• Accelerating co-development of technology & care delivery
for a rapidly evolving healthcare market, the partnership aims to
deliver solutions to help make a meaningful impact in patient
health
• Clinical transformation includes fully integrated end-to-end
approach in Imaging, patient monitoring and telehealth to enhance
care across the health continuum
Royal Philips (NYSE: PHG, AEX: PHIA) a leading health technology
company, and Arizona-based Banner Health, today announced a
multi-year partnership intended to further innovate and expand on
their successful joint connected healthcare programs such as the
Intensive Ambulatory Care (IAC) pilot and
telehealth programs. The two organizations will collaborate,
leveraging Philips’ knowledge and research in connected care and
population health management (PHM) and Banner’s deep clinical and
operational insights to identify and deliver integrated solutions
that are intended to improve the health of Banner’s patients. At
the same time, the partnership will look to create best practices
that enable Banner to improve the patient experience and,
ultimately, transform healthcare for patients across the
Southwest.
Headquartered in Phoenix, Banner Health is one of the largest,
nonprofit health care systems in the United States, managing 28
acute care hospitals, the Banner Health Network and Banner Medical
Group, long-term care centers, outpatient surgery centers and an
array of other services including family clinics, home care and
hospice services, and a nursing registry. Banner Health operates in
six states, including Arizona, California, Colorado, Nebraska,
Nevada and Wyoming.
As part of the agreement, Banner and Philips will create a
governance structure that will allow both organizations to identify
solution delivery projects and innovative technologies that can
help improve the patient experience and outcomes. Banner and
Philips are committed to driving innovation in health management
and intend to look at how the healthcare network can take a more
connected approach around health spaces such as cardiology by
incorporating advanced imaging and interventional technologies,
genomics, digital pathology, and data analytic. In addition, it is
anticipated that the partnership will evaluate innovative services
and business models that may enable Banner to adopt the latest in
healthcare technologies, regardless of vendor, in order to deliver
on their mission to make a difference in people’s lives through
quality patient care.
The agreement will also give Banner access to Philips solutions
such as ‘PerformanceBridge Practice,’ which is a radiology practice
management solution, in order to help drive operational
efficiencies in the health network’s extensive inpatient and
outpatient imaging capabilities. This new, value-based radiology
toolset, delivered by Philips’ Radiology Solutions business, can
help improve operational performance across the Banner enterprise.
The program involves a phased approach that is designed to: 1)
understand and benchmark current imaging performance, 2) optimize
performance to improve efficiency, clinical quality and patient
experience, and 3) facilitate delivery of appropriate and
sustainable imaging to improve management of at-risk patients,
optimize access, and retain patients within target markets.
“We have always taken a long-term view of our business, and
realized very early on that the current healthcare system was not
sustainable,” said Peter Fine, President and CEO of Banner Health.
“With legislation driving reform, we knew that we needed to manage
population health and essentially keep people healthy and out of
the system to reduce costs, while ensuring better patient
outcomes.” Fine added: “If we are to make a difference in patient’s
lives, we need to work collaboratively with innovative technology
partners such as Philips.”
Building on a successful pilot study to demonstrate how
telehealth solutions can support connected health initiatives and
better manage care for patients with multiple chronic conditions,
earlier today, Philips and Banner Health announced results1 showing
significant decreases in both patient healthcare costs and
hospitalization rates. As part of the overall telehealth program at
Banner, the IAC pilot program treats patients with complex medical
situations due to multiple chronic conditions. Across the nation,
these types of patients generate 50 percent of overall healthcare
spend2. The results of this latest cost analysis reveal that the
initial benefits for Banner from Philips’ IAC program have been
expanded upon, increasing the rate of improvement in reducing
hospitalizations, readmissions and healthcare costs, and
ultimately, improving patient outcomes overall.
“As a dedicated partner with deep industry expertise and
technology solutions that are co-developed with leading healthcare
networks such as Banner, we are accelerating the transformation of
healthcare through proven health management programs,” said Brent
Shafer, CEO of Philips North America. “Our long-standing
collaboration with Banner has shown that keeping people healthy and
empowering them to take a more active role in their care, allows
health systems to expand access, manage costs and improve
outcomes.”
Banner is the latest healthcare network to sign a long-term,
strategic partnership model with Philips. In less than eighteen
months, Philips has signed five long-term, strategic partnerships
in North America including Westchester Medical Center Health
Network (15-year term), Mackenzie Health (18-year term), Marin
General Hospital (15-year term), and the Medical University of
South Carolina Health (8-year term). Globally, Philips has a
substantial number of long-term strategic partnerships in place,
demonstrating significant productivity improvements for pioneering
Philips partners, including Royal Belfast and Ashford St. Peters,
and the New Karolinska Solna (NKS) hospital in Sweden.
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. Headquartered in the Netherlands, Philips' health
technology portfolio generated 2015 sales of EUR 16.8 billion and
employs approximately 69,000 employees with sales and services in
more than 100 countries. News about Philips can be found at
www.philips.com/newscenter.
About Banner Health:
Headquartered in Arizona, Banner Health is one of the
largest nonprofit health care systems in the country. The system
owns and operates 28 acute-care hospitals, Banner Health Network,
Banner – University Medicine, Banner Medical Group, long-term care
centers, outpatient surgery centers and an array of other services,
including family clinics, home care and hospice services,
pharmacies and a nursing registry. Banner Health is in six states:
Arizona, California, Colorado, Nebraska, Nevada and Wyoming. For
more information, visit www.BannerHealth.com.
1 Dahl, D., Khurana MD, H. (2015). Impact of an intensive
ambulatory program on both financial and clinical outcomes in
Banner Health, revisit the initial cohort with extended follow-up.
Unpublished internal study.2 Department of Health and Human
Services, AHRQ, The Concentration and Persistence in the Level of
Health Expenditures over Time: Estimates for the U.S. Population,
2008-2009.3 This number represents the patients enrolled in the IAC
program who had data available beginning one year prior to entering
the IAC program, and one year of data after entering the
program.
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version on businesswire.com: http://www.businesswire.com/news/home/20170123005563/en/
Philips Group CommunicationsKathy O’ReillyTel.: (o) 978-659-2638
(m) 978-221-8919Kathy.oreilly@philips.comTwitter:
@kathyoreillyorPhilips North AmericaSilvie CasanovaTel.: (o)
978-659-7467, (m) 781-879-0692silvie.casanova@philips.comorBanner
HealthBill ByronTel: (o) (602)
747-4702bill.byron@bannerhealth.com
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