Health IT, Hospitals, Devices & Diagnostics

Philips inks $500M deal with N.Y. health system

Westchester Medical Center Health Network, Valhalla, N.Y., has entered into a $500 million partnership with Royal Philips for consulting and technology services as the health system shifts to accountable care.

Westchester Medical Center Health Network, a seven-hospital system serving the Hudson Valley north of New York City,  has entered into a $500 million partnership with Royal Philips for consulting and technology services as the health system shifts to accountable care.

Philips will provide enterprise managed services to Valhalla, N.Y.-based WMCHealth, including clinical and business consulting. The Dutch company, with U.S. headquarters in Andover, Mass., also will supply technology such as patient monitors, clinical informatics systems, imaging and telehealth.

“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,” WMCHealth President and CEO Michael D. Israel said in a press release.

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“Our alliance with Philips not only gives us access to the latest in connected digital health technologies, it will allow us to collaborate on proactive 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,” Israel added.

According to Philips, the partnership “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.”

WMCHealth has grown quickly through acquisition and affiliation in the last year and a half, and now is much larger than the original Westchester Medical Center University Hospital and adjacent Maria Fareri Children’s Hospital and Behavioral Health Center.

In February 2014, Westchester Medical Center purchased Poughkeepsie, N.Y.-based Saint Francis Hospital and Health Centers out of bankruptcy. Last month, WMC bought a majority stake in and took over management of Bon Secours Charity Health System in Orange and Rockland counties.

WMCHealth remains in talks with HealthAlliance of the Hudson Valley to take over management of that organization.

“Our partnership with WMCHealth reinforces our leadership in long-term, strategic collaborations, allowing health systems to expand access to quality care, manage costs and share risk. This allows them to focus on what matters most: delivering better care to the people in their communities,” Philips CEO Frans van Houten said.

Photo: Business Wire