Overview of the 2024 Annual Report
Philips Foundation has published its 2024 Annual Report, celebrating a decade of impactful work in healthcare accessibility. The report reveals that the Foundation has successfully provided access to quality healthcare for 46.5 million people globally, a notable increase from 28 million in 2023.
Key Highlights
- 22 new initiatives launched to enhance healthcare delivery.
- 5 new early-stage capital impact investments made to support innovative healthcare solutions.
- Focus on addressing non-communicable diseases and maternal health challenges, particularly in underserved communities.
Statements from Leadership
Marnix van Ginneken, Chair of the Board of the Philips Foundation, stated, “Today, half of the global population still does not have access to healthcare. Innovation and new digital technologies, combined with an ecosystem of partners, can improve health outcomes and make progress towards a future where quality healthcare is within reach for everyone.”
Global Impact
Since its inception in 2014, Philips Foundation has worked to deliver healthcare solutions to some of the most remote and underserved areas worldwide, including:
- Rural clinics in Africa
- Urban slums in Latin America
Noteworthy collaborations include efforts to combat neglected diseases like rheumatic heart disease with the World Heart Federation and ultrasound training programs with RAD-AID International, which empower frontline healthcare workers in low-resource settings.
Future Goals
Philips Foundation aims to continue expanding its reach through:
- Early-stage capital investments to support local healthcare innovations.
- New ventures in India and Latin America to enhance healthcare access.
Margot Cooijmans, Director of Philips Foundation, emphasized the importance of strategic collaborations, stating, “We continue to increase the number of people that we reach with quality healthcare, bringing us closer to our ambition to reach 100 million people annually by 2030.”
For more details, you can read the full 2024 Annual Report.
About Philips Foundation
Philips Foundation is a registered non-profit organization established in 2014, dedicated to providing access to quality healthcare for underserved communities worldwide. By leveraging Philips’ capabilities and collaborating with NGOs and social enterprises, the Foundation aims to create innovative pathways to affordable healthcare, targeting 100 million people annually by 2030.