- Philips to supply innovative medical technologies and consulting
services to improve care delivery across the Health Continuum
- Partnership allows WMCHealth to continue to expand access to
quality care and improve results
- The WMCHealth-Philips partnership aims to improve all care areas,
including radiology, cardiology, neurology, oncology and pediatrics
ANDOVER, Mass. & VALHALLA, N.Y. -- (Business Wire)
Royal
Philips (NYSE:PHG, AEX:PHIA) and Westchester
Medical Center Health Network
(WMCHealth) today announced a multi-year, USD 500 million partnership to
transform and improve healthcare for millions of patients across New
York’s Hudson Valley. The partnership is based on an enterprise managed
services model through which Philips will provide WMCHealth with a
comprehensive range of clinical and business consulting services, as
well as advanced medical technologies such as imaging systems, patient
monitoring, telehealth and clinical informatics solutions. Moreover, the
collaboration aims to redefine how quality care is delivered in all
areas, including radiology, cardiology, neurology, oncology and
pediatrics, as WMCHealth expands beyond a single-campus academic medical
center into a multi-location regional healthcare provider.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20150615006583/en/
Westchester Medical Center (Photo: Business Wire)
The partnership is part of WMCHealth’s transformation to a regional
network as the largest provider of integrated health in the Hudson
Valley. A 1,500-bed health system headquartered in Valhalla, New York,
WMCHealth spans seven hospitals and several campuses and locations,
along with nearly 300 healthcare partner organizations. Its flagship,
Westchester Medical Center, is the only regional resource for complex
medical and surgical interventions, covering 6,000 square miles in eight
counties and serving more than three million people.
“In order for us to make the large-scale improvements that will truly
impact the lives of our patients, we need to think longer term and be
able to adapt quickly as technology evolves,” said Michael D. Israel,
president and CEO of WMCHealth. “Our alliance with Philips not only
gives us access to the latest in connected digital health technologies,
it will allow us to collaborate on pro-active health management and
co-create new patient-centered models of care for the Hudson Valley
area. Together, we are working to keep the Hudson Valley healthy through
a model that supports innovation and transformation in a value-driven
environment.”
The partnership underscores Philips’ commitment to provide new solutions
for hospitals and health systems driven by a fundamental shift in U.S.
healthcare management towards strategic partnerships for creating
long-term patient value, while managing costs, complexity and risk. In
similar long-term partnerships with Philips, hospitals have been able to
significantly improve radiology volumes and cut MRI waiting times in
half. These organizations are seeing a 35 percent reduction in
technology spending, while improving clinical quality.
“With health systems facing increased pressure and more complex
challenges than ever before, and patients starting to take a more active
role in their care, we can no longer accept the status quo,” said Frans
van Houten, CEO of Royal Philips. “Health systems need a dedicated
partner that can bring not just technology, but also deep healthcare and
consumer expertise, resources and solutions that will help accelerate
the transformation of their organization and ecosystem. Our partnership
with WMCHealth reinforces our leadership in long-term, strategic
collaborations, allowing health systems to expand access to quality
care, manage costs and share risk. This allows them to focus on what
matters most: delivering better care to the people in their communities.”
A core part of Philips’ managed services model is the focus on
continuous improvement through collaboration with key health system
partners such as WMCHealth. A joint onsite WMCHealth – Philips team will
work to optimize medical technology deployment and IT integration into a
unified platform that will enhance WMCHealth’s already impressive
operational excellence. With early and ongoing access to the latest
Philips innovations in health technology, WMCHealth will be able to
maximize the effectiveness of its participation in New York’s Delivery
System Reform Incentive Payment (DSRIP) program, aimed at restructuring
the healthcare delivery system by reinvesting in the Medicaid program,
with the primary goal of reducing avoidable hospital use by 25 percent
over five years.
About Royal Philips
Royal Philips (NYSE:PHG, AEX:PHIA) is a diversified health and
well-being company, focused on improving people's lives through
meaningful innovation in the areas of Healthcare, Consumer Lifestyle and
Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of
EUR 21.4 billion and employs approximately 108,000 employees with sales
and services in more than 100 countries. The company is a leader in
cardiac care, acute care and home healthcare, energy efficient lighting
solutions and new lighting applications, as well as male shaving and
grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.
About Westchester Medical Center Health Network
WMCHealth is a 1,500-bed healthcare system headquartered in Valhalla,
NY, spanning seven hospitals and several campuses and locations in the
Hudson Valley. Its flagship, Westchester Medical Center, is the only
regional resource for tertiary and quaternary care, covering 6,000
square miles in eight counties and serving more than three million
people. WMCHealth employs more than 10,000 people, with nearly 3,000
attending physicians. From Level 1 and Level 2 Trauma Centers, the
region’s only children’s hospital, an academic medical center, several
community hospitals and numerous health-related centers, programs and
services, today WMCHealth is the leading and pre-eminent provider of
integrated health in the Hudson Valley.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150615006583/en/
Contacts:
Philips Group Communications
Kathy O’Reilly, 978-659-2638
Kathy.oreilly@philips.com
Twitter:
@kathyoreilly
or
Philips
North America
Silvie Casanova, 978-659-7467
silvie.casanova@philips.com
or
Westchester
Medical Center Health Network
Kara Bennorth, 914-493-7805
BennorthK@WCMC.com
Source: Royal Philips
© 2024 Canjex Publishing Ltd. All rights reserved.