GE Healthcare has signed a management consulting agreement with Lifespan, a not-for-profit healthcare system in Rhode Island.
In a collaboration that aims to achieve $182 million in healthcare delivery savings over the next six years, GE and Lifespan will implement a capacity optimization strategy aimed at better aligning departments and service lines, improving processes, and optimizing space across the enterprise, according to the vendor.
GE said the two organizations will assess Lifespan's imaging needs and codesign a workforce management system that meets increasing patient demand. The health system will also gain access to data analytics and software tools to help streamline the patient experience, according to the firm.
The agreement features a shared-risk model under which Lifespan and GE have both agreed to outcomes that must be achieved throughout the six-year relationship. The risk-sharing collaboration is the first for GE in Rhode Island and its fifth in the U.S., according to the company.
