• December 14, 2019

Philips joins AMSUS Executive Advisory Board to help innovate care across U.S. federal government health sector - Odessa American: Business

e-Edition Subscribe

Philips joins AMSUS Executive Advisory Board to help innovate care across U.S. federal government health sector

Print
Font Size:
Default font size
Larger font size

Posted: Monday, December 2, 2019 10:25 am

ANDOVER, Mass.--(BUSINESS WIRE)--Dec 2, 2019--

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and AMSUS, The Society of Federal Health Professionals, have announced that Philips has become a member of its Executive Advisory Board (EAB). Together, AMSUS and EAB members drive innovation in federal healthcare by creating a platform for public-private partnerships.

AMSUS serves as the voice for federal health professionals, promoting interagency collaboration among a diverse group of leaders from the Department of Defense (DoD), the U.S. Department of Veterans Affairs (VA), Health and Human Services, and Homeland Security. This collaborative approach allows the AMSUS EAB to tackle solving the government’s most difficult healthcare challenges. Composed of both federal government and industry leaders, the EAB serves as a dedicated advocate for the next generation of innovation and change across healthcare services in the United States.

“AMSUS is pleased and honored to welcome Philips and its thought leadership to the EAB,” said Dr. John M. Cho, AMSUS Executive Director/CEO. “Philips history of innovation and excellence makes the company well-positioned to contribute to our mission to advance and improve health for all Americans and international coalition partners’ citizens.”

Under current law, national health spending is projected to grow at an average rate of 5.5% per year from 2018-27 and to reach nearly $6.0 trillion by 2027. 1 In 2018 alone, the federal government spent nearly $1.1 trillion on healthcare, of which Medicare claimed approximately $583 billion and Medicaid and the Children’s Health Insurance Program (CHIP) around $399 billion. 2 Veterans’ healthcare accounted for only about $70 billion in comparison. 3

As part of its commitment to better the lives of three billion people a year by 2030, Philips is working with the DoD and the VA to improve the health of service men and women. For over 45 years, Philips has worked closely with the U.S. military and over 50% of all VA Hospitals or VISNs use Philips imaging solutions. Additionally, over 35% use Philips critical care systems. Philips is also working closely with military and academic partners to drive innovations that support better care for troops, as well as telehealth technologies that can bring care closer to home for our nation's veterans.

“While government legislation around U.S. healthcare reform evolves, the need for healthcare technology innovation and adoption continues to accelerate,” said Vitor Rocha, Chief Market Leader of Philips North America. “Change cannot happen in isolation, which is why Philips understands how important it is to team up with leading organizations in the public sector such as AMSUS. In doing so, we are better positioned to drive increased efficiency, as well as improve quality care and the patient experience for our active duty military, veterans and other federally funded programs. Our military personnel have given so much, this is our opportunity to give back and help take better care of them.”

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 80,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

1 NHE Fact Sheet. (2019, April 26). Retrieved from https://www.cms.gov/research-statistics-data-and-systems/statistics-trends-and-reports/nationalhealthexpenddata/nhe-fact-sheet.html.

2 Congress of the United States Congressional Budget Office. (2018). The Budget and Economic Outlook: 2018 to 2028. The Budget and Economic Outlook: 2018 to 2028. Retrieved from https://www.cbo.gov/system/files/2019-04/53651-outlook-2.pdf

3 Ibid

View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005707/en/

CONTACT: Silvie Casanova

Philips North America

Tel.: +1-781-879-0692

E-mail:Silvie.casanova@philips.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: PUBLIC POLICY/GOVERNMENT WHITE HOUSE/FEDERAL GOVERNMENT GENERAL HEALTH HEALTH OTHER GOVERNMENT TECHNOLOGY OTHER TECHNOLOGY OTHER HEALTH

SOURCE: Royal Philips

Copyright Business Wire 2019.

PUB: 12/02/2019 11:25 AM/DISC: 12/02/2019 11:25 AM

http://www.businesswire.com/news/home/20191202005707/en

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Clear
51°
Humidity: 47%
Winds: NW at 8mph
Feels Like: 48°

Your Extended Forecast

Tomorrow

weather
High 74°/Low 42°
Mainly clear. Lows overnight in the low 40s.

saturday

weather
High 76°/Low 50°
Abundant sunshine. Highs in the mid 70s and lows in the low 50s.

sunday

weather
High 76°/Low 38°
Sunshine. Highs in the mid 70s and lows in the upper 30s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.