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" The traditional way that society looks at healthcare is to let people get terribly sick and then have an emergency room to take care of them and spend a lot of money on acute care for people who would have been kept out of hospital in the first place if they had had a lifestyle change. "

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" Should one of your employees have a physical or mental health problem, I would argue that it is as much something for the employer as the individual to contend with. "

Frans van Houten

Mental

Mental Health

Problem

" Growing and aging populations are putting increased pressure on health-care systems that are already buckling under the burden of chronic diseases like cancer and diabetes. "

Frans van Houten

Pressure

Growing

" I think of the world as geographical regions, and it excites me to think about the opportunity that Europe can have if we consider it to be the 500-million-people region that it is. "

Frans van Houten

Think

Opportunity

" Thanks to the digital and big data revolution, we can start to do what was previously unthinkable - to improve patient outcomes and lower healthcare costs while delivering personalized care to each individual. "

" You can't have a single design for all cities. The look and feel of the streetlights are very important. "

" You need to dismount when your horse is dead. What was relevant 20 years ago is no longer relevant today. Therefore, you need to reinvent yourself. "

" As humans, we've always innovated our way out of problems, whether it was the first torch to light a dark cave or the steam engine that sparked a revolution. "

" We typically sell a catheter lab to a hospital, and it sits there for the next 10 years, and we don't visit the cardiologist on a daily basis. Volcano have a disposable business. They are in the cath lab on a daily basis. "

" A siloed approach between suppliers doesn't really help hospitals well enough. "

" Price erosion in components is quite fast. If you can capitalize on that by bringing products to the market faster, you will actually gain a better margin realization. "

" Tech can help population health, make health more accessible, more affordable. Tech can also get people get more included in the economy and contribute and drive growth, and growth and wealth are great contributors to a safer world. "

" Great companies need to reinvent themselves. We can do that: we can stay relevant, we can grow, and we can stay successful. It takes courage, but it's a path we've been preparing for carefully. "

" To become the global leader in HealthTech and shape the future of the industry, we will combine our vibrant Healthcare and Consumer Lifestyle businesses into one company. "

" Philips is committed to the circular economy and is applying its principles throughout the organization. We are redesigning our products and looking at ways to capture their residual value. "

" We can't think in terms of designing products that we throw over the wall to customers, but instead, we need to design products that are upgradable and maintainable and that can be mined for materials and components that can be reused. "

" Insurers reimburse critical care, not the avoidance of incidents. Therefore, investments are not targeted towards prevention. "

" Sustainable solutions based on innovation can create a more resilient world only if that innovation is focused on the health and well-being of its inhabitants. And it is at that point - where technology and human needs intersect - that we will find meaningful innovation. "

" We have transformed Philips into a focused leader in health technology, delivering innovation to help people manage their health. "

" Philips is uniquely positioned to help reshape and optimize population health management by leveraging big data and delivering care across the health continuum, from healthy living and prevention to diagnosis, minimally invasive treatment, recovery, and home care. "

" We knew we could put the company on the right side of history by decisive transformative action and by redefining our purpose to improving people's lives through innovation. "

" City farming is not only possible, it is the very definition of the kind of meaningful, sustainable innovation we will need to meet the grand challenges of the 21st century: climate change; population growth; ageing population; urbanization; rising demand for energy, food and water; poverty; and access to healthcare. "

" In the back of my mind was the nagging discussion: where do we take the portfolio? You can get rid of TV, fine, but then you are in lighting and in health, and those don't have a lot to do with each other. "

" First and foremost, we must take a more holistic view of patient care journeys and then better integrate workflows and technology so that the care experience is seamless and provided at the location where it makes most sense. "

Frans van Houten

Care

Technology

" Engagement with young people is always a refreshing break with routine. It's also a reminder of how we need to constantly keep our thinking agile and unencumbered by traditional rules. "

" In Kenya, e-learning has taught 12,000 nurses how to treat major diseases such as HIV and malaria, compared to the 100 nurses a year that can be taught in a classroom. "

" Genomics, Artificial Intelligence, and Deep Machine learning technologies are helping practitioners deliver better diagnosis and actually freeing up time for patient interaction. "

Frans van Houten

Deep

Intelligence

" We can only compete in the world against competitors from Asia, the United States, or wherever if we look at unmet needs. "

" At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs. "

" Indeed, the Fourth Industrial Revolution will greatly lead to increased consumer health awareness and self-management and will enable individualized treatment pathways supported by tele-health care and coaching. "

" Compassion, together with contractual responsibility for one's workforce, is a mark of a top employer. "