- One of the first medical schools in the US, MUSC becomes the fifth
North American institution to engage with Philips in a long-term,
strategic partnership based on enterprise managed services model
- Strategic partnership to focus specifically on integrated, patient
monitoring technologies
AMSTERDAM & CHARLESTON, S.C. -- (Business Wire)
Royal
Philips (NYSE: PHG, AEX: PHIA) and Medical University of South
Carolina Health (MUSC Health), the clinical enterprise of Medical
University of South Carolina (MUSC), today announced an 8-year, USD 36
million strategic partnership to transform and improve patient
monitoring for more than one million patients a year. The strategic
partnership is based on an enterprise managed services model through
which Philips will install, integrate, and manage patient monitoring
systems (including consumables) and software, as well as providing
maintenance, training, and consulting services within a structured
monthly payment model.
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Medical University of South Carolina Health (Photo: Business Wire)
Serving patients across South Carolina and beyond through four hospital
facilities in Charleston and more than 100 outreach sites, MUSC is now
the fifth long-term, strategic partnership for Philips in North America.
As hospital systems move from volume-based to value-based care,
long-term, strategic partnerships are becoming the business model of
choice for hospitals and health systems to better manage the cost and
complexity of their technology investments, while expanding quality
access to advanced medical care for their communities.
Philips is a leader in patient monitoring systems and software, with
more than 275 million patients monitored by Philips systems annually.
Through this long-term, strategic partnership, Philips will provide MUSC
Health with continuous access to standardized, current-state patient
monitoring technology, implementation, and asset management services.
This approach helps MUSC to implement a standardized clinical practice
based on defined monitoring configurations and enable integration and
interoperability with other clinical IT systems. Moreover, MUSC will
have better collection and management of patient data in order to
provide more informed, proactive diagnostic and treatment services,
helping to reduce complications, adverse events, length of stay, and
readmissions.
“We want to give our staff, learners, and patients access to the best
patient monitoring technologies in order to deliver on the highest
quality, safest, and most reliable healthcare through the use of
Phillips patient monitoring equipment across our entire enterprise,”
said Patrick J. Cawley, MD, CEO, MUSC Health. “As one of the leading
academic health centers in the country, whose value proposition is
transforming expertise, learning and discovery into unrivaled
patient-centered care in every setting, partnering with Philips will
help us to meet our goal of delivering an exceptional patient care
experience.”
Long-term, strategic partnership models are well established globally
and have demonstrated significant productivity improvements for
pioneering Philips partners including Royal
Belfast and Ashford St. Peters, and the New
Karolinska Solna (NKS) hospital in Sweden. In less than a year,
Philips has signed four long-term, strategic partnerships in North
America including Westchester
Medical Center Health Network (15 year term); Mackenzie
Health (18 year term); and Marin
General Hospital (15 year term).
“Due to a growing aging population and the rising number of people with
chronic diseases, healthcare providers are seeking more cost-effective
ways to monitor, diagnose, and treat patients,” said Frans van Houten,
CEO of Royal Philips. “As the healthcare industry is evolving,
long-term, strategic partnerships are becoming the business model of
choice, allowing health systems to address value-based models and keep
pace with technology, while improving the patient experience. Together,
Philips and MUSC can offer patients access to more than a century of
experience in healthcare innovation and deliver an exceptional patient
experience and quality care, while managing the rising healthcare costs.”
MUSC is one of the nation’s top academic health science centers, with a
750-bed medical center (MUSC
Health) and six colleges. As South Carolina’s only comprehensive
academic health center providing a full range of programs in the
biomedical sciences, MUSC is engaged in activities statewide. Its campus
is located on more than 80 acres in the city of Charleston, with an
overall population of about 13,000 clinicians, faculty, and staff,
including nearly 3,000 students in six colleges (Dental Medicine,
Graduate Studies, Health Professions, Medicine, Nursing, and Pharmacy)
studying for degrees at the baccalaureate, masters, doctoral, and other
professional levels.
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is
a leading health technology company focused on improving people’s health
and enabling better outcomes across the health continuum from healthy
living and prevention, to diagnosis, treatment and home care. Philips
leverages advanced technology and deep clinical and consumer insights to
deliver integrated solutions. The company is a leader in diagnostic
imaging, image-guided therapy, patient monitoring and health
informatics, as well as in consumer health and home
care. Philips’ wholly owned subsidiary Philips Lighting is the global
leader in lighting products, systems and services. Headquartered in the
Netherlands, Philips posted 2015 sales of EUR 24.2 billion and employs
approximately 105,000 employees with sales and services in more than 100
countries. News about Philips can be found at www.philips.com/newscenter.
About MUSC Health
MUSC Health is the clinical enterprise of
the Medical University of South Carolina (MUSC) comprised of a 750-bed
Medical Center, the MUSC College of Medicine and the physician’s
practice plan. It serves patients across South Carolina and beyond
through four hospital facilities in Charleston and more than 100
outreach sites. Among these are the Hollings Cancer Center, a National
Cancer Institute-designated center, and a nationally recognized
Children’s Hospital. The Medical University was founded in 1824 and has
risen to become a premiere academic medical center at the forefront of
the latest advances in medicine, with world-class physicians and other
scientists and groundbreaking research and technology that is often the
first of its kind in the world.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160519005309/en/
Contacts:
Philips Group Communications
Kathy O’Reilly, +1-978-221-8919
Kathy.oreilly@philips.com
Twitter:
@kathyoreilly
or
Philips
North America
Silvie Casanova, +1-781-879-0692
silvie.casanova@philips.com
or
MUSC
Heather
Woolwine, +1-843-792-7669
woolwinh@musc.edu
Source: Philips
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