Philips introduces pay-per-use model for medical technology

 17 March 2008

Royal Philips Electronics (NYSE: PHG, AEX: PHI) has introduced a pay-per-use approach for users of its medical technology in which it shares the risk associated with patient examinations or patient volume.

It also has a 'managed Services' model that 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.

The company highlighted its new approach at the recent European Congress of Radiology 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.”

At ECR 2008, Philips Healthcare also unveiled the HD7 (not available in USA), a new ultrasound system that incorporates the most useful features and capabilities of a top-end system within an affordable, compact, mobile unit that can be used for a wide range of clinical applications including obstetrics, urology and cardiology.

The company also launched the MammoDiagnost DR (not available in USA), 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.