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Philips and Westchester Medical Center Health Network announce USD 500 million, multi-year enterprise partnership to transform patient care 2015.06.20

Andover, Mass. and Valhalla, NY, USA - June 16, 2015 - 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. The partnership is part of WMCHealth's transformation to a regional network as the largest provider of integrated health in the Hudson Valley.

Philips interventional imaging technologies to guide minimally invasive treatment.
Photo courtesy Philips
 

Andover, Mass. and Valhalla, NY, USA - June 16, 2015

• 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.

http://www.newscenter.philips.com/  

http://www.wmchealth.org  

Philips diagnostic imaging technogies.
Photo courtesy Philips
 
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.

Philips patient monitoring technologies.
Photo courtesy Philips
 
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.

Westchester Medical Center Health Network
Photo courtesy Philips
 
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.

Westchester Medical Center
Photo courtesy Philips
 
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.

Photo courtesy Philips
 
“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.”

Photo courtesy Philips
 
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.

Photo courtesy Philips
 
“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.”

EchoNavigator

Fusing live X-ray and live echo.
Greater insight and confidence in finding and treating the problem through SmartFusion.
EchoNavigator automatically fuses live 3D TEE and live X-ray in real time so you can intuitively guide your device in the 3D space more quickly.
Photo courtesy Philips

 
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.

Photo courtesy Philips
 
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.


For further information, please contact:

Steve Klink
Philips Group Communications
Tel.: +31 6 1088 8824
E-mail: steve.klink@philips.com  

Silvie Casanova
Philips North America
Tel.: +1 978-659-7467
E-mail: silvie.casanova@philips.com  

Vanessa Bruinsma-Kleijkers
Philips Investor Relations
Tel.: +31 20 5977447
Email: Vanessa.Bruinsma-Kleijkers@philips.com  

Kara Bennorth
Westchester Medical Center Health Network
Tel.: +1 914 493-7805
E-mail: BennorthK@WCMC.com  


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.

Westchester Medical Center Facade.
Photo courtesy Philips
 
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.


Source: Royal Philips

http://www.newscenter.philips.com/  



ASTROMAN Magazine - 2015.05.31

Doctor Evidence Brings Valuable Health Data to IBM Watson Ecosystem

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1923  


ASTROMAN Magazine - 2015.05.09

Philips ActiveSite takes to cloud for first-ever connected lighting platform that manages dynamic LED lighting on Skyscrapers, Bridges, & Monuments

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1917  


ASTROMAN Magazine - 2015.05.09

Philips joins the New NY Bridge Project to bring connected LED lighting to North America's largest, most advanced bridge & highway infrastructure project

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1916  


ASTROMAN Magazine - 2014.12.21

Philips to acquire Volcano to expand global leadership position in image-guided therapy market for USD 1.2 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1850  


ASTROMAN Magazine - 2014.08.09

Philips equips Chelsea Football Club to become the world's first top club to use LED floodlights

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1770  


ASTROMAN Magazine - 2013.10.27

Philips terminates agreement to transfer Audio, Video, Multimedia and Accessories business to Funai following breach of contract

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1580  


ASTROMAN Magazine - 2013.10.06

Philips collaborates with Accenture to create first proof of concept for delivering vital patient data via Google Glass

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1565  


ASTROMAN Magazine - 2013.09.08

Philips presents latest 'digital' consumer innovations at IFA in Berlin

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1551  


ASTROMAN Magazine - 2013.09.01

Philips showcases innovations in cardiology at European Society of Cardiology Congress 2013

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1542  


ASTROMAN Magazine – 2012.09.01

TP Vision unveils a new series of frameless Philips Smart TVs

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1304  


ASTROMAN Magazine – 2012.06.08

GE Healthcare and Philips Healthcare Commend FCC Rule for Wireless Medical Sensor Technologies

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1253  


ASTROMAN Magazine – 2012.05.13

Empire State Building Redefines New York City Skyline With Philips LED Lighting

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1238  


ASTROMAN Magazine – 2012.04.14

Dolby and Philips Unveil 3D HD Format Capable of Bringing Full HD 3D to Glasses-Free 3D Devices

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1219  


ASTROMAN Magazine – 2012.03.18

Philips and the World Association of Sleep Medicine join together to raise global awareness of the importance of sleep

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1206  


ASTROMAN Magazine – 2012.02.12

Philips and Catharina Hospital collaborate to highlight innovation in heart rhythm disorder treatment

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1176  


ASTROMAN Magazine – 2011.12.26

Philips and VU University Medical Center Amsterdam sign agreement for PET/MR scanner

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1131  


ASTROMAN Magazine – 2011.12.14

Philips lights up Zurich's Hardbrücke, Switzerland's largest LED project

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1120  


ASTROMAN Magazine – 2011.05.01

Philips awards EUR 125,000 to help make cities more livable

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=962   


ASTROMAN Magazine – 2011.02.23

Philips and Microsoft Collaborate to Streamline Radiology Workflow and Processes

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=902   



Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, PhD.


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