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Integrated Care Is The Model Of The Future For Philips

 
• By Ashley Yeo

While its traditional competitors are active in devices or capital equipment, Philips has set itself apart with its committed investment in health informatics, says CEO Frans van Houten, who wants to position the group as a leader in integrated care models.

Analytics

Philips Healthcare took the decision several years ago to become a bigger informatics provider while also remaining a device technology group. Now it is established on that pathway, while many competitors are still running capital equipment or device technology channels in isolation. The capital equipment market has been a market showing only 3% to 4% growth in recent years, while Philips is averaging higher growth as a result of its strategic mix of devices and focus on the operating environment.

The group’s investments in informatics have set it apart, CEO Frans van Houten told the press after Philips announced its 2019 fiscal results and plan to dispose of its domestic...

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