LSPs Trending in Health Systems

Long Term Strategic Partnerships (LSP) are a growing trend used within hospitals and health systems to better manage the cost and complexity of technology investments over a defined period while expanding quality access to advanced medical care.

Royal Philips https://www.philips.com and Inspira Health are partnering https://www.inspirahealthnetwork.org in a 5 year agreement worth $50 million to standardize patient monitoring and drive innovation to improve diagnostic imaging. The agreement will enable Philips to make their Philips Azurion image-guided therapy platform available to more than a dozen Inspira health facilities.

Inspira Health in New Jersey delivers the full continuum of primary, acute, and advanced care services. The health system is comprised of three hospitals, a comprehensive cancer center, several multi-specialty health centers, and a total of more than 150 access points.

The health network will open a state-of-the-art hospital and an adjacent leading-edge cancer center in New Jersey. Both facilities will incorporate Philips technology to create an integrated care facility.

Philips is partnering with the Regional Medical Center (RMC) https://www.trmchealth.org on a strategic 5 year partnership worth $16 million to deliver diagnostic imaging solutions to patients in rural counties (Orangeburg, Calhoun, Bamberg, and Barnwell) located in South Carolina.

RMC is the only acute care provider in the area, serving patients across a 2,400 square mile region of South Carolina. The healthcare system includes a 286 bed acute care hospital and 24 primary and specialty care practices in the counties.

RMC recently completed construction of a new $8.6 million emergency care facility to provide round-the-clock emergency care, to include diagnostic imaging, laboratory, observation, and emergency transport services

The Philips partnership will provide RMC access to the latest diagnostic imaging solutions such as the helium-free Ingenia Ambition X system which can help improve diagnosis and help to perform faster exams. RMC will also have access to the Philips Azurion image-guided therapy platform.

As Vitor Rocha, Chief Market Leader of Philips North America reports, “With 1 in 5 Americans living in rural areas, it is important to work with health systems like RMC to bring innovative care closer to home for the communities they serve.”

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