Philips Wins $88.5 Million Pentagon Medical Imaging Contract

The Department of Defense awarded Philips (NYSE: PHG  ) Healthcare Informatics an $88.5 million-ceiling value, firm-fixed-price contract for the supply of a digital imaging network-picture archive system. In so doing, it made progress on a project that's been in the works for 16 years.

In 1997, the DoD first issued requirements for what was then designated the "Digital Imaging Network-Picture Archiving and Communications System." At the time, DIN-PACS was described as "an open systems network of digital devices designed for the effective acquisition, transmission, display and management of diagnostic imaging studies." In essence, it would digitize X-Ray and MRI scans and put them in a form that could be easily transmitted from doctor-to-doctor electronically. DIN-PACS would be made interoperable with not just civilian hospitals in the U.S., but designed based on two truly international standards, Digital Imaging and Communications in Medicine (DICOM) and Health Level 7 (HL7).

Philips' work on the project is expected to be initially completed by June 2, 2015, however, this contract contains the possibility of a two-year option period, and an additional one-year option period, being tacked on after that date.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2461105, ~/Articles/ArticleHandler.aspx, 9/18/2014 4:09:58 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement