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Philips Foundation 2024 Annual Report: expanding access to quality healthcare for 46.5 million people
Globenewswireยท 2025-06-05 10:00
Core Insights - The Philips Foundation marked its tenth anniversary by significantly increasing its impact, providing access to quality healthcare for 46.5 million people in 2024, up from 28 million in 2023 [3][4][5] - The Foundation's efforts were driven by 22 new initiatives and five new early-stage capital impact investments, focusing on addressing non-communicable diseases and maternal health challenges in underserved communities [4][6][8] - The Foundation aims to improve healthcare access for 100 million people annually by 2030, leveraging strategic collaborations and innovative partnerships [6][9] Summary by Categories Impact and Reach - In 2024, the Philips Foundation expanded its reach to 46.5 million people, a notable increase from the previous year's 28 million [3] - The Foundation's initiatives included groundbreaking work in combating neglected diseases and training programs for healthcare workers in low-resource settings [7] Strategic Initiatives - The Foundation launched 22 new projects and five new impact investments in 2024, enhancing its capacity to address healthcare challenges [4][8] - The focus is on locally embedded innovation and flexible financing models to improve healthcare access in underserved areas [6][9] Future Goals - The Foundation is committed to reaching 100 million people annually by 2030, emphasizing the importance of innovative partnerships and early-stage investments [6][9] - The ongoing efforts aim to create scalable healthcare models that are financially viable and rooted in local communities [8]