Philips has signed at 15-year partnership agreement with Phoenix, Arizona-based Banner Health 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 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.
As part of the deal, 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. The two parties 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. In that sense, Banner will get access to Philips solutions such as “PerformanceBridge Practice,” which is a radiology practice management solution that helps drive operational efficiencies in the health network’s extensive inpatient and outpatient imaging capabilities.
“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,” Brent Shafer, CEO of Philips North America, said in a statement. “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 Health is one of the largest, nonprofit health care systems in the United States, operating in six states, including Arizona, California, Colorado, Nebraska, Nevada and Wyoming. It, however, is not the only healthcare network to sign a long-term, strategic partnership deal with Philips. In less than eighteen months, the Dutch giant has entered into similar partnerships with 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).