Royal Philips (NYSE:PHG) today revealed plans to launch a series of wearable monitoring solutions for at risk patients in a hospital setting alongside announcing multi-year telehealth deals with 4 U.S. health systems to implement remote intensive care units.
The newly announced medical-grade biosensor is designed to automatically and continuously measure “clinically relevant vital signs” including heart rate, respiratory rate, skin temperature and others, the company said.
The data collected from the device is transmitted to clinical decision support software where it can be used to notify appropriate operators or caretakers when preset limits are exceeded.
“Driven by Philips’ strong patient monitoring heritage, we are entering the emerging growth market of mobile health enabled solutions and services. We envision a future where patients enabled by connected health technologies will recover faster with fewer complications and greater peace of mind in the hospital and subsequently at home. We see the potential for connected sensing solutions and the value created by the rich and actionable data they generate to have a very positive impact on the chronically ill by helping to reduce associated costly adverse events, complications, unplanned transfers back to the ICU and longer lengths of hospitalization,” Philips patient care and monitoring solutions CEO Carla Kriwet said in a press release.
The company said it plans to release a portfolio of integrated solutions to connect to analytics tools and dashboards to aid in clinical decision making and improve patient outcomes.
Philips said it inked multi-year telehealth deals with 4 healthcare systems, including Westchester Medical Center Health Network, Tennessee’s Baptist Memorial Health Care and Missouri’s BJC HealthCare.
The company’s eICU program is monitored by a team of remote specialists who support bedside workers and proactively identify issues to intervene before they become significant problems.
“As health systems seek to improve patient outcomes while lowering costs, health care leaders often first look at the ICU since it can account for 50 percent of mortality and a third of hospital costs. The level of care required by these patients demands continuous monitoring. The explosive growth of telehealth in recent years proves the need for these unique delivery models that provide the best care, while addressing the demand to reduce costs,” Philips Hospital to Home senior veep Derek Smith said in prepared remarks.