Koninklijke Philips N.V
) and Georgia Regents Medical Center (GRMC) inked a 15-year
alliance agreement last week to improve patient outcomes and
reduce costs through new technologies, operational planning,
support and consulting services. Valued at $300 million, it is
the biggest of its kind for Philips and is the first of its kind
model in the U.S.
According to the agreement, Phillips will be providing Georgia
Regents Medical Center's multiple sites with solutions including
imaging systems, patient monitoring and clinical informatics. The
facilities to be provided include consulting services, improved
medical technologies and planning and maintenance services with a
fixed monthly operational cost.
In addition to patient-centered approaches, Philips will also
provide the multiple departments, such as radiology, cardiology,
neurology, oncology, pediatrics and outpatient clinics, with
faster access to new equipments and educational resources. The
partnership aims to boost the health center's medical research
and clinical technology R&D initiatives.
Phillips has always been a leading developer of innovative
medical technologies for healthcare providers to ensure maximum
patient care. In Mar 2013, Phillips launched its IntelliSpace
eCareManager, an advanced graphical dashboard, to improve its
eICU telehealth offering.
This breakthrough offering features orb, which primarily turns
complex data into clear and simple information in order to
prioritize patient needs. Also, Philips' previous partnerships
with healthcare centers in Europe, Asia, the Middle-east and
Africa are claimed to have improved clinical operations.
Phillips currently carries a Zacks Rank #4 (Sell). Some other
companies worth considering at the moment are
Universal Electronics Ltd
Honeywell International Inc
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