GE Healthcare, University System Help Wisconsin Lead in Medical Innovation

Matthew Skoufalos | | Radiology Business | Business Intelligence
The impact of having GE Healthcare in its backyard is driving business in the state of Wisconsin to the tune of $1 billion annually, reports the Wisconsin Business Journal. The other half of the story, according to the Journal, is that scientists at the University of Wisconsin have provided GE with clinical and engineering expertise as well as a steady influx of eager graduates. The partnership affords GE the opportunity to have a de facto research and development arm as well as a co-sponsor for federal grant opportunities. According to an article in the Badger Herald, UW-Madison is one of the top five research universities in the country, flanked by UW-Milwaukee and Marquette University. Some of the imaging tech to emerge from this collaboration includes digital subtraction angiography, 3D MRI, and tomotherapy. The Wisconsin Alumni Research Foundation is another link in the chain, helping to “support research on campus by bringing in revenue through commercializing discoveries,” according to the Badger Herald.

Matthew Skoufalos

Related Content

Orano Med breaks ground on $265M thorium production site
Image-interpretation market scoreboard: Radiologists 72%, others 28%
Lantheus lands rights to budding radiopharmaceuticals for initial outlay of $35M
17 short-term strategies to address the national radiologist shortage
‘SR’ onboards another independent practice, its 1st in the Natural State
Analysis: Allied radiology professionals generate millions of dollars per year in indirect revenues alone

Around the web

Health Imaging
Nearly $800,000 settlement offered to family of man who died during MRI exam

The patient, who was being cared for in the ICU, was not accompanied or monitored by nursing staff during his exam, despite being sedated.

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.