GE HealthCare

And I think that's the importance of the Marquette Alumni Network, too.

Yeah, I just had a – right before I came here, I had a meeting with representatives from GE Healthcare.

Okay.

And another great thing about this is that when you hire someone from Florida to come to Milwaukee, there are certain challenges that they might not be aware of, including the weather.

Thanks very much for joining us, Malcolm and Tim.

Also, thanks very much to our sponsors, BD Advanced Patient Monitoring and GE Healthcare.

Please find all TopMedTalk podcasts on your platform of choice or on the website, topmedtalk.com. Like and subscribe.

But for now, that's all for now.

So thinking about where you should really be allocating your resources is crucial.

The other thing, again, to Audrey's point, when I was at GE Healthcare, I was lucky enough because my boss was very open to letting me look at risk across the board, not just something we owned, but where does risk live? And so, for example, we would look at concessions.

We luckily didn't find anything, but I thought you come up with these hypotheticals.

Where is a lot of money going? You could give a hundred thousand dollar concession to somebody that's actually basically a bribe and nobody, and it's completely outside the remit of compliance.

Uh, born and raised in Pittsburgh, PA.

I studied finance at Penn State, uh, moved out to Milwaukee, Wisconsin in, uh, 2010 to start working for GE Healthcare.

Yeah.

Um, I was there, uh, up through the spring of this past year.

Um, I switched from GE Healthcare to Cisco Systems, um, where I'm currently an account manager, uh, here in North Carolina.

So how do you go from a finance major to a sales guy?

Yeah.

Yeah.

They had both worked at BA Systèmes, a French industrial logistics robotics company before.

And they also worked at GE Healthcare, where they built medical imaging and robotic systems.

Now, what's interesting is the company was basically created by Amazon accidentally.

That's kind of a hot take here, but the reason is Amazon had bought the warehouse robotics pioneer called Kiva Systems in 2012. and then amazon stopped selling the kiva systems to outside customers so the two founders they discussed this reportedly while commuting to ge healthcare and they were thinking so if amazon thinks warehouse robotics is so valuable that they want to keep it to themselves well there must be a huge market obviously they didn't want to explicitly copy kiva systems because the keeper robots mainly moved shelves horizontally but the idea for exotec was what if the robot itself could also climb vertically so this lets you take advantage of the height of a warehouse rather than limiting the storage to shelves that need to be transported on the floor level right And they built a prototype.

It was a very startup-ish prototype.

It didn't even have autonomous navigation.

And here's what he said.

He gathered his top business leaders together, the people who were in charge of all the major divisions of General Electric, and that would be GE Medical, it'd be GE Finance, it'd be GE Aircraft Engines, GE Medical, you know, locomotives and so forth.

And there was only about 15 people in the room, you know, plus some assistants.

And Welch said this, he said, if you are not number one or number two in your marketplace, I will fix you, close you, or sell you.