Royal Philips (NYSE:PHG) said today it signed a 15-year, $90 million patient healthcare partnership with Marin General Hospital, which serves Marin County, just north of San Francisco.
The agreement is the 1st of its kind for the hospital and the 3rd for Philips in North America over the last 6 months, the company said.
“We want to help keep residents of Marin healthy, and that means providing quality care close to home, including a new building, state-of-the-art health care technologies and services that will allow us to deliver on our goal of treating the whole patient – mind, body and spirit. As an independent community hospital, we have made a conscious decision to partner with Philips, an industry leader, who can support us in taking a long-term view and quickly adopting the latest digital health technologies, while creating an exceptional experience for our patients,” Marin General Hospital chief information & technology integration officer Mark Zielazinski said in a press release.
The partnership is based on an enterprise managed services model through which Philips will provide the hospital with a selection of medical technologies including imaging systems, patient monitoring, telehealth, clinical informatics and education, consulting and design services.
“Forward thinking organizations such as Marin General Hospital understand that for community hospitals to differentiate themselves and to comply with new value based models, they need to focus on the patient experience and team up with a technology partner that has a deep understanding of how a hospital operates. By partnering with Philips, Marin General Hospital not only has access to over a century of experience in leading healthcare technology, solutions and services, they have a partner with the right resources and skill set to help them deliver an excellent patient experience, high quality health care and manage costs. This allows them to focus on what matters most: delivering better care to the people in their communities,” CEO Frans van Houten said in a prepared statement.
Last June, Philips said it and Westchester Medical Center Health Network formed a $500 million, 15-year partnership to develop new value-based healthcare solutions for the Hudson Valley hospital system.
The deal calls for Philips to supply WMC with medical technologies such as imaging systems, patient monitoring and informatics systems, plus analysis of patient data and business consulting, Philips said.