Profile: Koninklijke Philips NV (PHG)
23 May 2017
Koninklijke Philips N.V., incorporated on November 14, 2000, is a health technology company. The Company's segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company is the parent company of the Philips Group (Philips).
Personal Health businesses
The Company's Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease. The Personal Health segment consists of Health and Wellness, which include mother and child care, oral healthcare and pain relief; Personal Care, which include male grooming and beauty; Domestic Appliances, which include kitchen appliances, coffee, air, garment care and floor care, and Sleep and Respiratory Care, which include sleep, respiratory care and respiratory drug delivery. Through its Personal Health businesses, the Company offers a range of products from high to low price/value quartiles. Its portfolio of connected consumer health products leverages Philips HealthSuite, a cloud-enabled connected health ecosystem of devices, applications and digital tools that enables personalized health and continuous care.
Diagnosis & Treatment businesses
The Company's Diagnosis & Treatment businesses segment delivers precision medicine, and treatment and therapy. With its image-guided therapy, clinicians are provided with the technology that determines the presence of disease and guide treatment procedures. Its solutions enable patient-specific treatment planning and selection, simplify complex procedures through integrated real-time guidance and provide treatment solutions. It provides image guidance both in its products and by partnering with radiation therapy companies to deliver cancer treatment. In addition to its solutions for clinical pathways, the Company provides a range of technologies to help its customers manage their operational results. The Company's suite of software services manages radiology department operations. PerformanceBridge is a multi-vendor offering that provides practice management, dose management and service analytics. It can be delivered as a service offering or as a professional service where its people partner with its customers.
The Diagnosis & Treatment segment consists of Diagnostic Imaging, Image-Guided Therapy and Ultrasound businesses. Its Diagnostic Imaging business provides Magnetic Resonance Imaging; Computed Tomography; Diagnostic X-Ray, which includes digital X-ray and mammography; Advanced Molecular Imaging, and integrated clinical solutions, which include radiation oncology planning, disease-specific oncology solutions and X-Ray dose management. Its Image-Guided Therapy business provides interventional X-ray systems, encompassing cardiology, radiology and surgery, and interventional imaging and therapy devices that include Intravascular Ultrasound (IVUS), Fractional Flow Reserve (FFR) and atherectomy for the treatment of coronary artery and peripheral vascular disease. Ultrasound business provides imaging products focused on diagnosis, treatment planning and guidance for cardiology, general imaging, Obstetrics/Gynecology, and point-of-care applications, as well as software capabilities.
Connected Care & Health Informatics businesses
The Company's Connected Care & Health Informatics businesses segment provides consumers, care givers and clinicians with digital solutions that facilitate care by enabling precision medicine and population health management. Its Philips HealthSuite is a cloud-based connected health ecosystem of devices, applications and digital tools. Applying analytics and algorithms, it can use data to deliver predictive, personalized insights to support healthcare professionals in making clinical decisions, or to alert medical teams to potential problems. The Connected Care & Health Informatics segment consists of Patient Care & Monitoring Solutions, Healthcare Informatics, Solutions & Services and Population Health Management. It offers patient monitoring solutions, from value solutions to connected solutions, for real-time clinical information at the patient's bedside; patient analytics, patient monitoring and clinical decision support systems, including diagnostic electrocardiogram (ECG) data management for cardiac care; therapeutic care, including cardiac resuscitation, emergency care solutions, invasive and non-invasive ventilators for acute and sub-acute hospital environments, and respiratory monitoring devices; consumables across the patient monitoring and therapeutic care businesses, and customer service, including clinical, information technology (IT), technical and remote customer propositions.
The Company's Healthcare Informatics, Solutions and Services comprises healthcare IT, clinical and visualization and quantification informatics solutions for radiology, cardiology, oncology and neurology departments. It also offers Universal Data Management solutions, Picture Archiving and Communication Systems (PACS) and fully integrated Electronic Medical Record (EMR) systems to support healthcare enterprises in optimizing health system performance. It also includes a professional services business (Healthcare Transformation Services) spanning consulting, education, clinical and business performance improvement, program management and system integration services, as well as the Philips HealthSuite digital platform. This platform enables interoperability, data security, big data and predictive analytics, optimized workflows and care pathways, application development, patient centricity and engagement for the solutions part of the Philips HealthSuite connected health ecosystem. Its Population Health Management services and solutions leverage its data, analytics and actionable workflow products and include personal health programs (application-based with medical grade measurement devices and coaching) to help people manage their health; technology-enabled monitoring and intervention (telehealth, remote patient monitoring, personal emergency response systems and care coordination) to manage aging and chronic condition experiences; actionable programs to predict risk (including medication and care compliance, outreach and fall prediction), and cloud-based solutions for health organizations to manage population health.
The Company's Philips Lighting is engaged in the development, manufacture and application of lighting products, systems and services. Philips Lighting addresses people's lighting needs across a range of market segments. Indoors, it offers lighting products, systems and services for homes, shops, offices, schools, hotels, factories and hospitals. Outdoors, it offers products, systems and services for roads, streets, public spaces, residential areas and sports arenas, as well as solar-powered light-emitting diode (LED) off-grid lighting. It offers specific applications of lighting in specialized areas, such as entertainment, horticulture and water purification. Philips Lighting spanned a lighting value chain, from lamps, luminaires, electronics and controls to connected and application-specific systems and services, through the business groups Lamps, LED, Professional and Home. Philips Lighting offers solutions across the lighting value chain, including software, controls, luminaires, light sources and modules.
The Company competes with Procter & Gamble, Groupe SEB and ResMed.
Koninklijke Philips NV
Amstelplein 2, Postbus 77900
AMSTERDAM 1070 MX