Digital Health Today

You don't have to spend time in hospitals to be familiar with Philips products. Formed in 1891, originally Philips made light bulbs before expanding into consumer electronics. Now you can find the Philips nameplate on products ranging from domestic appliances and personal care to MRI and ECG systems. You may not have noticed, but Philips has been making some significant changes to it’s strategy and structure recently. In May, it IPO’d it’s lighting business, spinning that company out to stand on it’s own, while the consumer lifestyle and healthcare divisions were merged into one. You can imagine this is a significant shift: when one of the world's largest companies works to leverage it’s strengths in healthcare and consumer products, it's time to take notice. Philips makes great products. They are led by smart, tough management, and have excellent sales and support teams. But how do you take a 125 year old company, and reposition it to embrace the continuum of care from the home to the hospital? In June, I sp