Philips and Children’s Health of Dallas announced a 15-year, $75 million strategic agreement to innovate their patient monitoring and PACs systems for nearly one million patients in North Texas.
Through this agreement, Children’s Health will achieve standardized patient monitoring through Philip’s leading patient monitoring technologies, including the Intellivue X3 patient monitor, which puts critical patient information at clinicians’ fingertips in an easy to understand format. This allows staff to track patient’s vitals during transport and at the bedside while offering patients’ families peace of mind in knowing that their children are taking care of by a health system that is at the forefront of technology adoption. As health systems move towards value-based care, long-term strategic partnerships like Philips engagement with Dallas Children’s are becoming the business model of choice for health systems to better manage the cost and complexity of their technology investments, while expanding quality access to advanced medical care.
As hospital systems move from fee-based to value-based care, long-term, strategic arrangements are becoming the business model of choice for hospitals and health systems to better manage the cost and complexity of their technology investments, while expanding quality access to advanced medical care for their communities. Other pediatric health systems that have also adopted this model include Phoenix Children’s Hospital, Children’s Hospital and Medical Center of Omaha, and the Maria Fareri Children’s Hospital, part of Westchester Medical Center Health.
“As a parent, I know the importance of demanding only the best, most innovative care possible when it comes to our children,” said Carla Kriwet, CEO of Connected Care and Healthcare Informatics at Philips. “By working with Philips, Children’s Health can offer the community it serves over 250 years of combined healthcare knowledge and best practices, along with leading connected patient monitoring solutions that will improve its patient and staff experience. More importantly, it can offer patient families peace of mind in knowing that their children are being cared for by a health system that is at the forefront of technology adoption and that will go above and beyond in caring for its patients.”