Download MIT and other BG`s: Current Business, Future Outlook

Annual Results 2004
• January 27, 2005
Acquisition of Stentor Inc.
Mr. Jouko Karvinen
President and CEO
Philips Medical Systems
• Founded in November 1998, based in Brisbane, CA
• Picture Archiving and Communications Systems (PACS)
• A unique technology and service model
• 50 % on-going and projected growth rate
• 11% unit share of new PACS installations in 2004 in North America
• #1 in Customer Satisfaction 2003, 2004 and mid-2005
• >200 installations in >100 healthcare institutions in North America
(Sources Frost & Sullivan and KLAS Customer Satisfaction Studies 2003, 2004 and mid-2005)
06-July-05
3
Philips Medical Systems in 2004
Imaging Systems
EUR 2.8 bln
Nuclear Medicine
Customer Services
EUR 1.6 bln
CT
Information and
Monitoring Solutions
EUR 1.5 bln
MR
Consultancy
Medical IT
PET
Clinical services
Ultrasound
Asset management
Patient Monitoring
and Cardiac Devices
X-Ray
Maintenance
& Repair
06-July-05
Document services
4
Focus on the Care Cycle
Operating room
Monitoring
Imaging
Information &
Decision support
Treatment
Intensive
Care unit
Monitoring
Diagnostics
Step down
facility
Diagnostics
Imaging
Monitoring
Pre-Hospital/
Ambulance
Monitoring
06-July-05
Follow Up
Home
Monitoring
5
Why
?
• Unique – and proven - customer experience - #1 by
KLAS in 2003, 2004 and mid-2005
• Unique Technology with access to full detail of clinical
images anytime, anywhere – faster and at lower cost
• Strong team with strong leaders who are eager to
multiply the business within Philips
• A shared vision of the future
• Strong market, clinical and technology synergies
• Strong combined market position #2 to start with
06-July-05
6
Annual Results 2004
• January 27, 2005
Acquisition of Stentor Inc.
Mr. Stan Smits
Senior Vice President
Philips Medical Systems
Philips Radiology IT Solutions
Xtenity RIS (USA)
Philips iSite
Radiology
PACS
Philips iSite
Enterprise
distribution
ViewForum &
Advanced Clinical
Applications
Scheduling,
worklist
management
Workflow
management,
image review
and reporting
Web-enabled
cost-effective
information
distribution
Multi-modality
image viewing
and processing
EasyRIS
A comprehensive radiology IT portfolio
06-July-05
9
Benefits of PACS
Management of radiology:
Radiologist:
•
•
•
•
•
•
•
•
•
•
•
•
•
Cost reduction
More examinations per modality
Better service to referring physicians
Standardization of work processes
Control of workflow
Automated billing
Management information
06-July-05
Increase productivity
More accurate diagnostics
Less disturbance by referring physicians
Handling of MR and CT examinations
Tele-consult colleagues
Work from home
10
Philips’ and Stentors’ combined worldwide
presence and installed base
North America,
Europe and
Japan Account
for 80% of the
total market
Over 1600 PACS systems for Radiology and/or Cardiology installed worldwide!
Dots give indication of installation of one or more Radio and/or Cardio PACS system
06-July-05
11
Healthcare IT Market
Consulting
Infrastructure IT
Enterprise IT
IT in Healthcare = Infrastructure IT + Healthcare IT
Healthcare IT = Enterprise IT + Clinical IT/PACS
Healthcare IT is:
• very fragmented (1200+ companies)
• a $ 26 Bln market (USA 70%)
• with an average growth 11%/year
Clinical IT/PACS
Imaging
& Monitors
Consulting: Business Processing Re-engineering
(BPR), Institutional Transformation:
Alliance Programs
Infrastructure IT: IT Hardware, Op. Systems,
Networks, Office Desktop. Outsourced infrastructure:
Reseller agreements
$2.4 Bln
$23.8 Bln
$35.7 Bln
Source: CapGemini U.S., DeLoitte, Gartner
Enterprise IT: Clinical Data Repository, CPOE, EMR and
Departmental IT: RIS, CVIS, etc.:
Philips Xtenity powered by Epic
Clinical IT/PACS: PACS, Workstations,
Clinical Applications, Decision
Support, Monitoring related IT
products: Many Philips Medical
Systems products
Total IT in Healthcare $62 Bln (USA 50%) in 2004
06-July-05
12
Global Radiology and Cardiology PACS market
Global PACS market 2004E: $ 1.8 Bln
Growth 9% per year
US Market share Radiology PACS 2004 in units
26%
7%
6%
7%
18%
8%
9%
9%
10%
GE
Philips+Stentor
Siemens
Fuji
Agfa
McKesson
Emageon
Amicas
Others
Source: Frost & Sullivan 2004
06-July-05
13
Strengthen our competitive position
By completing our portfolio
Stentor iSite
Clinical IT
PACS
Enterprise IT
Imaging
Monitoring
GE
Siemens
Film Companies
HIT Companies
Niche Players
Philips BEST in CLASS in all major categories
06-July-05
14
iSite fits in the complete Vequion portfolio
Intgris Allura
PACS
Xtenity
Imaging Modalities,
Monitoring
Clinical IT
PACS
Enterprise IT
Powered by Epic
Guaranteeing a consistent UI and full interoperability
06-July-05
15
Annual Results 2004
• January 27, 2005