Philips and Banner Health Sign 15-Year Technology Agreement | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Philips and Banner Health Sign 15-Year Technology Agreement

January 26, 2017
by Heather Landi
| Reprints

Amsterdam-based technology company Royal Philips has signed a multi-year, strategic partnership with Phoenix-based Banner Health to use technology to improve and expand on the health system’s telehealth and population health management efforts.

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 services including family clinics, home care and hospice services, and a nursing registry. Banner Health operates in six states, including Arizona, California, Colorado, Nebraska, Nevada and Wyoming.

According to a Philips press release, the multi-year partnership with Philips is intended to further innovate and expand on Banner Health’s successful joint connected healthcare programs such as the Intensive Ambulatory Care (IAC) pilot and telehealth programs. “The two organizations will collaborate, leveraging 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. At the same time, the partnership will look to create best practices that enable Banner to improve the patient experience,” Philips officials said in the press release.

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. Through the partnership, the organizations will focus on health management and 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, regardless of vendor.

 The agreement will also give Banner access to additional Philips solutions such as a radiology practice management solution, in order to help drive operational efficiencies in the health network’s extensive inpatient and outpatient imaging capabilities.

 “We have always taken a long-term view of our business, and realized very early on that the current healthcare system was not sustainable,” Peter Fine, president and CEO of Banner Health, said in a prepared statement.  “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.” 

 Banner is the latest healthcare network to sign a long-term, strategic partnership model with Philips. In less than eighteen months, Philips has signed five long-term, strategic partnerships in North America including 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). 

Philips and Banner Health also announced results of a telehealth initiative, the Intensive Ambulatory Care (AIC) program, showing significant decreases in both patient healthcare costs and hospitalization rates. As part of the overall telehealth program at Banner, the IAC pilot program treats patients with complex medical situations due to multiple chronic conditions. Across the nation, these types of patients generate 50 percent of overall healthcare spend. The results of this latest cost analysis reveal that the initial benefits for Banner from Philips’ IAC program have been expanded upon, increasing the rate of improvement in reducing hospitalizations, readmissions and healthcare costs, and ultimately, improving patient outcomes overall, according to the press release.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Study will Leverage Connecticut HIE to Help Prevent Suicides

A new study will aim to leverage CTHealthLink, a physician-led health information exchange (HIE) in Connecticut, to help identify the factors leading to suicide and to ultimately help prevent those deaths.

Duke Health First to Achieve HIMSS Stage 7 Rating in Analytics

North Carolina-based Duke Health has become the first U.S. healthcare institution to be awarded the highest honor for analytic capabilities by HIMSS Analytics.

NIH Releases First Dataset from Adolescent Brain Development Study

The National Institutes of Health (NIH) announced the release of the first dataset from the Adolescent Brain Cognitive Development (ABCD) study, which will enable scientists to conduct research on the many factors that influence brain, cognitive, social, and emotional development.

Boston Children's Accelerates Data-Driven Approach to Clinical Research

In an effort to bring a more data-driven approach to clinical research, Boston Children’s Hospital has joined the TriNetX global health research network.

Paper Records, Films Most Common Type of Healthcare Data Breach, Study Finds

Despite the high level of hospital adoption of electronic health records and federal incentives to do so, paper and films were the most frequent location of breached data in hospitals, according to a recent study.

AHA Appoints Senior Advisor for Cybersecurity and Risk

The American Hospital Association (AHA) has announced that John Riggi has joined the association as senior advisor for cybersecurity and risk.