Philips & Westchester Medical Center Health Network Announce USD 500 Million, Multi-Year Enterprise Partnership to Transform ...
June 16 2015 - 2:00AM
Business Wire
- 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
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.
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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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150615006583/en/
Philips Group CommunicationsKathy O’Reilly,
978-659-2638Kathy.oreilly@philips.comTwitter:
@kathyoreillyorPhilips North AmericaSilvie Casanova,
978-659-7467silvie.casanova@philips.comorWestchester Medical Center
Health NetworkKara Bennorth, 914-493-7805BennorthK@WCMC.com
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