Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (2024)

Apr 28, 2022


South Carolina’s largest health system adopts Philips software solutions for patient monitoring and enterprise imaging, helping to drive interoperability and data analytics, and deliver on Quadruple Aim

Amsterdam, the Netherlands and South Carolina, USARoyal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Prisma Health, South Carolina's largest non-profit healthcare system, today announced they have entered into a multi-year agreement to help the health system achieve enterprise interoperability, standardize patient monitoring, and drive innovation in enterprise imaging solutions to enhance patient care and improve clinical performance. As South Carolina’s largest private, non-profit healthcare system, and second-largest private company, Prisma Health wants to deliver on the quadruple aim: improve patient and staff satisfaction, lower costs, and improve outcomes for all South Carolinians.

Prisma Health was formed in 2017 when Greenville Health System and Palmetto Health, two of South Carolina’s most highly regarded healthcare systems, came together as one organization. Today, Prisma Health has nearly 3,000 licensed beds and 18 acute care and specialty hospitals, as well as 270 physician practices servicing 21 counties. They treat over one million unique patients across their networks each year, including 368,000 virtual care visits, and just under half a million emergency department visits.

At Prisma Health, we wanted to engage a partner to help us address data integration and unlock the power of patient data so that we are able to provide our patients with the best care anywhere in our service areas.

Rich Rogers

Senior Vice President, Chief Information Officer, Prisma Health

“When our two regional healthcare organizations merged, an enterprise-wide technology strategy became critical to standardize best practices across the whole system, creating new bridges between hospital and home care and continuing to drive innovation,” said Rich Rogers, Senior Vice President, Chief Information Officer, Prisma Health. “At Prisma Health, we wanted to engage a partner to help us address data integration and unlock the power of patient data so that we are able to provide our patients with the best care anywhere in our service areas. We want to put the right tools into the hands of our clinicians to allow them to better share information, collaborate and help transform care for the communities we serve.”

With the Philips HealthSuite secure cloud platform at its foundation, Philips is committed to enterprise interoperability. Philips’ solutions portfolio includes real-time patient monitoring, therapeutic devices, telehealth, image management and informatics solutions including radiology and cardiology PACS, advanced visualization, vendor neutral archive (VNA) and Philips Enterprise Viewer – Vue Motion, and interoperability solutions, including the industry-leading Philips Capsule Medical Device Information Platform. Prisma Health will not only have access to these technologies, they will also be the largest installation of the Philips Enterprise Performance Analytics – Performance Bridge – analytics platform in North America. Performance Bridge gives healthcare professionals access to near real-time data on departmental performance through an easy-to-use interactive dashboard. Vendor agnostic, Performance Bridge unifies information across different imaging modalities and informatics solutions to optimize organizational efficiency, drive adherence to standards of care and facilitates additional revenue streams. Prisma Health plans to use Performance Bridge to drive innovation and monitor their delivery of quality healthcare.

“At Philips, we made a deliberate decision to create an end-to-end enterprise strategy that will help our customers overcome interoperability barriers and enable data sharing,” said Vitor Rocha, Chief Market Leader for Philips North America. “Health systems shouldn’t have to worry about integrating technology, which is why we have developed vendor-agnostic solutions based on standards and frameworks that bring together data from applications, systems, and devices. This allows our partners to focus on what is most important to them and their patients – continuously improving the patient journey and outcomes.”

Long-term strategic partnerships (LSPs) are a growing trend within hospitals and health systems to better manage the cost and complexity of their technology investments over a defined period of time, while expanding quality access to advanced medical care to improve patient outcomes. Philips is a leader in LSPs and continues to work with forward-thinking organizations like Prisma Health to develop standards, best practices, and predictive technologies that can redefine the future of healthcare.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 79,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Click here to read moreClick here to read less

About Prisma Health

Prisma Health is a non-profit health company and the largest healthcare system in South Carolina. With nearly 30,000 team members, 18 acute and specialty hospitals, 2,947 beds and more than 300 outpatient sites with nearly 2,000 physicians, Prisma Health serves more than 1.5 million unique patients annually in its 21-county market area that covers 50% of South Carolina. Prisma Health’s goal is to improve the health of all South Carolinians by enhancing clinical quality, the patient experience and access to affordable care, as well as conducting clinical research and training the next generation of medical professionals. Visit PrismaHealth.org for more information.

Click here to read moreClick here to read less

Topics

Partnerships Value based-care Patient data Press release

Contacts

Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (1)

Mark Groves

Philips Global Press Office

Tel.: +31 631 639 916

By clicking on the link, you will be leaving the official Royal Philips ("Philips") website. Any links to third-party websites that may appear on this site are provided only for your convenience and in no way represent any affiliation or endorsem*nt of the information provided on those linked websites. Philips makes no representations or warranties of any kind with regard to any third-party websites or the information contained therein.

I understand

You are about to visit a Philips global content page

Continue

Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (2)

Silvie Casanova

Philips North America

Tel: +1 781 879 0692

By clicking on the link, you will be leaving the official Royal Philips ("Philips") website. Any links to third-party websites that may appear on this site are provided only for your convenience and in no way represent any affiliation or endorsem*nt of the information provided on those linked websites. Philips makes no representations or warranties of any kind with regard to any third-party websites or the information contained therein.

I understand

You are about to visit a Philips global content page

Continue

Media assets

919.0 KB

Doctor showing images on Philips Enterprise Viewer

Discover all media assets

Share on social media

  • https://www.usa.philips.com/a-w/about/news/archive/standard/news/press/2022/20220428-philips-and-prisma-health-sign-multi-year-long-term-strategic-partnership-to-innovate-healthcare-across-the-enterprise-and-unlock-the-power-of-patient-data.html Link copied

Related news

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (4)

    September 10, 2024

    World Stroke Organization and Philips call for action to expand access to life-saving stroke care

    Press release

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (5)

    July 17, 2024

    Bon Secours Mercy Health and Philips sign multi-year strategic collaboration

    Press release

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (6)

    May 21, 2024

    Philips Foundation 2023 Annual Report: unlocking quality medical services for over 28 million people in underserved communities

    Press release

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (7)

    April 30, 2024

    Nicklaus Children’s Health System, Philips to provide innovative patient and staff experience, helping to enhance outcomes for the smallest of patients

    Press release

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (8)

    April 04, 2024

    Philips Foundation and March of Dimes partner to improve prenatal care access in underserved communities, helping address US maternal and infant health challenges

    Press release

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (9)

    December 14, 2023

    Michigan Department of Health and Human Services expands Philips Avent Pregnancy+ program

    Press release

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (10)

    November 29, 2023

    Research from Philips and Vanderbilt shows how decarbonizing healthcare also helps to reduce cost

    Press release

  • Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (11)

    November 16, 2023

    NYU Langone Health to adopt new Philips health technology solutions in multi-year partnership directed at patient safety, quality and outcomes

    Press release

Philips and Prisma Health sign multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data (2024)

FAQs

What was Prisma Health formerly known as? ›

The name changed again in 2013 to Greenville Health System (also known as GHS and what many native Greenvillians still refer to it as today) and they merged with Palmetto Health in 2019, changing the name once more to Prisma Health.

What does Philips do in healthcare? ›

At Philips, we look beyond technology to the experiences of consumers, patients, providers and caregivers across the health continuum – from healthy living and prevention to diagnosis, treatment and home care. We unlock insights leading to innovative solutions that enable better care at lower cost.

What is Prisma Health mission statement? ›

At Prisma Health, we're on a journey to transform the health care experience for our patients and families by living our purpose: Inspire health. Serve with compassion. Be the difference.

Is Prisma Health in financial trouble? ›

Fitch Ratings - Austin - 08 Jul 2024: Fitch Ratings has affirmed Prisma Health's Issuer Default Rating (IDR) at 'A-'. Fitch has also affirmed the revenue bonds previously issued by Greenville Health System (GHS) at 'A-'. The Rating Outlook has been revised to Positive from Stable.

Who did Prisma Health merge with? ›

Prisma Health is a not-for-profit health organization in South Carolina, formed by the merging of Palmetto Health and the Greenville Health System in November 2017.

Who is Philips' biggest competitor? ›

Philips competitors include GE Healthcare, LG Electronics North America, Siemens, Samsung and Fitbit. Philips ranks 3rd in Employee Net Promoter Score on Comparably vs its competitors.

Why is Philips stock dropping? ›

The Amsterdam-based company has already lost around 70% of its market value in the past two years, as it continues to grapple with the fallout of a global recall of millions of respirators used to treat sleep apnea.

What is Philips best known for? ›

Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.

Who is the CEO of Prisma Health? ›

Mark S. O'Halla is the President and Chief Executive Officer of Prisma Health, South…

What is PRISMA in healthcare? ›

PRISMA is the recognized standard for reporting evidence in systematic reviews and meta-analyses. The standards are endorsed by organizations and journals in the health sciences. Benefits of using PRISMA. Demonstrate quality of the review. Allow readers to assess strengths and weaknesses.

Is Prisma Health a teaching hospital? ›

Prisma Health Children's Hospital–Midlands

The department is active in research and has been recognized as the top teaching program by the University of South Carolina School of Medicine nearly every year for the last 30 years.

When did GHS become Prisma Health? ›

Greenville Health System and Palmetto Health will operate under a single new brand in 2019: Prisma Health.

What is the history of Prisma? ›

PRISMA was founded in Lima on April 23rd, 1986, based on the initiative of a multidisciplinary human group concerned by chronic childhood malnutrition and the risk factors associated with it. Pampas de San Juan of Miraflores was the scene for the first experiences of this group of young professionals.

Did Musc buy Prisma Health? ›

A judge ruled against the deal in late 2020 with Prisma Health filing unsuccessful appeals through the months to follow, eventually leading the parties to call off the purchase in early April 2021.

What was Valleywise Health before? ›

Located in Phoenix, Arizona, Valleywise Health (formerly Maricopa Integrated Health System) has a proud tradition of being both the community safety net health care system, with a mission and commitment to serving the underserved and Arizona's only public teaching hospital.

References

Top Articles
Latest Posts
Article information

Author: Geoffrey Lueilwitz

Last Updated:

Views: 6209

Rating: 5 / 5 (60 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Geoffrey Lueilwitz

Birthday: 1997-03-23

Address: 74183 Thomas Course, Port Micheal, OK 55446-1529

Phone: +13408645881558

Job: Global Representative

Hobby: Sailing, Vehicle restoration, Rowing, Ghost hunting, Scrapbooking, Rugby, Board sports

Introduction: My name is Geoffrey Lueilwitz, I am a zealous, encouraging, sparkling, enchanting, graceful, faithful, nice person who loves writing and wants to share my knowledge and understanding with you.