Koninklijke Philips N : The fight of our lives to ensure health for all

Next, we need to talk about these commitments, sharing how we are all working to expand access to care for all, no matter the size or scale of these commitments.

At Philips, we aim to improve the lives of 2.5 billion people a year by 2030, including 400 million in underserved communities. To help expand access to care for these underserved communities, we have committed to driving digital and technological innovation along the health continuum, developing new business models and financing solutions, and building strong partnerships within an ecosystem of collaboration.

Driving digital and technological innovation along the health continuum

We believe digital and technological innovation along the health continuum is key to expanding access to care and achieving UHC. In fact, I am convinced UHC can only be achieved through digital innovation.

One example of this is our eICU program, a transformational critical care tele-ICU program. It enables a co-located team of intensivists and critical-care nurses to remotely monitor patients in the ICU regardless of patient location. Intensivists and nurses based in a telehealth eICU hub are supported by high-definition cameras, telemetry, predictive analytics, data visualization and advanced reporting capabilities in order to support their colleagues on the front line. Such solutions enable more patients to receive high-quality care, closer to home, even in remote locations.

Developing new business models and financing solutions

For locally relevant innovations to take off and scale, we recognize the need for new business models that bring together donors and impact investors, governments, NGOs and the private sector.

For example, Philips has joined forces with Makueni County government, Amref Health Africa and the Dutch development bank FMO in the Partnership for Primary Care Makueni. Kicking off in July 2018 with a one-year feasibility study in Makueni County, the aim of the partnership is to strengthen primary care by building a financially sustainable model that improves access to high-quality care.

The project has improved care delivery significantly. The partnership is now developing a public-private partnership that can be financially sustainable thanks to a delicate balance between capital investments, capitation fees, insurance payments, technical assistance grants and performance-related payments.