Healthcare Must Change in Light of Pandemic: Philips CEO

The transcript discusses Philips' performance in 2020, highlighting a 7% revenue growth despite the pandemic. It emphasizes the importance of strategic partnerships and innovation in healthcare, particularly in telehealth and informatics. The impact of COVID-19 on elective procedures and personal health growth is analyzed. Business costs, supply chain challenges, and the future of work are also discussed. The transcript concludes with insights on the US market and expectations from the Biden administration regarding healthcare transformation and access to care.

What were the key factors that contributed to the 7% revenue growth in 2020?

How did the pandemic affect elective procedures in 2020?

What innovations are being sought by care providers to improve productivity and health outcomes?

What challenges did hospitals face in managing patient loads during the pandemic?

What are the implications of higher costs in the business due to health and safety measures?

How does the speaker view the future of work post-pandemic?

What is the speaker's outlook on the impact of the new Biden administration on healthcare in America?