Philips Shows Innovative Ways to Finance and Manage Medical Technology at ECR 2008

Royal Philips ElectronicsRoyal Philips Electronics (NYSE: PHG, AEX: PHI) today highlighted its leadership in the financing and management of medical technology solutions at the European Congress of Radiology (ECR) in Vienna. Eric-Jan Rutten, General Manager of the company's Professional Healthcare Solutions division in EMEA, used the congress's hospital management symposium as a platform to argue that change in the way medical technology is provided to hospitals is essential to improve patient care whilst managing costs.

"Innovation in technology is at the heart of our business, but it's innovation in how we provide that technology to our customers that sets us apart from the competition," said Eric-Jan Rutten. "Like our customers, we measure our success on the impact of our technologies on patient outcomes. That's why we work alongside our customers, enabling them to share business risk and ultimately build better solutions for today’s healthcare challenges."

Through its recently introduced "Pay per Use" approach, Philips Healthcare shares the risk associated with patient examinations or patient volume with the customer. In addition, its "Managed Services" model incorporates a commitment from the company to keep technology up-to-date over a fixed period, ensuring the customer is always working with the latest technology. The result is flexible, tailored and reliable business solutions for customers.

At ECR 2008, Philips Healthcare also unveiled the HD7, a new ultrasound system that incorporates the most useful features and capabilities of a top end system within an affordable, compact, mobile unit which can be used for a wide range of clinical applications including obstetrics, urology and cardiology. The company also launched the MammoDiagnost DR, Philips Healthcare's new digital solution for mammography, as well as unveiling for the first time in Europe a new ultrasound transducer designed specifically to address the challenges of scanning obese patients.

Eric-Jan Rutten, General Manager of Professional Healthcare Solutions, Global Sales & Service International, Philips Healthcare, will be speaking at the hospital management symposium at ECR 2008, taking place on Saturday 8th March, 08:30 - 13:30.

Philips Healthcare will also be hosting two symposiums at ECR 2008:
Healthcare Simplified with MR and CT, Sunday 9th March, 12:30 – 13:30, room R2
Exciting advances in ultrasound - new clinical opportunities, Sunday 9th March, 14:00 – 15:30, room R2

About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lighting and consumer lifestyle, delivering people-centric, innovative products, services and solutions through the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 123,800 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2007, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, as well as lifestyle solutions for personal wellbeing. News from Philips is located at www.philips.com/newscenter.

Most Popular Now

Mahana Therapeutics Signs Agreement with…

Mahana Therapeutics, a leading provider of prescription digital therapeutics, announced today that the company has entered into a multi-million-dollar distribution and marketing partnership with the Consumer Health division of Bayer...

ChatGPT can Outperform University Studen…

ChatGPT may match or even exceed the average grade of university students when answering assessment questions across a range of subjects including computer science, political studies, engineering, and psychology, reports...

NHS AI Diagnostic Funding: Five Things t…

Opinion Article by Guilherme Carvalho, Sales & Contracts Manager, Sectra. A new £21 million fund for AI was announced by the UK government in June, with the intention of providing NHS...

ChatGPT Shows Limited Ability to Recomme…

For many patients, the internet serves as a powerful tool for self-education on medical topics. With ChatGPT now at patients’ fingertips, researchers from Brigham and Women’s Hospital, a founding member...

Combining AI Models Improves Breast Canc…

Combining artificial intelligence (AI) systems for short- and long-term breast cancer risk results in an improved cancer risk assessment, according to a study published in Radiology, a journal of the...

AI Predictions for Colorectal Cancer: On…

Colorectal cancer (CRC) ranks second in leading causes of cancer-related deaths globally, according to the WHO. For the first time, researchers from Helmholtz Munich and the University of Technology Dresden...

Healthcare Chatbot: Expand Support with …

The Danish eHealth platform, sundhed.dk, has faced a substantial surge in requests from Danish citizens and has swiftly expanded its support and effectively adapt to the ongoing changes in queries due...

ChatGPT Shows 'Impressive' Acc…

A new study led by investigators from Mass General Brigham has found that ChatGPT was about 72 percent accurate in overall clinical decision making, from coming up with possible diagnoses...

WiFi SPARK's Healthcare Business Re…

Leading WiFi provider WiFi SPARK is rebranding its healthcare arm as SPARK Technology Services Limited. The new identity marks the completion of the integration of the former Hospedia bedside unit...

AI Performs Comparably to Human Readers …

Using a standardized assessment, researchers in the UK compared the performance of a commercially available artificial intelligence (AI) algorithm with human readers of screening mammograms. Results of their findings were...

ChatGPT is Debunking Myths on Social Med…

ChatGPT could help to increase vaccine uptake by debunking myths around jab safety, say the authors of a study published in the peer-reviewed journal Human Vaccines and Immunotherapeutics. The researchers asked...

Online AI-Based Test for Parkinson'…

An artificial intelligence (AI) tool developed by researchers at the University of Rochester can help people with Parkinson's disease remotely assess the severity of their symptoms within minutes. A study...