Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it is expanding its radiology solutions portfolio with innovative teleradiology services, aimed at addressing the increasing shortage of radiologists, as well as the pressing need to improve access to precision diagnoses. Philips’ new telehealth services will build on its cloud-based radiology informatics portfolio of Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archive (VNA) solutions, combined with advanced analytics, visualization and workflow applications, to now also include advanced teleradiology viewing and reporting capabilities, on-call radiologist services, and related exam workflow enhancement applications.
Teleradiology involves the remote interpretation of patient images from medical imaging exams, such as CT, MR, and X-ray exams, by radiologists without needing them to be in the same location as the patient. It includes remotely storing, retrieving, viewing and analyzing medical images by clinical experts anywhere, so that patients can receive optimal treatment via their local caregivers, wherever they are. The global teleradiology market is among the fastest growing segments in the radiology and the clinical services outsourcing market, and is expected to be a sizable part of the imaging interpretation market within the next few years.
“As health systems worldwide struggle with the ever increasing costs and shortage of care providers, teleradiology will be a key enabler to optimally use the available resources, and support radiology departments to improve the speed and accuracy of image interpretation,” said Sham Sokka, business leader of Radiology Solutions at Philips. "We see imaging as a system and deliver innovation to support the needs of all the people behind the images by seamlessly integrating technology and data. Our new teleradiology services address a pressing need, while providing a strong platform for Philips’ future growth in the telehealth market.”
Philips already provides the IT infrastructure for advanced telehealth solutions to improve collaboration among clinical care teams, and HealthSuite Digital Platform, a digital framework that connects consumers, patients and healthcare providers in a cloud-based ecosystem of devices, apps and tools.
Philips’ new teleradiology services build on the recent acquisition of the teleradiology platform of US-based Direct Radiology [1], that Philips plans to scale to support radiologists globally. This complements Philips’ organic innovation initiatives to expand its Radiology Solutions portfolio. The Direct Radiology business currently provides services for more than 300 hospitals, imaging centers, mobile imaging services, and doctors’ offices across the US.
[1] Philips has acquired Direct Radiology’s teleradiology platform and business operations, including its employees. The medical practice part of Direct Radiology (the independent contractors physician group) will continue to operate independently through managed service agreements.
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Philips convenes the 2019 Annual General Meeting of Shareholders
Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today convenes the 2019 Annual General Meeting of Shareholders (AGM) and publishes the agenda with explanatory notes. The agenda includes proposals to re-appoint Frans van Houten as President/CEO and member of the Board of Management, and Abhijit Bhattacharya as member of the Board of Management fulfilling the role of CFO. The AGM agenda also includes proposals to re-appoint David Pyott as a member of the Supervisory Board with immediate effect, and to appoint Elizabeth Doherty as a member of the Supervisory Board per August 1, 2019.
Ms Doherty is a senior finance executive with 30 years of international finance experience in large multi-national organizations across a range of industries. She has extensive operational experience in international consumer and retail businesses, specifically with branding, marketing and online sales. Her expertise will be invaluable in view of Philips’ transformation into a customer-centric solutions company focused on health technology across the personal health and professional healthcare domains.
As previously reported, Heino von Prondzynski, whose third term will expire at the end of the AGM 2019, and Jackson Tai, whose second term will expire, will step down as members of the Supervisory Board.
Furthermore, the agenda includes the proposal to re-appoint Ernst & Young Accountants LLP as the external auditor of Philips. The AGM will be held at the Hotel Okura Amsterdam (Ferdinand Bolstraat 333, Amsterdam) on Thursday May 9, 2019, beginning at 14:00 hours CET.
Click here *to view the complete agenda with explanatory notes, the Annual Report 2018 (which was published on February 26, 2019), the binding nominations, as well as all other documents related to the AGM, including the new services agreements between the company and each of Mr Van Houten and Mr Bhattacharya.
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https://www.philips.com/a-w/about/investor/shareholder-info/shareholder-meetings.html
