AMSTERDAM, Dec. 13, 2016 /PRNewswire/ -- As health
systems seek new cost-effective ways to manage their growing
populations in an era of value-based care, Royal Philips (NYSE:
PHG, AEX: PHIA) today announced the acceptance for publication of a
study in CHEST1 that demonstrates the benefits of
intensive care unit (ICU) telemedicine. The study results establish
that the Philips eICU Program with centralized bed management
control increased case volume by up to 44 percent and improved
contribution margins by up to 665 percent, or $52.7 million.
The study assessed three clinical models of ICU care over time:
1) traditional ICU care without telemedicine, 2) centralized
tele-ICU care, and 3) tele-ICU care with a logistical center to
improve ICU bed utilization.
Researchers compared case volume (number of patients cared for)
and contribution margins (total case revenue minus direct costs,
including costs of the eICU Program) for each model that
revealed:
- An Intensive Care unit managed by a tele-ICU improved case
volume by 21 percent over traditional models
- A centralized tele-ICU model of care improved contribution
margins by 376 percent ($37.7 million
compared to $7.9 million) due to
increased case volume, shorter lengths of stay (LOS) and higher
case revenue relative to direct costs
- A tele-ICU, when co-located with a logistical center, improved
case volume 38 percent over traditional models
- A tele-ICU with added logistical center and quality care
standardization improved contribution margins by 665 percent
($60.6 million compared to
$7.9 million)
- This care delivery model allowed recovery of the initial
capital costs of the ICU telemedicine program in less than 3
months
The study, entitled "ICU Telemedicine Program Financial
Outcomes," was authored by Craig M.
Lilly, M.D., Professor of Medicine, Anesthesiology and
Surgery at the University of Massachusetts
Medical School and Director of the eICU Program at UMass
Memorial Medical Center. The study looked at more than 51,000
patients across seven adult ICUs on two campuses of an 834 bed
academic medical center. While tele-ICUs have previously been
associated with improving mortality rates and length of stay, this
study is the first to address in depth the financial
outcomes.
"The ability of tele-ICU programs to increase case volume and
access to high quality critical care while improving margins
suggests a strong financial argument for wider adoption of ICU
telemedicine by health systems and intensivists," said Dr. Lilly.
"It has been well documented that properly implemented telehealth
programs can have a significant impact on patient outcomes, and
this study now supports the financial investment behind it."
"An ICU bed costs approximately $2 million to build, and this
study demonstrates a significant increase in case volume by better
utilizing existing resources," said Tom Zajac, Chief Executive
Officer and Business Leader, Population Health Management, Philips.
"This shift enables care for expanding populations without having
to build and staff additional ICU beds, thus helping hospitals
thrive in a value-based care environment."
The Philips eICU Program is part of a suite of enterprise
telemedicine solutions delivered by Philips to help improve
outcomes, provide better value and expand access to care in both
the hospital and the home. These programs help address multiple
cohorts within a population ranging from the highest acuity
patients in the hospital, to discharge transition and chronic
patient management, to prevention and healthy living for the
general population. These programs, which are part of the larger
Philips Population Health Management approach, use a common
proactive care model to clinically transform the delivery of care
to address growing clinician shortages while helping to improve
patient outcomes.
Philips will be showcasing the eICU Program and the launch of
CensusMosaic as part of its Tele-ICU software suite eCareManager at
the 46th Critical Care Congress (SCCM) in Hawaii January 21-25
2017. Our comprehensive portfolio of advanced analytics
solutions in Population Health Management will also be at the HIMSS
Conference and Exhibition in Orlando,
Fl, Feb. 19-23, 2017. For more
information on Philips' presence at HIMSS, visit
http://www.usa.philips.com/healthcare/about/events-calendar/himss.
For more detail on the full suite of Philips clinical telemedicine
programs, visit www.philips.com/telehealth.
For further information, please contact:
Kathy O'Reilly
Philips Group Communications
(o) 978-659-2638 (m) 978-221-8919
Kathy.oreilly@philips.com
Twitter: @kathyoreilly
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 2015 sales of EUR 16.8 billion and employs approximately 70,000
employees with sales and services in more than 100 countries. News
about Philips can be found at www.philips.com/newscenter.
1 Lilly CM, Motzkus C, Rincon T, et al.
ICU Telemedicine Program Financial Outcomes. Chest.
http://dx.doi.org/10.1016/j.chest.2016.11.029
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/new-study-demonstrates-improved-patient-flow-and-financial-benefits-of-philips-eicu-program-for-managing-critical-care-populations-300377182.html
SOURCE Royal Philips