Working within an ecosystem of collaborators
A committed ecosystem of strong collaborators is key to addressing the complex challenges in expanding access to care.
Our approach is to collaborate with various stakeholders – from local stakeholders, governments, NGOs, international organizations, UN bodies and academic institutions to private sector companies, and impact investors, development and commercial banks. This makes it possible to strengthen healthcare systems, sharing risks and benefits along the way. Additionally, we are actively involved in various platforms driving the UHC agenda for fostering developments in primary healthcare, such as UHC2030 Private Sector Constituency, Human Capital Project, Every Woman Every Child and SDG Partnership Platform Kenya.
Driving digital and technological innovation
At Philips, we take a holistic view of the health continuum. For an effective, comprehensive approach to healthcare, it is essential to understand and address stakeholder needs and issues at each stage of the continuum.
Together, Philips’ consumer technologies that facilitate healthy living, medical technologies that help clinicians to deliver better diagnosis and treatment, and cloud-based technologies that support data sharing and analysis, enable more effective, integrated health solutions at lower cost, right across the health continuum.
Developing new business models
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. That is why we are focusing on the development of new business models for UHC, e.g. public-private partnerships (PPP), Managed Equipment Services (MES), ‘social’ franchising and results-based financing.
Partnering to develop financing solutions
To deal with the increasing costs of healthcare, governments and healthcare networks need to tap into different sources of financing.
At Philips, we work with governments and other stakeholders to make healthcare ready for private investment, building on domestic resource mobilization. We collaborate with third-party financial institutions to structure and provide financial models, such as the technology-as- a-service model or the performance-based incentive program, and Philips Capital provides and facilitates flexible financing solutions to hospitals and healthcare networks.