Philips highlights AI-powered integrated diagnostic approach at ECR 2023

Rhea-AI Summary

On March 1, 2023, Royal Philips (NYSE: PHG) unveiled its innovative radiology portfolio at the European Congress of Radiology in Vienna. The showcased smart imaging systems and vendor-neutral workflow solutions aim to enhance clinical confidence and operational efficiency across radiology, oncology, cardiology, and pathology.

Philips highlighted its AI-powered SmartSpeed technology that can reduce MRI scan times by up to 64%, which is critical in addressing workforce shortages and improving patient outcomes. The company emphasizes its commitment to sustainability and delivering ongoing value to healthcare providers.

Positive

• AI-powered SmartSpeed technology can reduce MRI scan times by up to 64%.
• Focus on improving operational efficiency and reducing clinical complexity.
• Commitment to sustainability and optimizing resource use in healthcare.

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• None.

March 1, 2023

Fully interoperable smart imaging systems and informatics solutions connect teams in radiology, oncology, cardiology and pathology to enhance clinical confidence and advance precision in diagnosis and treatment

Vienna, Austria and Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced its radiology portfolio of smart connected imaging systems and vendor-neutral integrated radiology workflow solutions featured at the European Congress of Radiology (ECR) international meeting (March 1-5, Vienna, Austria). Visitors to Philips @The Blue Level at ECR, the largest exposition space at the Congress, will experience how Philips’ AI-powered technology turns data into actionable insights to increase diagnostic confidence and improve clinical outcomes, enhancing patient and staff experience, driving operational efficiency, and helping lower the cost of care.

“At this year’s ECR, together with our customer partners, Philips will demonstrate how our latest AI-powered integrated smart diagnostic systems and informatics solutions can help reduce clinical complexity and drive operational efficiency to address workforce shortages and staff burnout, all while optimizing the right care pathway for patients,” said Bert van Meurs, Chief Business Leader of Image Guided Therapy and Precision Diagnosis at Philips. “With our AI-enabled technology, we can automate and accelerate routine tasks to generate patient-centric insights from large volumes of data to help improve productivity and enhance patient outcomes. Underpinning each of our innovations at ECR is Philips’ commitment to delivering sustainable, resilient diagnostic solutions that help hospitals receive ongoing value from their investments.”

Smart connected imaging systems powered by leading clinical and AI technology
Philips will showcase its latest innovations connecting radiology, cardiology, pathology and oncology across MR, CT, diagnostic X-ray and ultrasound, including MR SmartSpeed, the next-generation imaging technology that leverages Philips’ state-of-the-art speed engine and an award-winning Artificial Intelligence (AI) [1] reconstruction technology that boosts speed and image quality. In partnership with Leiden University Medical Center (Leiden, The Netherlands) Philips is innovating with AI to further speed up and improve MR examinations, with the aim to reduce scan times to less than five minutes and to reconstruct detailed MR images despite patient or internal organ movement. The approach is already showing promising results in leading hospitals worldwide.

“In systematic research studies, we have seen strong evidence of the ability of SmartSpeed to significantly accelerate acquisition times for knee and spine examinations without compromising image quality, with scan times that can be reduced up to 64% for certain sequences,” said Dr. Andra-Iza Iuga, Department of Radiology at the University Hospital of Cologne, Germany.  “Since musculoskeletal (MSK) exams make up a large part of all MR procedures, these acceleration benefits have the potential to result in significant operational cost reductions and we are currently successfully implementing the results of our research studies into our clinical routine.”

Integrated radiology workflow solutions driving operational efficiency
Optimizing clinical workflows can help eliminate waste and allow hospitals to use their resources more efficiently, which translates into improved patient flow and delivery of higher quality care to patients. At ECR, Philips will spotlight its advanced technology to simplify and connect workflows to help reduce variability and staff workload, drive operational efficiency, and enhance the patient experience.

For more information on Philips’ fully integrated radiology portfolio of imaging and informatics solutions being featured at ECR, visit the Philips ECR Press Backgrounder. Read more about Philips’ partnerships with public and private customers, peers, and industry-leading global organizations to help reduce the environmental impact of radiology.

Join Philips in person at the Blue Level at ECR, or virtually via the Philips interactive online radiology experience and follow @PhilipsLiveFrom for #ECR2023 updates throughout the event.

[1] According to the definition of AI from the EU High-Level Expert Group. 

For further information, please contact:

Kathy O’Reilly 
Philips Global Press Office 
Tel.:+1 978 221 8919 
E-Mail: kathy.oreilly@philips.com 
Twitter: @kathyoreilly 

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2022 sales of EUR 17.8 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

• Clinicians using the Advanced Visualization Workspace
• Imaging Orchestrator - the Radiology Operations Command Centre interface
• Philips SmartSpeed MR software image
• Philips MR 7700 product image
• Spectral CT product side view

FAQ

What new technologies did Royal Philips present at the European Congress of Radiology 2023?

Royal Philips showcased its AI-powered SmartSpeed technology and integrated radiology workflow solutions.

How does Philips' SmartSpeed technology benefit MRI procedures?

SmartSpeed technology can cut MRI scan times by up to 64% without compromising image quality.

When was the European Congress of Radiology 2023 held?

The event took place from March 1-5, 2023, in Vienna, Austria.

What is the main goal of Philips' innovations in radiology?

The goal is to enhance clinical confidence, improve patient outcomes, and drive operational efficiency.

What is the stock symbol for Royal Philips?

The stock symbol for Royal Philips is PHG.