Inspira signs $50M, 5-year partnership with Philips

Inspira Health, the South Jersey health care system, has signed a $50 million, long-term strategic partnership with health technology company Royal Philips, it said Monday.

The five-year partnership between the Mullica Hill-based system and the Massachusetts-based company will help Inspira standardize patient monitoring and improve diagnostic imaging solutions at more than a dozen facilities, according to a news release.

“At Inspira, we are focused on leveraging technology that enables our teams to provide the best possible care,” CEO and President John DiAngelo said in a prepared statement. “By working closely with Philips, we have an opportunity to stay at the cutting edge of imaging and patient monitoring. This partnership will bring countless benefits to our patients, physicians and clinical teams. It comes down to ensuring that each individual community within our broader community is taken care of.”

The contract will include training and services, with an aim of enhancing patient care as well as improving clinical workflow performance and operational efficiency.

“At Philips, we want to improve the lives of 3 billion people a year by 2030,” Vitor Rocha, chief market leader for Philips North America, said in a statement. “In order to achieve that goal, we need to work closely with forward-thinking health systems like Inspira that can help us to understand the unique challenges of the communities it serves and deliver the right care solutions.”

Inspira said the new technology will be incorporated at its new state-of-the-art hospital and cancer center opening this month in Mullica Hill, among other facilities.