Philips CEO Frans van Houten champions innovation at Global Entrepreneurship Summit
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Frans van Houten offers insights into ‘virtual care’ to stimulate innovation and entrepreneurship in future healthcare delivery
Could virtual hospitals be the solution to delivering seamless holistic care that improves clinical outcomes and enhances the patient and staff experience as well as accelerating universal health coverage? Based on the success of initiatives already underway in the US and Europe, Frans van Houten believes that virtual hospitals linked to integrated care networks are the way forward, but it will take a process of continuous transformation, change management, enhanced collaboration, and accelerated innovation to fully implement them.
Speaking at the 2019 Global Entrepreneurship Summit (June 3 – 5, 2019, The Hague, Netherlands) in a panel session titled ‘Virtual Space - The Future Home for Care’, Frans will argue that Integrated Delivery Networks, in which hospitals work digitally with labs, primary care practices and community care services, will be the key to treating disease more efficiently and effectively as well as preventing people from falling ill. Digital technologies will also enable resources and clinical expertise to be shared more efficiently across the networks. Existing virtual care initiatives such as the Mercy Virtual Care Center and the Kaiser Permanente integrated managed care consortium in the US, Rijnstate hospital in the Netherlands, and the roll-out of tele-ultrasound solutions in Nigeria, are already demonstrating that connected care has the ability to greatly improve access to specialized medical expertise bringing us closer to universal health coverage. However, due to a world shortage of skilled healthcare professionals, Frans will also highlight that a necessary consequence is that health provision needs to go global in order to share scarce resources more broadly, meaning that innovation not only in technology but also in areas such as regulation, cybersecurity, medical ethics and reimbursement will be vitally important.
“As a company dedicated to improving people’s lives through meaningful innovation, fresh ideas and new ways of thinking that fulfil unmet healthcare needs are the lifeblood of Philips. It is an honor to be able to offer the next generation of entrepreneurs and innovators a perspective of what future healthcare delivery is,” said Frans van Houten.
The Global Entrepreneurship Summit (GES) is an innovation marketplace and policy forum to address global opportunities for the next wave of entrepreneur led innovation. 2019 is the first year it’s being held in Europe, jointly organized by the US Department of State and the Netherlands’ Ministry of Foreign Affairs and hosted at the World Forum in The Hague. Frans van Houten’s session presentation and panel discussion will take place on June 4, 11.00 – 12.00 hours in the World Forum Mississippi Room. He will be joined on stage by:
Eric Hargan U.S. Deputy Secretary Department of Health and Human Services
Bruno Bruins Dutch Minister of Medical Care
Adam Landman, Chief Information Officer of Brigham and Women’s Hospital, U.S.
Frans van Houten is CEO of Royal Philips, a position he has held since April 2011. As CEO, he is also Chairman of the Board of Management and the Executive Committee. He is passionate about innovation, entrepreneurship and business transformation to drive competitiveness and customer value.