Philips and Misys collaborate to offer technology solutions to the homecare marketplace

Royal Philips ElectronicsRoyal Philips Electronics (NYSE: PHG; AEX: PHI) and Misys Healthcare Systems, a leader in healthcare IT, announced a plan to join forces to provide a comprehensive solution for the homecare market. The companies intend to develop an integrated software platform that enables homecare agencies to provide high quality care to chronically ill patients, while benefiting from operational efficiencies in monitoring and managing their patients' health status.

Through this nonexclusive agreement, the companies seek to combine Philips' experience in telehealth and remote patient monitoring with Misys' expertise as one of the leading providers of clinical and business software for the U.S. 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.

"Telemonitoring, in 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. Specialized Primary and Networked Care in Heart Failure (SPAN-CHF II) study presented at the American Heart Association annual scientific session Nov 15, 2005. Study conducted by Tufts-New England Medical Center, Boston MA; Dr. Marvin Konstam, senior investigator."

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.

As 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 Misys Homecare™ integrated clinical solution.

Philips Consumer Healthcare Solutions offers a range of telehealth solutions for home care and disease management: remote monitoring for patients with chronic conditions, risk assessment services, and Motiva interactive platform for patient education and self-management. Philips Lifeline provides medical alert services and senior living solutions to help enable independent living for older adults. For more information about Philips telehealth solutions, visit www.medical.philips.com/goto/telemonitoring.

About Misys Healthcare Systems
Misys Healthcare Systems develops and supports reliable, easy-to-use software and services of exceptional quality that enable physicians and caregivers to more easily manage the complexities of healthcare. Misys' family of leading clinical products and Web-based technologies are designed to share patient data across medical care settings. Misys makes Community EHR a reality by connecting community-based physicians and caregivers to acute care enterprise, enabling increased efficiencies, better decision-making and improved hospital-physician relations. For more information, visit www.misyshealthcare.com.

About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 124,300 employees in more than 60 countries worldwide. With sales of USD 34 billion (EUR 27 billion) in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter.

Most Popular Now

Giving Doctors an AI-Powered Head Start …

Detection of melanoma and a range of other skin diseases will be faster and more accurate with a new artificial intelligence (AI) powered tool that analyses multiple imaging types simultaneously...

AI Agents for Oncology

Clinical decision-making in oncology is challenging and requires the analysis of various data types - from medical imaging and genetic information to patient records and treatment guidelines. To effectively support...

AI Medical Receptionist Modernizing Doct…

A virtual medical receptionist named "Cassie," developed through research at Texas A&M University, is transforming the way patients interact with health care providers. Cassie is a digital-human assistant created by Humanate...

Using Data and AI to Create Better Healt…

Academic medical centers could transform patient care by adopting principles from learning health systems principles, according to researchers from Weill Cornell Medicine and the University of California, San Diego. In...

AI Tool Set to Transform Characterisatio…

A multinational team of researchers, co-led by the Garvan Institute of Medical Research, has developed and tested a new AI tool to better characterise the diversity of individual cells within...

AI Detects Hidden Heart Disease Using Ex…

Mass General Brigham researchers have developed a new AI tool in collaboration with the United States Department of Veterans Affairs (VA) to probe through previously collected CT scans and identify...

Human-AI Collectives Make the Most Accur…

Diagnostic errors are among the most serious problems in everyday medical practice. AI systems - especially large language models (LLMs) like ChatGPT-4, Gemini, or Claude 3 - offer new ways...

Northern Ireland Completes Nationwide Ro…

Go-lives at Western and Southern health and social care trusts mean every pathology service is using the same laboratory information management system; improving efficiency and quality. An ambitious technology project to...

Highland Marketing Announced as Official…

Highland Marketing has been named, for the second year running, the official communications partner for HETT Show 2025, the UK's leading digital health conference and exhibition. Taking place 7-8 October...

MHP-Net: A Revolutionary AI Model for Ac…

Liver cancer is the sixth most common cancer globally and a leading cause of cancer-related deaths. Accurate segmentation of liver tumors is a crucial step for the management of the...

Groundbreaking TACIT Algorithm Offers Ne…

Researchers at VCU Massey Comprehensive Cancer Center have developed a novel algorithm that could provide a revolutionary tool for determining the best options for patients - both in the treatment...

The Many Ways that AI Enters Rheumatolog…

High-resolution computed tomography (HRCT) is the standard to diagnose and assess progression in interstitial lung disease (ILD), a key feature in systemic sclerosis (SSc). But AI-assisted interpretation has the potential...