New Partnership To Improve Medical Care Standards
Espicom View: The construction and upgrading of new clinics owned by the private company MEDSI will be beneficial for the healthcare provider itself as it be supplied with the latest medical equipment produced by Philips. It will also become more efficient following performance management consultations. Philips will benefit from the arrangement, being the sole technology supplier, although the financial details of the partnership have not been disclosed. The expansion and improvement of the company's facilities will also be advantageous to the patients who are able to afford private healthcare.
In January 2014, Philips signed a Memorandum of Understanding (MoU) with MEDSI, Russia's largest private healthcare provider, on the development of a clinical network that aims to improve medical care standards in Russia. Under the partnership, the two companies will co-operate to help MEDSI's healthcare facilities achieve operational excellence, allowing patients to receive high quality effective care. Areas of co-operation outlined in the agreement include hospital renovation, the re-equipping of a Moscow-based MEDSI clinical hospital, and the construction of a new clinical diagnostics centre, including a short-term inpatient hospital and children's clinical hospital. The agreement will also cover a multi-profile clinical diagnostics centre, which will be part of the Moscow Clinical Hospital. MEDSI will gain access to Philips' latest medical equipment and technology, allowing it to focus on the delivery of care. Philips will oversee the operational performance of the equipment. It will also provide the healthcare facilities with advice on overall hospital management and improving clinical performance, as well as continuous training and regular system & software upgrades.
Growth In The Private Healthcare Sector
|Positive Market Growth|
|Projected Medical Device Market, 2013-2018 (US$mn)|