Philips and Misys collaborate in home telemonitoring solutions
10 May 2007
Andover, Mass. USA. Royal Philips Electronics (NYSE: PHG;
AEX: PHI) and Misys Healthcare Systems will join forces to provide a
comprehensive solution for the homecare market.
The companies intend to develop an integrated software platform that will
enable care agencies to provide high quality care to chronically ill
patients at home, including the remote monitoring of patients’ health status
to provide operational efficiencies.
Through this nonexclusive agreement,
the companies will combine Philips’ experience in telehealth and remote
patient monitoring with Misys’ expertise in clinical and business software
for the US homecare market.
Misys and Philips intend to work together to offer deeper integration of
vital signs data and health status information into the patient record,
providing a more comprehensive clinical review application than is currently
available from telehealth providers today. The goal is to provide a powerful
solution that helps homecare agencies optimize care for patients most in
need of clinical attention, in order to reduce hospital readmissions and
healthcare costs associated with chronic disease.
Philips offers wireless
telemonitoring measurement devices, robust clinical content — including
patient education, validated health surveys and risk assessment tools — as
well as wide-ranging service delivery support and innovative pricing models.
Misys brings a fully integrated financial and clinical management solution,
including point-of-care, to the homecare industry.
conjunction with early intervention and self-care education, can extend the
reach of care and improve patients’ quality of life,” says Mike Lemnitzer,
senior director, Philips Consumer Healthcare Solutions. “Studies have shown
that remote monitoring can lead to significant reductions in unnecessary
readmissions and emergency hospitalizations, helping ease the burden of
rising healthcare costs due to chronic disease.”
By integrating telehealth
information into its clinical platform, Misys believes a combined software
solution would enable homecare agencies to boost operational efficiency and
quality scores, in addition to improving patient safety and oversight.
“Misys is focused on providing cost-effective solutions for the home
healthcare market. By providing a better way to monitor and manage
home-bound patients and schedule clinical staff, we can help homecare
agencies improve both productivity and patient care,” according to Jeneane
Brian, clinical strategy executive for Misys Healthcare Systems.
Philips and Misys work together on an integrated software platform, they
will also be co-marketing their existing products in the homecare market —
Philips remote patient monitoring and the Misys Homecare integrated clinical