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Philips eyes healthcare sector

Released at: 14:02, 13/09/2016

Philips eyes healthcare sector

Photo: Philip

Corporation looking to improve the quality of healthcare services in Vietnam.

by Hong Nhung

Dutch technology giant the Philips Healthcare Corporation has recently announced a new business orientation in Vietnam, focusing on healthcare technology in the expectation of improving Vietnam’s healthcare sector.

“We will concentrate on supplying medical diagnostic and treatment solutions at hospitals in Vietnam,” Mr. Johan Vooren, Vice Chairman and General Manager South East Asia at Philips Healthcare, told the Hospital Management Asia 2016 conference held in Ho Chi Minh City a few days ago.

Vietnam’s healthcare system has many ongoing problems, for example a high density of 1.9 doctors per 1,000 inhabitants and non-infectious diseases increasing to become the leading cause of death.

“Where there are many issues there will be many opportunities for investors,” Mr. Vooren said. He also noted that Vietnam has the fastest aging population in Asia, with the number of people aged above 60 years old expected to increase three-fold to 32 million from the current 9.5 million by 2050.

According to Mr. Philip Phuoc Dao, General Director of Philips Vietnam Company Limited, it will boost cooperation with the public and private sector to bring technological applications such as converging ultrasonic wave techniques, the health-to-home model, and building high tech operating theaters for heart disease patients.

Solutions will also be introduced, including magnetic resonance imaging (MRI), ultrasound, and technology for sleep quality improvements, so that physicians can make more accurate decisions in patient care, he added.

He emphasized that investment in technology in Vietnam’s healthcare sector or building new hospitals is not hard work. However, they are not the key factors in enhancing the quality of healthcare services, as it is also necessary to improve staff qualifications. Philips is therefore preparing to organize training courses at hospitals once every three months.

The company has already introduced new and effective technologies in Singapore and Malaysia. Although Philips has more than 200 items of equipment in domestic hospitals, it will not only boost its technical and technological support for Vietnam’s healthcare sector but is also working with the Ministry of Health to establish training centers at Bach Mai Hospital, the Vietnam - Germany Hospital, and Medical University hospitals to enhance both knowledge and management skill, leading to better services for patients, Mr. Dao said.

Philips Healthcare is a diversified technology company, with healthcare making up 42 per cent of its global sales revenue. A large company with over 37,000 employees scattered across 100 countries, Philips has produced more than 450 products and services.

The company reported that its HealthTech portfolio grew 5 per cent in the second quarter of this year. Part of that growth came from the recent acquisition of PathXL, a company focused on digital pathology image analysis, with some also coming from new product launches, such as Philips’ new cloud-based Patient Adherence Management Service, according to Life Science Investing News.

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