Bloomberg Businessweek

ICYMI: Philips North American CEO on Health-Tech and, AI

May 15, 2025
Jeff DiLullo, Chief Region Leader of Philips North America, dives into the changing landscape of health technology amid tariffs and trade tensions. He discusses the push for local manufacturing and how AI is reshaping radiology to improve patient outcomes. DiLullo highlights the balance between regulatory compliance and innovation, emphasizing adaptive strategies in supply chains. He also addresses workforce shortages and the need for innovative workflows in medical imaging, showcasing the resilience and future potential of the healthcare technology market.
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ANECDOTE

Philips' U.S. Manufacturing Expansion

  • Philips has been regionalizing its production in North America, especially in Minnesota and New York State.
  • They make unique products like helium-free MRI magnets in New York shipped worldwide.
INSIGHT

AI Revolutionizing MRI Scans

  • AI enhances medical imaging by making scans faster and clearer without adding noise.
  • This improves patient outcomes and increases scanner throughput, reducing wait times.
INSIGHT

AI Assists Radiologists with Diagnosis

  • AI prioritizes important cases and flags anomalies for radiologists, saving reading time.
  • This addresses radiologist shortages and improves diagnostic accuracy at scale.
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