General Electric Company’s GE business arm — GE Healthcare — recently announced that it will soon roll out a software application that will provide superior management of sepsis patient care. The application will enhance the capabilities of Health & Science University (OHSU) hospital’s Mission Control Center. The company stated that its latest algorithm and sepsis tile will be able to detect sepsis more efficiently, before it even strikes a patient.
The sepsis disease is hard to diagnose, and becomes life threatening, if not detected early. GE Healthcare’s new software application will provide its monitoring services for both intensive care unit and general sepsis patients. The tile will not only detect sepsis more promptly, but will also propose actions to improve sepsis patient care. On the basis of the risk-detection signals provided by this algorithm, the OHSU’s mission controllers will take actions to ensure best possible care ofsepsis patients.
The OHSU unveiled its National Aeronautics and Space Administration-style Mission Control Center in July 2017, to coordinate between partner community hospitals and academic health center. The Mission Control Center assists in reducing delays in patient care, enhancing patient transfers, lowers duration of a patient’s hospital stay and fixes disparate data systems. Since its opening, the OSHU’s Mission Control Centre has significantly increased patient transfers to associate community hospitals.
GE Healthcare is a $19-billion business arm of General Electric. It provides state-of-the-art monitoring, medical-imaging, gene-therapy and bio-manufacturing technologies across the globe. In sync with the company’s portfolio-restructuring strategy, this June, General Electric announced that it will separate GE Healthcare and turn it into a stand-alone company. The company plans to sell 20% interest in GE Healthcare and intends to distribute 80% stake to shareholders in a tax-free manner. This spin-off will likely be completed over the next 12-18 months.
General Electric is poised to grow on the back of stronger innovation, strategic restructuring moves, solid international presence and robust end-market sales. However, over the past three months, shares of this Zacks Rank #3 (Hold) company has lost 7.5%, as against 1.7% growth registered by the industry.
Stocks to Consider
Some better-ranked stocks in the same space are listed below:
Federal Signal Corporation FSS sports a Zacks Rank of 1 (Strong Buy). The company pulled off an average positive earnings surprise of 22.48% over the past four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carlisle Companies Incorporated CSL holds a Zacks Rank #2. The company delivered an average positive earnings surprise of 12.85% over the trailing four quarters.
Crane Company CR also carries a Zacks Rank of 2. The company generated an average positive earnings surprise of 3.03% during the same time frame.
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