WESTCHESTER COUNTY, N.Y. -- Royal Philips and Westchester Medical Center Health Network (WMCHealth) announced a multi-year, $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. A 1,500-bed health system headquartered in Valhalla, 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.
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 operational excellence.
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