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Interview: Monish Patolawala

Monish Patolawala is the GE Healthcare chief financial officer. He was previously chief financial officer for GE transportation. He is responsible for driving the financial strategy and operational performance of GE Healthcare’s US$18 billion business unit of General Electric, a business that provides medical technologies to the global healthcare industry
Monish Patolawala, vice president and chief financial officer, GE Healthcare

Vice-president and chief financial officer, GE Healthcare

What advantages are there for using a public-private partnership (PPP) and managed equipment service (MES) versus straight investment by governments?

PPP and MES projects usually require a team of private companies who agree to supply outcome-based solutions to the implementing agency. This takes the burden off the government to monitor/measure how the service is being provided, and pays only if the service meets certain criteria (such as guaranteed performance of the medical technologies). The risks are thereby transferred to the private sector throughout the life cycle of the project and will positively contribute to the overall value of the investment. It also enables access to newer technology innovations.

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