Year in review
Fiscal 2016 brought numerous achievements for our Healthcare business, including:
|(1) Segment operating income (SOI) is a non-GAAP measure and our key indicator of each segment’s financial performance. This measure gives us a good indication of the profitability of each segment because it does not include the impact of any items not specifically related to the segment’s performance. We calculate it by taking the operating profit and excluding the impact of restructuring costs.|
A total solution provider
In fiscal 2016, we continued to expand from a product to total solution provider. Our training needs analyses, staffing and equipment, curriculum development and training centre design and management capabilities round out this offering. An example of our complete training solutions is the turnkey healthcare simulation centre that we built and are now actively supporting in Turkmenistan. It will provide this Central Asian country with its first multi-disciplinary medical simulation training.
Partnering to improve medical training
In fiscal 2016, we signed an agreement with the American Society of Anesthesiologists (ASA) to develop an interactive screen-based simulation product. It will provide practicing clinicians with a learning environment in the comfort of their own homes while improving performance management during anesthetic emergencies.
We announced a fellowship program with the International Nursing Association for Clinical Simulation & Learning (INACSL). The program will provide faculties and institutions with the first international standards for best practices in simulation. We partnered with MedAffinity to integrate its Electronic Health Records (EHR) system into our comprehensive LearningSpace centre management system. The EHR system will enhance the realism of healthcare simulation.
In fiscal 2016, we also partnered with original equipment manufacturers (OEMs) to advance healthcare training. Among these projects, we delivered the first integrated medical imaging and physiology simulator to Abiomed for its Impella® heart pump training programs. Abiomed is a leading medical implant device manufacturer.
Five innovations in our portfolio
In January 2016, we launched the NeuroVR™ in collaboration with the National Research Council of Canada (NRC). This neurosurgery simulator offers the world’s most realistic training environment for open cranial and endoscopic brain surgery procedures.
We introduced Athena™, the world’s most sophisticated, high-fidelity female patient simulator. We enhanced our product portfolio by signing an exclusive distributor agreement with Strategic Operations (STOPS) for its medical simulation trauma surgical cut suits. In March 2016, we launched Apollo™, an update of our most popular adult patient simulator. It now includes cardiopulmonary resuscitation (CPR) performance analysis aligned with 2015 American Heart Association (AHA) guidelines. We also introduced the world’s most advanced musculoskeletal (MSK) ultrasound training model for practising MSK joint injections and knee aspirations.