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    PHIA   NL0000009538

PHILIPS NV

(PHIA)
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Real-time Euronext Amsterdam  -  11:35:02 2023-02-03 am EST
16.49 EUR   -1.20%
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Royal Philips Announces Its Portfolio of Smart Diagnostic Systems and Transformative Workflow Solutions Featured at the Radiological Society of North America Annual Meeting

11/27/2022 | 09:00am EST

Royal Philips announced its portfolio of smart diagnostic systems and transformative workflow solutions featured at the Radiological Society of North America (RSNA) annual meeting (November 27 – December 1, Chicago, USA). Powered by AI, the company will showcase its latest systems and informatics solutions designed for providers to efficiently deliver patient-centric, high-quality imaging services. Overwhelming volume of radiology data compounding staff shortages and burnout Radiology plays a critical role in diagnosing and guiding patients into the right treatment plans.

However, with increasing staff shortages and workloads, radiologists and staff continue to struggle to manage and interpret the huge volume of data captured to provide quality care for each patient. In the recent Future Health Index 2022 report commissioned by Philips, 24% of radiology leaders surveyed stated that managing the sheer volume of data available to them is their top data-related issue, with nearly two-thirds (65%) indicating their staff are overwhelmed by data overload. AI-powered solutions enhance operational efficiencies and simplify complex workflows.

Some of the biggest challenges facing radiology leaders are driven by managing complex, disconnected workflows which can negatively impact patient care, staff experience, outcomes, and cost. Visitors to the Philips booth (6730) at RSNA will see how the company's latest interoperable and vendor-neutral operational solutions and strong portfolio of smart connected imaging systems help streamline and transform the radiology workflow to improve patient and staff experience; advance clinical and diagnostic confidence for better health outcomes; and drive a sustainable, resilient diagnostic infrastructure to help lower the cost of care. Featured at RSNA will be Philips' AI-enabled technology that automates and accelerates routine and repetitive tasks to generate patient-centric insights from large volumes of data to help improve productivity.

Solutions include Philips Imaging Orchestrator – ROCC (Radiology Operations Command Center) and Philips UltrasoundCollaboration Live, both pioneering the virtualization of radiology, extending care and collaboration beyond traditional models. Philips Imaging Orchestrator – ROCC, a vendor-neutral, multi-modality, multi-site telepresence solution provides advanced tele-acquisition capabilities and seamlessly connects imaging experts at a command center with technologists at scanning locations across an organization. Philips Ultrasound Collaboration Live tele-ultrasound, available on Philips ultrasound systems – EPIQ Elite and Affiniti – allows teams to securely video stream from their ultrasound system to a PC or mobile device for remote, on-demand access to clinical expertise regardless of location.

Philips will also introduce the latest in AI-enabled image interpretation to help prioritize patient worklists based on clinical outcomes and expand diagnostic capabilities with its new Philips Advanced Visualization Workspace, with enhanced features to automate reporting and help drive earlier and more definitive diagnosis. Also featured is Philips Enterprise Performance Analytics – PerformanceBridge – to enhance operational decision-making through a vendor-neutral, real-time data analysis solution to help improve productivity and reduce costs. New at RSNA, Philips' AI-powered MR SmartSpeed is designed to increase speed, image quality, and productivity and drive diagnostic confidence with improved image resolution via the AI reconstruction algorithm. It utilizes Philips' speed engine and an AI reconstruction technology delivered at the source of the MR signal to ensure no data loss.

SmartSpeed joins the company's expanding portfolio of AI-driven MR solutions which includes AI-based touchless patient sensing, SmartExam, and MR Workspace. Philips will also showcase MR 5300, Philips' newest BlueSeal Magnet, and industry-first wide bore helium-free operations system design for sustainable imaging at lower site costs without image quality or clinical compromises.


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Analyst Recommendations on PHILIPS NV
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Financials
Sales 2022 17 434 M 18 919 M 18 919 M
Net income 2022 -1 496 M -1 624 M -1 624 M
Net Debt 2022 5 931 M 6 436 M 6 436 M
P/E ratio 2022 -11,0x
Yield 2022 4,70%
Capitalization 14 537 M 15 776 M 15 776 M
EV / Sales 2022 1,17x
EV / Sales 2023 1,13x
Nbr of Employees 78 831
Free-Float 99,4%
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 16,49 €
Average target price 15,74 €
Spread / Average Target -4,54%
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Managers and Directors
Roy Jakobs President & Chief Executive Officer
Abhijit Bhattacharya Chief Financial Officer & Executive Vice President
Feike Sijbesma Chairman-Supervisory Board
Jan Kimpen Chief Medical Officer
Shez Partovi Chief Medical, Innovation & Strategy Officer
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