PHILIPS Healthcare

Global resource constraints on health systems are driving a shift to value-based healthcare to reduce cost, increase access and improve outcomes. At the same time, aging populations across the globe and the rise of chronic conditions are driving a shift of care to lower-cost settings and the home. In parallel, more and more people are looking for new ways to proactively monitor and manage their health. And the digitalization of healthcare is shifting value from devices to software and services. These challenges can only be met through new, more integrated forms of care delivery across the health continuum (see the picture below), with a shift away from today’s focus on acute care and late-stage interventions.

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In an increasingly connected world, the convergence of Philips’ consumer technologies that facilitate healthy living and medical technologies that help clinicians to deliver better diagnosis and treatment, and cloud-based technologies that enable data sharing and analysis, will be a key enabler of more effective, lower-cost integrated health solutions. This fits very well with Philips’ core strengths in professional healthcare and in consumer health and well-being.

 

To ensure that success is repeatable, i.e. that Philips creates value for its stakeholders time and time again and deliver on its mission and vision, they have adopted the Philips Business System. Having a single business system reduces complexity, increases speed and, crucially, allows them to spend more time with customers and driving improvement across the company.