March 12, 2024

  * Cloud offering will help improve workflow integration, access, and
    reliability, delivering greater productivity and collaboration
  * Collaboration combines best of clinical workflow leadership with scalable
    cloud solution to help accelerate decision-making and further transform
    patient care

Amsterdam, the Netherlands and Orlando, USA - Royal Philips
(http://www.philips.com/newscenter) (NYSE: PHG, AEX: PHIA), a global leader in
health technology, today announced an expanded collaboration with Amazon Web
Services (AWS) to address the growing need for secure, scalable digital
pathology solutions in the cloud. The collaboration unites Philips' leadership
and expertise in digitization of pathology to optimize clinical workflows and
AWS' leadership in scalable, secure cloud solutions.
Philips and AWS will advance digital pathology and help pathology labs to
efficiently store, manage, and analyze growing volumes of digital pathology data
and enable more pathology labs to adopt digital workflows to increase
productivity. In addition, pathology labs will be able to optimize workflow
efficiency and facilitate collaboration among specialists, enabling seamless
integration with existing healthcare systems to deliver holistic patient care.
Through examination of patient tissue samples, pathology plays a crucial role in
the diagnosis and management of a variety of diseases, particularly cancer. With
an estimated 70% of important medical decisions involving laboratory or
pathology tests (1), the availability of digitally stored pathology images is
especially important as it has a significant impact on patient care. The growing
need for scalable storage to meet new data volumes and computing resources to
power innovative artificial intelligence (AI) models, calls for expanding
capabilities of traditional on-premise solutions into the cloud.
"By harnessing the power of the cloud to accelerate the digitization of
pathology, we are improving the quality of patient care by enabling greater
workflow efficiency and collaboration at scale," said Shez Partovi, Chief
Innovation & Strategy Officer and Chief Business Leader Enterprise Informatics
at Philips. "As the demand for pathology-based diagnosis continues to increase,
we see digital pathology in the cloud as a critical enabler for productivity,
scale and to further transform healthcare diagnostics by opening new avenues for
research, education, and the integration of AI to further improve patient care."
Philips is an industry-leading (https://www.philips.com/a-
w/about/news/archive/standard/news/articles/2023/20231129-klas-research-us-
digital-pathology-report-confirms-philips-as-one-of-the-industry-s-leading-
players.html) provider of digital pathology solutions, with more than 300
customers using the fully digital workflow of Philips IntelliSite Pathology
(https://www.usa.philips.com/healthcare/solutions/pathology). Philips'
collaboration with AWS has the potential to enable large scale clinical trials,
multi-institute studies, and care collaboration to address complex cases,
including in cancer care. Philips will use AWS HealthImaging
(https://aws.amazon.com/healthimaging/) to optimize storage, increase scale and
enable AI and research across the healthcare system to advance pathology image
analysis and simplify clinical workflows. Additionally, Amazon Bedrock, which
offers high-performing foundation models (FMs), will support generative AI
application development and integration.
"Healthcare organizations benefit when clinical workflow leadership is combined
with scalable cloud infrastructure. By building their cloud-native enterprise
pathology solution on services like AWS HealthImaging and Amazon Bedrock,
Philips is offering their customers the best of both worlds," said Tehsin Syed,
GM of Health AI at AWS. "Secure cloud-based offerings address the growing demand
to store and utilize more data, and by digitizing pathology healthcare leaders
can apply AI and ML to drive better insights. We look forward to continued work
with Philips to help improve productivity, advance research, and ultimately
enable more precise and tailored patient care."
Combined with Philips HealthSuite Imaging
(https://www.usa.philips.com/healthcare/campaign/cloud-healthsuite-
imaging?_ga=2.106419907.1974668129.1708426944-1338300567.1707426849) on AWS to
support radiologists, Philips' broad capabilities in enterprise informatics
enable an integrated diagnostics approach to empower clinicians with improved
diagnostic workflows, quicker access to images from any location - helping along
the entire workflow across enterprise imaging, from diagnosis to treatment
options and follow-up.
For more information on Philips' informatics solutions and news at HIMSS, please
visit here (https://www.philips.com/a-w/about/news/philips-at-himss-2024.html)
or join us in person at the HIMSS 2024
(https://www.usa.philips.com/healthcare/about/events-
calendar/himss?_ga=2.262000014.2082836779.1709562129-1338300567.1707426849)
conference, booth #2041 and follow #HIMSS24 for updates.
(1) Report of the Second Phase of the Review of NHS Pathology Services in
England, Lord Carter of Coles (2008). Results are specific to the institution
where they were obtained and may not reflect the results achievable at other
institutions.
For further information, please contact:
Anna Hogrebe
Philips External Relations
Tel.: +1 416 270 6757
E-mail: anna.hogrebe@philips.com (mailto:anna.hogrebe@philips.com)
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 2023 sales of EUR 18.2 billion and employs
approximately 69,700 employees with sales and services in more than 100
countries. News about Philips can be found at www.philips.com/newscenter
(http://www.philips.com/newscenter).
Â