Philips Healthcare has made a name for itself in the health IT market as a medical imaging device manufacturer. But Joseph Frassica, M.D., chief medical officer at Philips North America and head of Philips Research Americas, said the company is much more than that. "In the past, we've been thought of as a company that makes things, devices," Frassica said. "These days, about 60% of our research and development is focused on software, artificial intelligence, machine learning." Case in point: Philips Research North America, part of the company's global research organization and headquartered in Cambridge, Mass., has more than 450 employees working to develop and test cutting-edge products for the health IT market.