Stryker enters agreement with Philips to help health systems drive down device costs, lower environmental footprint

Program allows hospitals to buy reprocessed and new ECG leads for same low price

Tempe, Arizona, USA – October 24, 2017 – Stryker’s Sustainability Solutions division (Stryker) announced today an agreement with Royal Philips to allow health systems engaged in single-use device (SUD) reprocessing with Stryker to purchase new and reprocessed Philips ECG leads for one low price. The Save Simply program is a unique way to simplify the supply chain, help drive down device costs, and lower the environmental footprint of care, expanding on the nearly $300M supply savings Stryker delivers to U.S. health systems annually. The program furthers Philips’ ongoing commitment to sustainability as an integral part of the company’s business practices and its vision of improving the lives of 3 billion people each year by 2025.

“Save Simply is a major win for health systems in their battle to become more financially and environmentally sustainable without sacrificing quality care,” said Brian White, President, Stryker’s Sustainability Solutions division. “The program concept was born out of our unrelenting focus on growing the savings and total value delivered by our reprocessing programs. We’re thrilled to have Philips as the program’s inaugural partner. The company’s agreement to have its new ECG leads supplement available supply of Stryker reprocessed leads is unprecedented and underscores health systems’ interest in device programs that deliver value.”

“At Philips, we fully embrace sustainability, because we believe that using less is no longer enough and there’s always a way to make life better,” said Felix Baader, Business Leader Patient Monitoring, Philips. “To truly realize the benefits for society, we understand that we can do more by working together, and we strongly believe that through the use of technology and responsible leadership, we can help increase access to quality healthcare and improve health outcomes for all.”

The supply chain is simplified because health systems can purchase new and reprocessed devices through one vendor (Stryker), utilizing one PO, for one low price. Additionally, they don’t have to worry about fluctuating reprocessed device inventory. All orders are filled with Stryker’s reprocessed SUDs first and supplemented by new devices, as necessary. The 100 percent fill rate guarantees predictable and sustainable savings while helping to divert waste from landfills. 

The Save Simply program is available to hospitals that currently purchase Philips lead sets, IntelliVue trunk cables, adapters and MX40 adapters. To learn more, visit sustainability.stryker/com/save-simply/.

About Stryker

Stryker is one of the world’s leading medical technology companies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. More information is available at www.stryker.com.

About Sustainability Solutions

Stryker’s Sustainability Solutions division is the leading provider of reprocessing and remanufacturing services for medical devices. For more information about Stryker’s commitment to the smart, sustainable delivery of healthcare, visit sustainability.stryker.com.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips' health technology portfolio generated 2016 sales of EUR 17.4 billion and employs approximately 70,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Media contacts

Sara Payne
Inprela Communications
sara@inprela.com 
612 677 2024

Sherri Oakson
Stryker 
sherri.oakson@stryker.com
623 217 1874

Kathy O’Reilly 
Philips Group Communications
Kathy.oreilly@philips.com
978 659 2638

Ingrid Mitchell
Philips Patient Care and Monitoring Solutions
ingrid.e.mitchell@philips.com
978 482 5949