Phillips Eye Institute

What Phillips Eye Institute does

Phillips Eye Institute is a non-profit specialty ophthalmology center operating as a department of Abbott Northwestern Hospital within the Allina Health system, based at 920 E 28th St in Minneapolis, Minnesota. The organization is dedicated to the diagnosis and treatment of eye diseases and disorders, with credentialed ophthalmologists delivering an extensive array of specialty services spanning routine eye procedures and the monitoring of complex eye conditions. Originally established as a freestanding eye specialty center associated with Mount Sinai Medical Center and named after benefactor Jay Phillips, the institute now functions as an integrated service line of Allina Health, with patient access routed through the Allina Health website, MyChart portal, and provider directory.

The institute's core offerings comprise two interconnected products. The first is the specialty eye care service, which leverages dedicated clinical equipment, technology, physicians, and staff to address a broad spectrum of eye health issues from routine procedures to complex disorder management. The second is the Phillips Eye Institute Pharmacy, which provides specialty compounded prescriptions for eye treatments and has been relocated to the Heart Hospital Pharmacy on the Abbott Northwestern Hospital campus; this pharmacy serves both postoperative patients and retail customers requiring specialty ophthalmology medications. The facility also supports patient education through downloadable resources such as eye surgery guides.

Phillips Eye Institute generates revenue through the provision of professional healthcare services — including surgical procedures, specialty consultations, and pharmacy dispensing — billed to patients and insurers in line with standard U.S. healthcare reimbursement practice. The go-to-market model is direct-to-consumer within the Allina Health ecosystem: patients access services via provider referrals or self-directed scheduling through Allina's digital platform, with multiple locations available across the regional service area. The institute is supported through philanthropy via the Allina Health donation portal, where donors can direct contributions to the Phillips Eye Institute General Fund. No public pricing, revenue figures, or quantitative utilization data are disclosed.

Name

Phillips Eye Institute

Legal name

Phillips Eye Institute

Website

https://phillipseyeinstitute.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Phillips Eye Institute is a non-profit specialty ophthalmology department of Abbott Northwestern Hospital within Allina Health, based in Minneapolis, providing credentialed ophthalmologist care for eye diseases and disorders plus a specialty pharmacy for compounded eye prescriptions, accessed via the Allina Health system.

Ownership category

akta.pro rank

Product category

Specialty Ophthalmology Services

NAICS

Offices of Physicians (except Mental Health Specialists) (621111), Offices of Physicians (62111)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro industry

PRIMARYHLAKAKAC

Ophthalmology Clinics (Medical & Surgical Eye Care)

Healthcare & Life Sciences/Specialist Medical Practice/Ophthalmology & Optometry

SECONDARYHLAFAHAJ

Ophthalmic Specialty Hospitals

Healthcare & Life Sciences/Healthcare Providers & Systems/Specialty Hospitals & Inpatient Specialty Care

Keywords

• Ophthalmology services
• Specialty eye care
• Eye surgery
• Specialty pharmacy
• Vision care

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Healthcare Services Revenue: Phillips Eye Institute generates revenue through provision of eye care medical services including specialty ophthalmology treatments, surgical procedures, and pharmacy services for postoperative patients and retail customers. Services are delivered through credentialed ophthalmologists at the facility.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Phillips Eye Institute is a hospital-based specialty eye-care provider offering ophthalmology services, including routine eye procedures and ongoing management of complex eye disorders, to patients in the Minneapolis area. It also operates a specialty pharmacy that dispenses ophthalmology prescriptions and over-the-counter eye-care products, with pharmacist-led patient counseling. Care is delivered as a department of Abbott Northwestern Hospital within the Allina Health system.

Product overview

Phillips Eye Institute operates as a single unified specialty eye care center, functioning as a department of Abbott Northwestern Hospital. The organization provides two interconnected offerings: specialty ophthalmology services for diagnosis and treatment of eye diseases and disorders, and the Phillips Eye Institute Pharmacy which provides specialty compounded prescriptions for eye treatments. These services are designed to ensure patients receive appropriate care across routine procedures and complex disorder management.

Differentiator

Problem solved

Functional benefit

Products and services

• Specialty Ophthalmology Care Hospital-based ophthalmology services for adult patients in Minneapolis, including routine eye procedures and ongoing management of complex eye disorders, delivered within the Allina Health system.
• Phillips Eye Institute Pharmacy Specialty pharmacy dispensing ophthalmology prescriptions and over-the-counter eye-care products, with pharmacist-led patient counseling for patients receiving eye care at the institute.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Abbott Northwestern HospitalcoreOthersPhillips Eye Institute operates as a department of Abbott Northwestern Hospital, part of the Allina Health system. This organizational relationship provides the institutional framework for delivering eye care services with hospital-level resources and infrastructure.
• Allina HealthcoreOthersPhillips Eye Institute is part of the Allina Health health system, operating as a specialized service line. Services are delivered through the Allina Health digital platform including MyChart and the Allina Health provider network. Donations can be made through the Allina Health donation portal.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• Wills Eye Hospital: Wills Eye Hospital is a freestanding specialty eye hospital in Philadelphia offering comprehensive ophthalmology services across subspecialties, directly comparable to Phillips Eye Institute's model as a dedicated eye specialty center with credentialed ophthalmologists.
• Bascom Palmer Eye Institute: Bascom Palmer Eye Institute is a freestanding specialty eye hospital and one of the leading ophthalmology specialty centers in the U.S., comparable to Phillips Eye Institute in its dedicated focus on medical and surgical eye care delivered by credentialed ophthalmologists.
• Mass Eye and Ear (Massachusetts Eye and Ear): Mass Eye and Ear is a specialty hospital affiliated with Harvard Medical School focused on ophthalmology and otolaryngology, providing comparable specialty eye care services across routine and complex disorders to Phillips Eye Institute.

Broad incumbents

• Mayo Clinic Ophthalmology: Mayo Clinic's Department of Ophthalmology is a major academic ophthalmology program based in Rochester, Minnesota, providing comprehensive specialty eye care. As a broader incumbent with extensive resources, it competes with Phillips Eye Institute in the Minnesota market for complex ophthalmology cases.
• Cleveland Clinic Cole Eye Institute: Cole Eye Institute is Cleveland Clinic's dedicated ophthalmology specialty center offering comprehensive eye care across subspecialties, comparable in mission to Phillips Eye Institute but operating as part of a much larger national health system.
• Wilmer Eye Institute (Johns Hopkins): Wilmer Eye Institute is a leading academic ophthalmology center at Johns Hopkins, comparable to Phillips Eye Institute in providing specialty eye care across all subspecialties but with substantially greater scale and research capabilities.
• University of Iowa Hospitals & Clinics Ophthalmology: The University of Iowa's ophthalmology service is an academic specialty eye care program comparable to Phillips Eye Institute in offering credentialed ophthalmologist-delivered care for routine and complex eye conditions.
• Kellogg Eye Center (University of Michigan): Kellogg Eye Center is the University of Michigan's specialty ophthalmology center providing comprehensive eye care services comparable to Phillips Eye Institute's specialty focus, though operating within a much larger academic medical enterprise.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/phillips-eye-institute

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phillips Eye Institute