GE HealthCare Korea said it has signed a business agreement with LG Electronics and Microsoft Korea to innovate the healthcare industry and develop and build smart hospitals.
GE HealthCare Korea CEO Kim Yong-duk, Microsoft Korea CEO Cho Won-woo and LG Electronics Vice President for Business Solutions (BS) Jang Ik-hwan signed the agreement.
Through this agreement, the three companies will continue collaborating based on their expertise in medical equipment and medical tech solutions, smart hospital operation solutions, and cloud and platforms. They will also develop and propose joint operating models for next-generation medical equipment, AI medical solutions, and digitization of work and promote the discovery and construction of smart hospitals.
GE HealthCare Korea will provide technologies for digital medical solutions, including the latest medical equipment applied throughout the treatment process, command centers that support new hospital planning and operational efficiency, and the use of digital twins.
LG Electronics will provide technologies for a smarter hospital environment, including communication networks, smart monitors, medical robots, and displays.
Microsoft Korea will collaborate on building a platform for seamlessly utilizing digital solutions, including advanced AI algorithm models, Azure OpenAI, which can be applied to hybrid cloud and healthcare, and Microsoft Teams for smarter communication among medical staff.
The three companies are united by a common goal of improving healthcare efficiency and building smart hospitals.
GE Healthcare provides advanced medical imaging equipment, including CT, MRI, and ultrasound, and is leading the way in precision medicine. This type of medicine combines digital and AI capabilities to improve diagnostic accuracy and integrates data about a patient’s entire treatment process to improve care efficiency.
Microsoft’s cloud platform, Azure, can manage large-scale medical data, supporting medical data security, compliance, and interoperability, taking into account the specifics of the healthcare industry, and has been trusted as a partner for healthcare systems by collaborating with various global healthcare companies to advance their cloud capabilities.
Since December last year, LG Electronics has been actively promoting projects to improve the hospital environment, including a Proof of Concept (PoC) for digital healthcare implementation with Korea University Eye Cancer Hospital to build a secure communication network using LG Electronics Private 5G in the healthcare system.
“As the healthcare industry faces the challenges of digital transformation and improving medical staff burnout, we are very pleased and proud to collaborate with the world’s leading companies in smart technologies and platforms,” GE HealthCare Korea CEO Kim said. With the world-class technologies of the three companies, we will contribute to the construction of smart hospitals in Korea by proposing a wide range of solutions.”
“We are very pleased to sign an agreement with GE Healthcare and LG Electronics to transform the Korean healthcare industry and build smart hospitals digitally,” Microsoft Korea CEO Cho said. “Microsoft Korea will continue to contribute to the development of the Korean healthcare industry and improve patients’ health by utilizing various AI technologies, including Azure Open AI services.”
“LG Electronics has a wide range of B2B products and solutions that smart hospitals need, including medical monitors, signage Chloe robots, electric vehicle chargers, and private 5G,” said LG Electronics Vice President Jang. “Through the collaboration of the three companies to build a smart hospital, we will contribute to developing the domestic healthcare environment and provide patients with a better healthcare experience.”
A smart hospital is a next-generation hospital where all data from hospital registration, imaging, diagnosis, and post-monitoring are connected to streamline medical staff workflows and improve patient outcomes by increasing efficiency through cloud, AI, and IoT networks. Improving the operational efficiency and treatment outcomes of hospitals helps improve the quality of life of local communities and patients, and domestic hospitals are gradually adopting smart hospital systems, starting with major hospitals, according to GE HealthCare Korea.
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