AMSTERDAM, the Netherlands – Royal Philips and Banner Health have signed a 15-year agreement to expand on their joint connected health care programs.
“If we are to make a difference in patient’s lives, we need to work collaboratively with innovative technology partners such as Philips,” said Peter Fine, president and CEO of Banner Health, in a statement.
The agreement leverages 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. 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.
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. They intend to look at how the healthcare network can take a more connected approach to care, such as cardiology by incorporating advanced imaging and interventional technologies, genomics, digital pathology and data analytics.
In addition, as part of the agreement, they will evaluate innovative services and business models that may enable Banner to adopt the latest in healthcare technologies, regardless of vendor.
“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 Fine. “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.”
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 facilities that offer family, home care and hospice, and nursing services. It operates in six states: Arizona, California, Colorado, Nebraska, Nevada and Wyoming.