The Center for Medicare & Medicaid Innovation awarded Philips (NYSE:PHG), the Mayo Clinic and the U.S. Critical Illness & Injury Trials Group a $16 million grant from in support of improving clinical care performance.
CMMI, a sub-group of the Centers for Medicare & Medicaid Services, handed out the funding as part of its Healthcare Innovation Awards, which seek to produce cost savings in the U.S. healthcare system by funding new developments.
"Meaningful improvements to ICU patient care are emerging from this collaboration," CEO of Philips Healthcare’s patient care and clinical informatics Mike Mancuso said in prepared remarks. "This technology is helping to enhance medical decision making and reduce medical errors in a sustainable way, ultimately addressing the reality of how care is delivered in an evolving health care environment."
Philips said data shows that 27% of Medicare beneficiaries face preventable treatment errors because of information overload among ICU providers.
The collaborators are creating a cloud-based clinical decision support system, which is build on Mayo Clinic’s Ambient Warning & Response Evaluation application, to help prevent medical treatment, enhance patient monitoring, better implement quality metrics and reduce ICU complications and costs, according to the press release.
The system also features Philips’ IntelliBridge Enterprise, a a single, standards-based point of interoperability to analyze and interpret data, which is then sent back to the facilities’ care teams.
The Mayo Clinic and the collaborators will train 1,440 existing ICU caregivers in 4 diverse hospital systems on how to use the new technology to manage ICU patient care, the company said.
The CMMI estimates that the new system will save more than $80 million and create healthcare jobs at the same time, according to the press release.
Other centers participating in the CMMI’s funding include Duke University, University of Minnesota, Tufts Medical Center, Beth Israel Deaconess Medical Center and Albert Einstein Medical School, Montefiore Medical Center and Lawrence General Hospital, as well as hospitals in Minnesota, Massachusetts, New York and Oklahoma.