GE Healthcare introduces scientific laboratory asset services offering to drive down costs of pharmaceutical and biotech firms

Waukesha 22 March 2006Pharmaceutical and biotech firms now have access to a unique, scientific asset services offering from GE Healthcare that can reduce their total service costs by up to 20 percent and optimize their service operations. The GE offering, called Scientific Asset Services, provides R&D labs with single service coverage and advanced tracking technology of assets that are manufactured by a variety of companies.

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Scientific Asset Services is significant at a time when pharmaceutical and biotech firms are facing intense cost pressures, according to Nick Padula, General Manager of Services for the Life Sciences business of GE Healthcare. "One way for these companies to meet earnings targets is to reduce costs, or slow the rate of cost increase", stated Nick Padula. "This offering is about saving customers money by helping them use their R&D assets with the maximum effectiveness and cost-efficiency."

Nick Padula noted that GE is the industry expert for health care providers with a similar offering, called CompreCare, for hospitals. "We are taking a very similar business model and applying it to pharmaceutical and biotechnology companies, leveraging time-tested processes and technologies", he stated.

By working with one service provider instead of with perhaps up to 100, lab managers greatly simplify their service operations and enable their staffs to focus on the core business. Furthermore, proprietary GE technologies help them track maintenance costs in detail, fine-tune service practices, and support sound equipment purchasing and replacement decisions.

Technologies include:

  • AssetPlus asset and maintenance management, which records maintenance activity, condition, operating history, and other data from all devices on a single database, enabling easy access to key management metrics.
  • IntelliMotion asset tracking, which uses radio-frequency identification (RFID) to monitor the location and maintenance status of individual devices.
  • BioInSite remote monitoring, by which GE tracks equipment over secure broadband connections, detecting and often fixing issues without a service technician visit.

"Ours is a total asset management approach", stated Nick Padula. "We inventory all equipment, set it up in a database, and help laboratory managers keep detailed maintenance records. In the long run, they get a clear picture of the total cost of ownership for each device. Service management is centralized, allowing the customer to access critical data instantly and use it to maximum advantage."

Devices covered under the service agreements can include laboratory equipment such as balances, spectrophotometers, pH meters and centrifuges; analytical instruments like gas chromatographs, mass spectrometers and liquid scintillation counters, and highly specialized R&D systems such as pre-clinical imaging systems, bone densitometers, and laboratory automation systems.

GE Healthcare provides transformational medical technologies that are shaping a new age of patient care. Its expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, and biopharmaceutical manufacturing technologies is helping clinicians around the world re-imagine new ways to predict, diagnose, inform and treat disease, so their patients can live their lives to the fullest.

GE Healthcare's broad range of products and services enable health care providers to better diagnose and treat cancer, heart disease, neurological diseases, and other conditions earlier. Its vision for the future is to enable a new "early health" model of care focused on earlier diagnosis, pre-symptomatic disease detection and disease prevention.

Headquartered in the United Kingdom, GE Healthcare is a $15 billion unit of General Electric Company. Worldwide, GE Healthcare employs more than 43.000 people committed to serving health care professionals and their patients in more than 100 countries. More company news is available in the VMW November 2005 article Volcano Corporation teams with Paieon Inc. and GE Healthcare to develop cath lab system with fully integrated IVUS capabilities.


Leslie Versweyveld

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