Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

News SummaryMost relevantAll newsSector newsTweets 

Siemens AG : WSJ BLOG/Health : Siemens Sees Resurgence in Diagnostics as a Cost Cutter

share with twitter share with LinkedIn share with facebook
share via e-mail
04/13/2012 | 07:02pm CET

(This story has been posted on The Wall Street Journal Online's Health Blog at http://blogs.wsj.com/health.)

By Shirley S. Wang

The Health Blog caught up at TEDMED with Gregory Sorensen, chief executive of Siemens Healthcare in North America, to talk about the changing health-care field and what it means for diagnostics, an area in which Siemens is a player.

"We're beginning to see resurgence in diagnostics as a way to save costs, " Sorensen, formerly a radiology professor at Harvard Medical School, told the Health Blog.

A missed diagnosis is a big cost driver in health care because it wastes time and money on ineffective therapy, he said, pointing to an example of studies in Alzheimer's showing that upon autopsy, some 15%-20% of patients examined had a different ailment than believed and would have been treated differently when they were alive.

Of course, there's been an outcry about the unnecessary use of medical tests and Sorensen acknowledges there has been overuse in the past. Reductions in Medicare reimbursement rates have curbed overuse, he says, though not everyone agrees on that, as the Health Blog reported last week. The important thing now, Sorensen says, is to make sure people are getting the right diagnostic tests, rather than reduce the absolute number of them.

He recalled being a doctor in training in the late 1980s, when his professors taught him that, because of the risks associated with appendicitis, doctors should be conservative whenever a patient reported pain in the lower right quadrant of the abdomen. A good surgeon, therefore, would do exploratory surgery on five patients for every one that actually had appendicitis. Sorensen himself had his appendix -- which turned out to be healthy -- removed during this era.

Now patients get scanned if they report such pain, resulting in many fewer unnecessary surgeries, said Sorensen.

Siemens recognizes how important it is to demonstrate effectiveness in today's health-care business, and that payers want to see results, says Sorensen. As for the shift to reimbursement for value, "that train has left the station."

 -For continuously updated news from The Wall Street Journal, see WSJ.com at http://wsj.com. 

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SIEMENS AG
01:51a SIEMENS : German companies interested in train crossing South America - official..
03/22 PRESENTATION : "Siemens Vision 2020 – Focus on profitable growth" (Bank of..
03/21 Statoil confirms Sverdrup oilfield cost estimate
03/20 Austria joins up charging points to boost electric car usage
03/20 PRESENTATION : Driving the Digital Enterprise (Morgan Stanley Digital Day)
03/18DJVisiting CEOs Find Trump Receptive to German-Style Retraining
03/17 SIEMENS : At White House, Siemens CEO boosts commitment to American manufacturin..
03/17 SIEMENS : Eva Schulz-Kamm appointed global head of Government Affairs at Siemens
03/16DJJACK MA : Trump Is a Management Challenge for Overseas Business Leaders
03/14 SIEMENS : extends Digital Enterprise for greater efficiency and flexibility in i..
More news
Sector news : Industrial Conglomerates
07:48aDJGENERAL ELECTRIC : GE Pledges to Step Up Cost Cuts -- WSJ
03/22DJGENERAL ELECTRIC : Under Pressure From Trian, GE Vows to Boost Industrial Profit..
03/22DJGENERAL ELECTRIC : Under Pressure From Trian, GE Vows to Boost Industrial Profit..
03/22 GENERAL ELECTRIC : GE links bonuses to cost-cutting targets after talks with Tri..
03/22DJGENERAL ELECTRIC : Under Pressure From Trian, GE Vows to Boost Industrial Profit..
More sector news : Industrial Conglomerates
News from SeekingAlpha
03/22 Siemens AG (SIEGY) Presents At Bank of America Merrill Lynch Global Industria..
03/21 Statoil again cuts cost of developing Sverdrup oilfield
03/17 WALL STREET BREAKFAST : G20 Finance Meeting Gets Underway
03/17 Merkel heads to the White House
03/14 EnerNOC Is Looking To Sell - How Much Could It Go For?
Financials (€)
Sales 2017 83 770 M
EBIT 2017 9 161 M
Net income 2017 6 300 M
Debt 2017 17 486 M
Yield 2017 3,13%
P/E ratio 2017 15,62
P/E ratio 2018 14,87
EV / Sales 2017 1,45x
EV / Sales 2018 1,35x
Capitalization 103 700 M
More Financials
Duration : Period :
Siemens AG Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Full-screen chart
Technical analysis trends SIEMENS AG
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 128 €
Spread / Average Target 4,9%
Consensus details
EPS Revisions
More Estimates Revisions
Josef Kaeser President & Chief Executive Officer
Gerhard Cromme Chairman-Supervisory Board
Ralf Peter Thomas Chief Financial Officer
Roland Emil Busch Chief Technology Officer
Helmuth Ludwig Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SIEMENS AG5.48%111 990
3M CO7.64%114 602
E I DU PONT DE NEMOURS..7.87%68 457
More Results