University Hospitals downtown Cleveland

Medtronic plc (NYSE:MDT), a medical technology company headquartered in Dublin, Ireland, has signed an agreement with University Hospitals to improve care delivery and patient experience.

Through Medtronic's first Integrated Health Solutions Agreement in the United States, it will partner with UH to implement models to improve workflow and find operational efficiencies for catheterization and electrophysiology laboratories at UH Cleveland Medical Center, according to a news release.

"Our collaboration with Medtronic gives us a unique opportunity to learn from their international best practices in inventory management and scheduling optimization, " said Dr. Jeffrey Peters, UH chief operating officer, in a statement. "We are excited to embed their expertise into our clinical operations, allowing our clinical staff to focus on providing the highest level of cardiovascular care for our patients."

In addition to operational efficiencies, UH expects the partnership with Medtronic to help better manage rising health care costs, according to the release.

Clinical-support operations in cath and EP labs, such as lab management, scheduling and room turnover, help to ensure cardiologists can identify and diagnose patients' cardiovascular conditions.

"Our Integrated Health Solutions business was formed as part of a commitment to advance healthcare delivery in more cost-effective ways, " said Mike Genau, senior vice president and president of Americas Region for Medtronic, in a statement.

"Our goal in collaborating with UH is to enhance patient care and system efficiency through the unique combination of operational insights, data, medical technology and services, " he said. "Medtronic has more than 65 years of experience to bring to the table, and we intend to be a close associate in implementing innovative solutions along the way."