Philips' (PHG) IntelliVue Guardian Enhances Patient Outcomes
Zacks Investment Research | Mar 07, 2018 09:39PM ET
Koninklijke Philips N.V. (NYSE:PHG) recently announced that Saratoga Hospital has successfully improved patient safety and clinical outcomes by integrating Philips IntelliVue Guardian with automated Early Warning Scoring (EWS) system. IntelliVue Guardian solution provides better insights to clinicians and helps them to take better decisions, thus improving patient outcomes along with enhancing workflow.
Leveraging Saratoga Hospital’s modified early warning score (MEWS) algorithm, the IntelliVue Guardian Solution enables clinicians to discover deviations in a patient's vital signs. The solution also incorporates an automated respiration rate into its EWS calculations that improves quality and accuracy. The implementation of Philips’ patient monitoring technology has enabled Saratoga Hospital to reduce patient transfers to the intensive care unit (ICU) as well as eliminate patient codes within its 20-bed orthopedic unit.
Our Take
Philips is gradually evolving as a healthcare company, having grown its presence in the domain over the past couple of quarters. Also, the Healthcare Informatics Solutions & Services margins are improving constantly as the company is transforming this business from a hardware-oriented to a software-driven business.
In addition, Philips remains optimistic about the prospects of its Diagnosis & Treatment vertical owing to positive industry trends as Image-Guided Therapy and Ultrasound equipment sales are acting as major profit churners. In the past three months, this Zacks Rank #3 (Hold) stock has gained 2% against the Original post
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