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Revolutionary technologyfor revolutionary carePhilips success in the mHealth market

Randy Hamlin, Vice President, UltrasoundMarch 15, 2016

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Key take aways:

Insights into the barriers of transitioning from products to solutions in ultrasound

Case study: Lumify - an app-based, smart device ultrasound solution

Lessons learned of change within the market and inside a large company

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Healthy living Prevention Diagnosis Treatment Home care

We deliver innovative solutions across the health continuum

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100,000

30,000

4,000

Klondike gold rush

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The market for wearables and mHealthwill grow exponentially by 2020.

>$50B 1/3>$50BWearables mHealth Patient Compliance

Rate

mHealthecoSystem

Pharmacy Insurance

ConsumerWellnessExperts

HospitalsPhysicians

The Triple Aim Improving patient experience

Improving population health

Reduce per capita cost

Institute for Healthcare Improvement

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Finding the value that can change behaviors to improve health

Quantify Data Analysis Outcomes

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Lumify

Revolutionarytechnology.

Revolutionarycare.

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Nurturing the innovative spirit

Traditional ultrasound Lumify

Creating an incubator to shape an entirely new market: UltraMobile and App-based

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Gaining insights and overcoming barriers

CapitalImageQuality

Barrier toAdoption

Flexibility

Simplicity

Connected

“What is your solutionvalue proposition?”

Solution

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Lessons on moving from products to solutions

Stay focused on MVP

Partnerships – open innovation

Get senior management advocacy

Tap into the right people

Create the culture

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Innovation is the key to future success

• Connected solutions

• Open innovation

• Partnerships

• New business models

• IoT stickiness

• Clinical outcomes

Success models

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Gold Nuggets:

Is your business transforming fast enough to be relevant?

Success in the future will draw from ecosystems and innovative business solutions instead of products.

Create an unique, innovative culture to enable breakout thinking within your organization.

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