtronic, Philips Cement New Pact To Embed Next-Gen Tech In Monitoring Platforms

 
• By Shubham Singh

Under the terms of the new agreement, Philips will also begin bundling essential supplies – including ECG, noninvasive blood pressure (NIBP) components, and batteries – with its Medtronic-enabled monitors.

HealthAI: ‘Established Regulations Already Exist For Regulating AI In Healthcare Safely’

 
• By Natasha Barrow

Paul Campbell, chief regulatory officer at HealthAI, emphasizes existing regulations for AI in healthcare should not be overlooked as new regulations are developed.

More from Business

Medicare Tricuspid Regurgitation Coverage Decision Big Win For Abbott

 
• By Brian Bossetta

Medicare beneficiaries with tricuspid regurgitation will now have access to an innovative treatment from Abbott that offers a minimally invasive alternative to open-heart surgery.

Waters’ Purchase Of BD Biosciences & Dx Brings Growth Potential Alongside Trade-Offs

 
• By Marion Webb

Waters Corp. will acquire Becton Dickinson’s Biosciences and Diagnostics business for $17.5bn, doubling its TAM to $40B. Analysts praise the flow cytometry addition but see weaker growth in diagnostics.

Medtronic, Philips Cement New Pact To Embed Next-Gen Tech In Monitoring Platforms

 
• By Shubham Singh

Under the terms of the new agreement, Philips will also begin bundling essential supplies – including ECG, noninvasive blood pressure (NIBP) components, and batteries – with its Medtronic-enabled monitors.