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GE Healthcare and GE Capital Expand Stimulus Simplicity Program

December 21, 2009

Stimulus Simplicity Program Adds Interest-free Purchasing Option for Centricity Business Revenue Cycle Management Solutions

NORWALK, Conn. & BARRINGTON, Ill.--(BUSINESS WIRE)--As part of its ongoing efforts to facilitate healthcare providers’ adoption of healthcare information technology, GE announced today that it is extending the purchasing options associated with its Stimulus SimplicityTM program – 0% payment terms and deferred payments until 2012* – to include new purchases of its Centricity® Business solution suite. Stimulus Simplicity, launched in June 2009, is a combined offering of GE Healthcare and GE Capital focused on simplifying the electronic medical records/electronic health records (EMR/EHR) purchase for providers ranging from physicians to hospital systems. Designed to remove several of the most commonly recognized barriers to initial investment for healthcare providers, the program also offers a certification warranty** on the EMR solutions from Centricity.


“We found many providers looking beyond EMR to realize the benefits healthcare information technology could bring,” said Vishal Wanchoo, president and CEO of GE Healthcare IT. “We are excited about our ongoing collaboration with GE Capital and the fact it has enabled us to deliver a solution to extend the program’s value.”

Centricity Business delivers proven financial and administrative capabilities to help customers drive organizational efficiencies and improve revenue cycle management. With Centricity Business, customers of all sizes can achieve higher productivity, faster payments, decreased costs, and improved patient service.

As a result of this program expansion, the Stimulus Simplicity payment terms will now be available on all new purchases of Centricity Enterprise, Centricity EMR and Centricity Business.

Since the launch of the Stimulus Simplicity program and the announcement of its first customer (Hazard Clinic in Hazard, Ky.), GE has seen strong interest and demand for the program currently exceeds $140 million in sales opportunities.

“Our customers recognize the valuable and unprecedented opportunity provided by the Stimulus Simplicity program,” said Jim Corrigan, vice president and general manager of GE Healthcare IT. “With Centricity Business added to the offering for new customers, GE furthers its commitment to providing solutions that help ensure healthcare organizations can focus on providing high-quality patient care.”

For more information on the Stimulus Simplicity program, please visit www.gehealthcare.com/hitech.

ABOUT GE HEALTHCARE:

GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

Our "healthymagination" vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality and efficiency around the world. Headquartered in the United Kingdom, GE Healthcare is a $17 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 46,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com.

ABOUT GE CAPITAL:

With over $600 billion in assets, GE Capital offers consumers and businesses around the globe an array of financial products and services. GE Capital is a leader in a number of industries, from airlines, healthcare and energy financing to fleet, franchise and middle market corporate finance. With strong origination capabilities and risk management, GE Capital has deep industry expertise and experience in providing financing solutions for our customers. For more information about GE Capital, visit our website at www.gecapital.com and follow-us on Twitter (@GECapitalNews).

* Nothing herein constitutes a proposal or commitment for any particular sale, purchase or financing transaction. Any such transaction would be subject to credit and other relevant approvals at GE and would be subject to the execution of documentation in form and substance satisfactory to GE. This program is available for a limited time and GE reserves the right to terminate this program at any time in its sole discretion. All equipment, software, services and support are provided by GE Healthcare, a division of General Electric Company. GE does not provide any legal, tax or accounting advice, including any advice regarding the HITECH Act or any Medicare or Medicaid laws or regulations. Please consult your professional advisors for any such advice. Payment in full for the purchase price for any Centricity products will not in any way be conditioned on receipt of HITECH Act reimbursements or incentive payments, if and to the extent any such products may be eligible for any such reimbursements and/or payments, the certification of any such products or demonstration of meaningful use.

** The key terms of the Centricity EMR and Centricity Practice Solution certification warranty are summarized below. Some restrictions and limitations apply. For complete warranty details, terms and conditions, contact HITECH@ge.com.

  • GE Healthcare will use diligent efforts to obtain certification.
  • If GE Healthcare fails to obtain certification within a specified period of time GE Healthcare will credit the standard support services fees (up to a maximum of 6 months).
  • GE Healthcare's obligations under this section apply only to the then-most current version of GE Healthcare's Centricity EMR or Centricity Practice Solution software products and Customer being current on support services, complying with the GE Healthcare service policy and, if GE Healthcare so requires, installing software fixes, patches or updates or migrating to a new or different GE Healthcare software offering.

Contact Information

Corey Miller
Name
Corey Miller
Job Title
Division
GE Healthcare IT, Global Public and Media Relations Manager
Phone
Fax
Mobile
+1 414 469 5499
Email
corey.miller@ge.com