Royal Philips and Children’s Health have announced an up to 15-year, long-term, strategic agreement worth up to $75 million to innovate their patient monitoring and PACs systems for nearly one million patients in North Texas. Through this agreement, standardized patient monitoring will take place on the Philips Intellivue X3 patient monitor, which offers the ease of a smartphone-style operation, mobility and allows staff to track a patient’s vitals during transport and at the bedside.

In addition to the Philips X3 patient monitor, Children’s Health will have access to other Philips patient monitoring technologies such as IntelliVue Guardian with Early Warning Scoring and Intellivue Mobile Caregiver. These technologies can further empower staff, by putting critical patient information at their fingertips in an intuitive, easy to understand format.

“We are committed to making life better for children, and providing our patients with the best care possible,” said Pamela Arora, senior vice president and chief information officer at Children’s Health. “Aligning with Philips will help us improve the experience for our patients and their families.”

As hospital systems move from fee-based to value-based care, long-term, strategic arrangements are becoming the business model of choice for hospitals and health systems to better manage the cost and complexity of their technology investments, while expanding quality access to advanced medical care for their communities. Other pediatric health systems that have also adopted this model include Phoenix Children’s Hospital, Children’s Hospital and Medical Center of Omaha, and the Maria Fareri Children’s Hospital, part of Westchester Medical Center Health.

“As a parent, I know the importance of demanding only the best, most innovative care possible when it comes to our children,” said Carla Kriwet, CEO of Connected Care and Healthcare Informatics at Philips. “By working with Philips, Children’s Health can offer the community it serves over 250 years of combined health care knowledge and best practices, along with leading connected patient monitoring solutions that will improve its patient and staff experience. More importantly, it can offer patient families peace of mind in knowing that their children are being cared for by a health system that is at the forefront of technology adoption and that will go above and beyond in caring for its patients.”