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Banner Health achieves 27 percent cost savings through joint pilot telehealth program with Philips | ||
By: PR Newswire Association LLC. - 03 May 2015 | Back to overview list |
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ANDOVER, Mass., May 3, 2015 /PRNewswire/ -- Working together to address the shift toward value-based care and increased penalties for readmissions, Royal Philips (NYSE: PHG, AEX: PHIA) and Arizona-based Banner Health today announced the successful results of their at-home telehealth pilot program for patients with multiple chronic conditions. The Intensive Ambulatory Care (IAC) pilot program, part of the overall telehealth program at Banner, focuses on the most complex and highest cost patients – the top five percent of patients who account for 50 percent of health care spend. The IAC program, first launched in 2013, aims to improve patient outcomes, care team efficiency, and prevent IAC patients from entering the acute care environment, where costs are significantly higher. As part of the pilot, Philips and Banner assessed the results of 135 patients1 to determine the effectiveness of the IAC program in meeting its clinical and financial goals. An analysis of the results of each patient's first six months demonstrated that the program:
"The results of our at-home telehealth pilot with Philips have been dramatic and are indicative of the exponential success such a program could have by engaging patients in their own care and building a strong support system around them," said Dr. Hargobind Khurana, senior medical director of Health Management, Banner. "As we continue to expand this program, we anticipate seeing further proof that telehealth programs can address readmissions rates, reduce costs, and improve the health and quality of life for patients with multiple chronic diseases." Banner recently enrolled its 500th patient into the IAC program in which intensivist PCPs, nurses and a broader care team collect and analyze objective and subjective health data to identify early stages of deterioration and prevent adverse events. By providing patients with near-instant access to caregivers – including social workers, pharmacists, and health coaches – Banner has delivered patient-centered care and improved patient satisfaction. "Telehealth is opening up choices for patients and providers, giving them the freedom to transform how, when and where proactive care is delivered to patients," said Derek Smith, senior vice president, Hospital to Home, Philips. "By focusing on those patients who generate the greatest health care spend, we're able to help these individuals get better care in the comfort of their own homes, while also helping health systems achieve the financial reductions they need." For more information on the full suite of Philips clinical telehealth programs, visit www.hospitaltohome.philips.com. For further information, please contact: About Royal Philips: About Banner Health: 1 This number represents the patients enrolled in the IAC program who had data available beginning one year prior to entering the IAC program, and 6 months of data after entering the program.
SOURCE Royal Philips |
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Copyright 2015 PR Newswire Association LLC. | Back to overview list |