Singapore Technologies Engineering (ST Engineering) and NYSE-listed Philips will work together to offer complementary digital health solutions for bedside support and capacity management.
The partnership, which was signed at ST Engineering’s annual InnoTech conference, will tap on ST Engineering’s operations command centre, robotics and artificial intelligence (AI)-enabled applications and Philips’ clinical command centre. According to the joint release dated Sept 3, the partnership aims to “drive empirical outcomes” and “enhance the digital transformation efforts of healthcare providers” in Asia Pacific (Apac) starting with Singapore.
The goal is to help health systems in Apac use real-time data to improve patient care by optimizing access and flow, especially as they face workforce shortages and increasing demand.
“The lack of unified integration solutions are considerable barriers for hospitals seeking to improve productivity and operational efficiency, underscoring the need for digital health providers to collaborate and offer effective and interoperable digital health solutions,” says Tan Bin Ru, president of enterprise (digital) at ST Engineering. “Partnering with Philips amplifies our collective expertise to synergise insights from both clinical and non-clinical data at scale, empowering healthcare informatics leaders to effectively transform care delivery models and optimise patient care resources,” Tan adds.
“Healthcare leaders in Apac are looking to build a cohesive patient story by bringing data from different sources together in a meaningful way to enhance their ability to provide timely and high-quality care to patients,” says Dan Ball, head of enterprise informatics at Philips Apac. “We are excited to collaborate with ST Engineering to provide our complementary digital solutions to help healthcare providers stay ahead of these needs, intelligently connecting people, data, and technology to bring better care for more people in Apac.”
According to a survey by Philips on future health, 93% out of the 600 healthcare leaders polled in Apac and 84% in Singapore said they experienced data integration challenges in their organisation. Improved data accuracy, data security and privacy, and interoperability between platforms and healthcare settings were recognised as key ways to change how data is being handled to provide timely and high quality care.
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Shares in ST Engineering closed 1 cent higher or 0.22% up at $4.48 on Sept 3.