Philips joins AMSUS Executive Advisory Board to help innovate care across U.S. federal government health sector
December 02 2019 - 11:25AM
Business Wire
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
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Silvie Casanova Philips North America Tel.: +1-781-879-0692
E-mail: Silvie.casanova@philips.com
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