New Hospital Solutions Business Targets Cost Savings

Medtronic (Minneapolis, MN, USA) has announced the formation of a new business focused on providing services directly related to hospital operational efficiency.

Medtronic Hospital Solutions will focus initially on offering services in Europe to manage and modernize catheterization laboratory facilities at the University Hospital of South Manchester NHS Trust (UHSM; United Kingdom), and Imperial College Healthcare NHS Trust (London, United Kingdom). Under these tenders, Medtronic will manage the hospitals' cath labs to high standards, providing the latest medical technology and infrastructure, optimizing operational efficiency, running daily operations, and developing local cardiac services markets.

Medtronic Hospital Solutions will collaborate with hospitals to create efficiencies by offering a suite of tools and process models to help healthcare providers improve the quality and efficiency of their service delivery, including affordable access to new technologies and treatment options. These efforts will also address and expand patient care pathways, potentially increasing access to care for patients. Medtronic will initially administer four UHSM cath labs at Wythenshawe Hospital and five Imperial College Healthcare cath labs based at Hammersmith Hospital.

“We recently announced our acquisition of Cardiocom, which extends our presence and impact in chronic disease management, as part of our expansion beyond devices to healthcare services and solutions,” said Omar Ishrak, chairman and CEO of Medtronic. “With today's announcement, we have now formed a Hospital Solutions business aimed at addressing efficiency and operational improvement exclusively focused on delivering better clinical and economic outcomes and value for hospitals.”

“We are acutely aware of the pressures facing hospitals and believe that we can play a very active role in helping them to manage these challenges,” added Frederic Noel, vice president of Medtronic Hospital Solutions. “This new business is about offering healthcare providers more than products. By applying high quality, efficient lean processes we can provide long-term, all-inclusive solutions that can help hospitals treat patients more efficiently while maintaining the highest quality of care.”

Medtronic also announced that it has recently entered into a strategic collaboration with NGC Medical (NGC; Novedrate, Italy), which has specific expertise and an established track record managing outsourced cath labs in Italy. Under the terms of the agreement, Medtronic purchased a 30% equity stake in NGC, with an agreement to expand NGC's business beyond Italy.

Related Links:
Medtronic
University Hospital of South Manchester NHS Trust
NGC Medical