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Philips, WMCHealth Partner With $500M Deal

June 16, 2015
by Rajiv Leventhal
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The Valhalla, N.Y.-based Westchester Medical Center (WMC) Health Network and Andover, Mass.-based imaging specialist Philips are partnering up with the aim to improve healthcare for millions of patients across New York’s Hudson Valley.

The partnership, a multi-year, $500 million deal, 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, according to officials of the companies, 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, New York, 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, officials say.

“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,” Michael D. Israel, president and CEO of WMCHealth, said in a statement. “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.” 

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