Company: Siemens Medical Solutions
Company Description: Siemens Medical Solutions of Siemens AG with headquarters in Malvern, Pennsylvania and Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is known for innovative medical technologies, healthcare information systems, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes.
Nomination Category: Company, Office & Product Awards Categories
Nomination Sub Category: Most Innovative Company

Nomination Title: Siemens Medical Solutions: Innovating Healthcare

1. Tell the story about what this nominated company achieved in the past year (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

As one of the largest suppliers to the healthcare industry in the world, Siemens
Medical Solutions connects diagnostic imaging and information technology (IT)
solutions to provide the most leading-edge tools for detection, diagnosis and
treatment of disease, as well as for increased efficiencies within the healthcare
environment.
 
Innovation is the backbone of the company, spending approximately nine percent
of its annual revenue on R&D. Two-thirds of its products are less than three years
old. Recent results of Siemens R&D and partnerships with leading universities
include non-invasive colonography and lung viewing applications, as well as 64-
slice computed tomography (CT) and Total imaging matrix (Tim®) technology,
enabling the world’s fastest, whole body magnetic resonance (MRI) scanning

The healthcare industry faces many challenges, ranging from the need to control
costs and increase efficiencies, to patient safety and the privacy and
portability of health information. Siemens is well positioned to address these challenges because of decisions made by Dr. Erich Reinhardt, global CEO of Siemens Medical Solutions, allowing the company to build its core areas of expertise in diagnostic imaging and to include IT solutions through several strategic
acquisitions in the United States. Ultimately, the driving force behind the success
of the company is the belief that the integration of imaging and IT solutions will
transform healthcare – making it more responsive, accurate and cost efficient,
because the earlier that disease is detected, the faster and more effectively it
can be treated.

Examples of how Siemens innovations are impacting the healthcare community
and ultimately the patient include:

The Heart Center of Indiana (THCI), a specialized all-digital facility focused on
cardiovascular disease has seen tremendous impact on the quality of patient care.
In coronary artery bypasses, the average length in stay at THCI is 6.5 days and
mortality is down to 0.9 %, compared to the Society of Thoracic Surgeons (STS)
benchmark of 8.8 days and 2.4 % respectively. Medication errors have been
reduced by 37 %.

Cincinnati Children’s Hospital has seen extensive clinical outcome improvements
such as elimination of transcription errors in medication orders, a 35 % reduction
in medication errors, a 52 % improvement in medication turnaround times, a 24 %
reduction in verbal orders for controlled substances, and 100 % compliance with
pain assessment documentation requirements, defined by state regulatory
agencies.

Danville Regional Medical Center (Va.) has avoided more than 102 potential
medication errors each month and realized cost savings of over $800,000 a year
using a bar-code medication administration solution. 

With an opening of nearly 2.3 feet in diameter and a high-field strength of 1.5
Tesla, the award-winning MAGNETOM Espree MRI system offers more room than previous systems to accommodate claustrophobic and obese patients and is
capable of capturing the high quality diagnostic images that doctors require.

The SOMATOM Sensation 64 CT scanner – the world’s first 64-slice scanner –
provides the world’s fastest rotation time of 0.33 seconds for exceptional speed
and image resolution, allowing physicians to make more informed diagnosis and
treatment decisions.

2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:

Siemens Sweeps Innovation of the Year Category at 2004 HCRIC Awards
http://www.medical.siemens.com/webapp/wcs/stores/servlet/PressReleaseView?langId=-1&storeId=10001&catalogId=-1&catTree=100005,13839&pageId=57038

Survey Findings Contradict Conventional Wisdom About Healthcare Costs
http://www.medical.siemens.com/webapp/wcs/stores/servlet/PressReleaseView?langId=-1&storeId=10001&catalogId=-1&catTree=100005,13839,17709&pageId=53151

The Heart Center of Indiana Reports Reduced Errors, Improved Cardiac Care
http://www.medical.siemens.com/webapp/wcs/stores/servlet/PressReleaseView?langId=-1&storeId=10001&catalogId=-1&catTree=100005,13839,17712&pageId=53464

Mayo Clinic First in the World to Install New, High-Field, Open MRI
http://www.medical.siemens.com/webapp/wcs/stores/servlet/PressReleaseView?langId=-1&storeId=10001&catalogId=-1&catTree=100005,13839,17712&pageId=52864

Siemens Introduces First 1.5 Tesla Open Bore MRI
http://www.medical.siemens.com/webapp/wcs/stores/servlet/PressReleaseView?langId=-1&storeId=10001&catalogId=-1&catTree=100005,13839,17712&pageId=50677

Siemens Introduces New 64-Slice Computed Tomography Scanner With
Enhanced Performance For Heart Exam
http://www.medical.siemens.com/webapp/wcs/stores/servlet/PressReleaseView?langId=-1&storeId=10001&catalogId=-1&catTree=100005,13839,17705&pageId=47989

Obese and Opaque
http://www.washingtonpost.com/wp-dyn/articles/A61039-2004Dec13.html

HealthBiz: New MRI system debuts at Mayo
http://washingtontimes.com/upi-breaking/20040920-013725-7688r.htm

3. Provide a brief (up to 100 words) biography about the leader of this nominated company:

Dr. Erich R. Reinhardt is president and chief executive officer for Siemens Medical
Solutions, and member of the Managing Board for Siemens AG. Assuming the
role in 1994, Reinhardt faced the closing of production facilities, layoffs and low
morale.  He immediately set out to optimize the company’s strengths and focus
on process-oriented organizational structures and trend-setting innovations. Today,
the company occupies the number-one or number-two spot in more than 90
percent of its businesses and has been enjoying double-digit growth for the past
couple of years.