In effort to drive healthcare transformation, The Academy Philips
Innovation Institute to study delivery reform programs & best practices
ANDOVER, Mass. -- (Business Wire)
Philips and The Health Management Academy (The Academy) today announced
they would be teaming up for the next three years on an educational
initiative to launch The Academy Philips Innovation Institute, which
will allow executives from the nation’s leading health systems to
collaboratively study the effects of delivery reform programs and help
establish best practices. Moreover, as part of The Academy
Collaboratives (The Collaboratives), Philips will act as a participant,
bringing its expertise, insights and best practices to foster dialog and
brainstorming in support of discussion by healthcare executives on the
key challenges facing U.S. health systems. These include discussions
around population health management (PHM), big data, cybersecurity,
Medicare Access and CHIP Reauthorization Act (MACRA) and consumerization.
The Academy Philips Innovation Institute is the latest Philips effort to
drive healthcare transformation, which includes working with leading
academic institutions. In addition, Philips is helping to establish
best practices in population health management as part of large-scale
vendor partnerships with health systems, like Bon
Secours Charity Health System, part of the
Westchester Medical Center Health Network. Working with key Academy
partners like Banner Health on industry leading technologies around
connected care, and pilot projects such as the Intensive
Ambulatory Care Program and Tele-iCU, Philips has helped Banner
reduce hospital admissions by nearly 50 percent in part by managing
high-cost patients through Philips’ telehealth program. These best
practices can also be shared with other Academy members.
“We continue to extend our care beyond the hospital and focus on
transforming care delivery. We have seen first-hand that value-based
care can not only help lower healthcare costs for our organizations, but
also improve care,” said John Hensing, MD Executive Vice President and
Chief Medical Officer of Banner Health. He continued: “As the health
care industry continues to rapidly evolve, and regardless of what
happens with legislation, we need to deliver the solutions that will
allow us to deliver the best possible care to all who turn to us for any
health care need. The Academy is well-designed to foster collaboration
around best practices.”
Innovation and time to market define success for today’s Top-100
healthcare organizations. To accelerate the use of best practices, The
Collaboratives designed the first Top-100 health system-based shared
learning process which provides a fast-track way for health system peers
to hone in on and respond to specific emerging issues.
Multi-disciplinary teams enable Top-100 health systems to consider,
respond, and implement changes in rapid succession.
“Innovation doesn’t happen in a vacuum and for us to deliver the
technologies and services that can have a meaningful impact on the U.S.
healthcare market, we need to work collaboratively with The Academy and
its members, to understand the challenges they face and how we can help
reduce complexity and cost, while improving patient outcomes,” said
Brent Shafer, CEO of Philips North America. “As a leader in healthcare
technologies and long-term partnerships, we have the insights,
established best practices and technological innovations developed in
conjunction with our key partners, which can help The Academy members
get ready for the future of healthcare.”
Philips will showcase its broad range of population health management,
acute healthcare informatics and personal health solutions, fully
integrated in a highly secure, cloud-based ecosystem at the upcoming
Healthcare Information and Management Systems Society (HIMSS) 2017
Annual Meeting and Exhibition. For more information on Philips’ presence
at HIMSS, including Philips participation in the Interoperability
Showcase, Connected Health Experience and Medical Device Security
Symposium, visit www.philips/himss
and follow @PhilipsLiveFrom for #HIMSS17 updates throughout the event.
About The Health Management Academy
Founded in 1998, The Academy is exclusively comprised of executive
members from the country’s largest integrated health systems and a
strategic balance of the industry’s most innovative companies. Executive
members exchange best practices and benchmark information on increasing
the quality and efficiency of healthcare. The Academy is a knowledge
source for identifying and monitoring tactical and strategic issues. The
Academy’s model of educational programming assesses the top priorities
of its members, monitors the organization and development of large
health system executive teams and facilitates structured interaction
among its health system members. The Academy is an accredited CE
provider. More information is available at www.hmacademy.com.
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. Headquartered in the Netherlands, 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'
health technology portfolio generated 2016 sales of EUR 17.4 billion and
employs approximately 71,000 employees with sales and services in more
than 100 countries. News about Philips can be found at www.philips.com/newscenter.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170216006148/en/
Contacts:
Philips North America
Silvie Casanova, 1-978-657-7467
silvie.casanova@philips.com
Source: Royal Philips
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