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|Medtronic Announces U.S. Launch of Integrated Health Solutions with University Hospitals Agreement|
New Agreement Focuses on Improved System Efficiency at University Hospitals Cleveland Medical Center
DUBLIN and CLEVELAND - Nov. 29, 2016 - Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced the signing of its first Integrated Health Solutions agreement in the United States with University Hospitals (UH), one of the nation's leading healthcare systems, designed to improve delivery of care and patient experience. Together the organizations will implement innovative operational models that will optimize workflow and redefine operational efficiency for catheterization (cath) and electrophysiology (EP) laboratories at the University Hospitals Cleveland Medical Center. Medtronic brings its international expertise from managing cath labs and operating rooms for over 100 hospital systems around the globe to manage clinical support operations in UH select labs. The agreement signals the expansion of Medtronic's managed services offering to U.S. health systems.
Hospitals systems continue to find that operational efficiency is a prerequisite for clinical excellence. UH expects to optimize its operations with Medtronic involvement to continue to deliver excellent care and better manage rising healthcare costs.
"Our collaboration with Medtronic gives us a unique opportunity to learn from their international best practices in inventory management and scheduling optimization," said Jeffrey Peters, M.D., UH chief operating officer. "We are excited to embed their expertise into our clinical operations, allowing our clinical staff to focus on providing the highest level of cardiovascular care for our patients."
In cath labs and EP labs, clinical-support operations - lab management, scheduling, materials management, room turnover and process optimization - play a vital role in ensuring cardiologists are able to identify and diagnose cardiovascular conditions for their patients. The patient journey starts before the patient enters the hospital and continues after discharge. Addressing the needs of patients throughout the continuum of care is a priority of new models of care delivery.
"Our Integrated Health Solutions business was formed as part of a commitment to advance healthcare delivery in more cost-effective ways," said Mike Genau, senior vice president and president, Americas Region, for Medtronic. "Our goal in collaborating with UH is to enhance patient care and system efficiency through the unique combination of operational insights, data, medical technology, and services. Medtronic has more than 65 years of experience to bring to the table, and we intend to be a close associate in implementing innovative solutions along the way."
About University Hospitals
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.