Philips, Mayo Clinic Receive Grant for Healthcare Innovation

In collaboration with Philips Health, the United States Critical Illness & Injury Trials Group and the Mayo Clinic were awarded $16 million in funding. The additional funding was awarded as a grant to improve critical care in ICU environments and was given by the Center for Medicare and Medicaid Innovation.

According to a press release from Philips, the funding came from CMMI, a division of the Centers for Medicare and Medicaid Services. CMMI provided the additional funding during its Healthcare Innovation Awards. These awards are designed to spur innovation and growth in the United States healthcare system.

According to data from Philips, an estimated 27 percent of Medicare patients experience treatment errors due to ICU information overload. By creating a cloud-based solution for healthcare information management, it’s possible to reduce medical errors, improve monitoring, create actionable metrics and much more. The healthcare management solution is designed to be work with the Ambient Warning and Response Evaluation application at the Mayo Clinic.

Mike Mancuso is CEO of the patient care and clinical informatics division at Philips Healthcare. In prepared remarks, he said, "Meaningful improvements to ICU patient care are emerging from this collaboration." He continued, "This technology is helping to enhance medical decision making and reduce medical errors in a sustainable way, ultimately addressing the reality of how care is delivered in an evolving healthcare environment."

References

www.newscenter.philips.com/main