Telehealth - health services delivered remotely via video conferencing - has been enjoying a rapid growth in popularity across the globe. Now, General Electric and Intel have announced a joint venture that will make it even more accessible.
The two businesses have announced that they will go in 50/50 on a project that will create a new company intended solely to focus on "telehealth and independent living." The goal is to allow people who may otherwise be limited by frequent hospital visits to have the freedom to stay at home, while still receiving excellent medical care. In addition, telehealth services allow rural communities access to the medical resources available in major cities - without the hassle of a long trip.
The new company, which will be based in northern California, will target "chronic disease management, independent living and assistive technologies." Louis Burns, currently general manager of Intel's Digital Health Group, will be CEO, while Omar Ishrak, senior vice president of GE Healthcare Systems, will be chairman.
Recently, the state of California announced that it would begin state-wide telehealth implementation. The project is the largest-scale telehealth initiative in the U.S. to date.