Bon Secours Mercy Health And Philips Sign Multi-Year Strategic Collaboration For Patient Monitoring
Portfolio Pulse from Benzinga Newsdesk
Royal Philips (NYSE: PHG) and Bon Secours Mercy Health (BSMH) have announced a multi-year strategic collaboration for patient monitoring. The partnership aims to reduce the digital burden on staff and provide more time for patient care across BSMH's 49 hospitals. The collaboration will leverage Philips' latest monitoring innovations and a scalable platform to integrate patient data, reduce costs, and enable further reinvestment in healthcare innovation.
July 17, 2024 | 12:08 pm
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Royal Philips has entered a multi-year strategic collaboration with Bon Secours Mercy Health to enhance patient monitoring across 49 hospitals. This partnership will leverage Philips' latest innovations to reduce costs and improve patient care.
The collaboration with Bon Secours Mercy Health is likely to positively impact Philips' stock in the short term due to the scale of the partnership and the potential for cost reductions and improved patient care. This strategic move aligns with Philips' focus on healthcare innovation and could lead to increased revenues.
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