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Siemens' innovative imaging technology aims to cut costs

This article was originally published in Clinica

Executive Summary

In a bid to secure its global position and maintain its aim of improving healthcare quality, whilst reducing costs, Siemens Medical Solutions is focusing on improving overall productivity by boosting its integrated workflow technology. The investments of the company in research and development also reflect this aim. In the past fiscal year alone, the medical solutions division spent Euros674m ($805m) - almost10% of sales - toward this effort. "Two thirds of our products are less than three years old and every single workday our developers file three patent applications," explained Professor Erich Reinhardt, chairman of the group executive board of Siemens Medical Solutions.

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