Philips, Phoenix Children's Hospital Sign 15-Year, $65M Health Monitoring, Informatics Partnership
By Jof Enriquez,
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Royal Philips has entered into a 15-year, $65 million agreement to provide advanced imaging systems, patient monitoring, clinical informatics, and health IT consulting services to Phoenix Children's Hospital, the first stand-alone children’s health system to sign a long-term, strategic partnership model with Philips.
Phoenix Children's provides inpatient, outpatient, trauma, emergency, and urgent care in 75 pediatric specialties for patients in Arizona and the southwestern United States. The hospital has worked previously with Philips on developing unique diagnostic imaging initiatives to cater to its patient population, and the new deal expands on that collaboration.
“Philips technology provides sophistication in patient diagnosis and strategic foresight that improves the solutions and care our teams deliver,” said Dr. Richard Towbin, Division Chief of Pediatric Radiology at Phoenix Children’s, in a statement. “Together, Phoenix Children’s and Philips developed technologies such as dose reduction using iterative CT reconstructions and pediatric MRI protocols that are now factory standards worldwide. We also have an advanced 3D print laboratory that constructs life-size models of patients’ hearts and other organs, illustrates exact tumor size, and uses post-processing software to study heart and brain physiology using MRI and CT.”
Brent Shafer, CEO of Philips North America, adds, “Phoenix Children’s has helped us to take our innovations in diagnostic imaging to the next level and we look forward to working with them to do the same in the areas of patient care monitoring and informatics, exploring how to apply machine learning and accelerating the transformation of pediatric care.”
Philips in the last 18 months has successfully leveraged existing relationships with European and U.S. hospitals and health systems using the company's MRI, CT, and other diagnostic imaging products to expand into remote patient monitoring, clinical informatics, and population health management. The health technology company says health organizations using its "connected health" offerings can significantly reduce costs and improve outcomes.
Last month, Philips inked a 15-year partnership deal with Arizona-based Banner Health to utilize connected healthcare programs, such as the Intensive Ambulatory Care (IAC) pilot, and telehealth solutions.
Other long-term Philips alliances in North America include those with Westchester Medical Center Health Network (15-years, $500M), Mackenzie Health (18-years, CAD $300M), Marin General Hospital (15-years, $90M), and the Medical University of South Carolina Health (8-years, $36M).
Philips continues to develop new applications to make its integrated packages more compelling for cost-conscious hospital clients. The company debuted at the 2017 Health Information and Management Systems Society (HIMSS) convention last month the IntelliSpace Enterprise Edition, the industry’s first hospital-wide informatics platform with a risk-sharing managed service agreement and scalable pay-for-use model. It also unveiled IntelliVue Guardian Solution, which pairs predictive trend analytics with Philips' wearable biosensor launched last year.
The company also collaborated recently with Bon Secours Charity Health System (BSCHS) to improve population health management and patient care, reports HIT Infrastructure.