Integrated Performance Report Reflects Significant Ways Medtronic Creates Value to Society
At Medtronic, our Mission compels us to play a leadership role in solving global healthcare challenges. Our thoughtful approach to therapy innovation, globalization, and economic value – combined with smart financial management and good corporate citizenship – creates value to society in significant ways.
In particular, we create value by increasing access to care, advancing patient safety, maintaining financial strength, and investing in our communities. Our performance related to these issues is detailed in the Company’s FY2015 Integrated Performance Report, “Further, Together.”
No company or organization can solve the healthcare access problem on its own. However, by combining Medtronic’s inherent skills and expertise with the knowledge and capacity of local partners around the world, we can maximize our ability to make healthcare — as well as our groundbreaking technologies and therapies —as accessible as possible.
In an effort to advance our vision - where every person suffering with a chronic disease who could benefit from our diagnostic, therapeutic, and disease management solutions can get them – we continue to increase global access to quality care through product innovations, exciting partnerships, new business models, healthcare professional education and training, and programs for the underserved.
Our innovations have the power to change lives. But they also must be safe. That’s why across our business we apply rigorous controls to ensure the safety and effectiveness of all products. Our multitalented team of Medtronic scientists, engineers, clinicians, and manufacturing technicians are committed to our culture of accountability and excellence. And that commitment shows up in all facets of product development. From the way we develop new ideas, to how we conduct clinical trials and research, manufacture our products, and monitor them in use, we keep patients at the center of all we do.
We fully understand that when Medtronic is financially healthy, we’re better able to improve clinical outcomes, expand access to healthcare, and optimize healthcare cost and efficiency. A financially strong Medtronic benefits the public and private sectors in the form of new jobs, supply chain purchases, capital expenditures, acquisitions and investments, taxes, charitable giving, and returns to our shareholders.
We devote a large portion of our community investments to organizations and initiatives that build healthy communities, focusing our efforts where need and lack of access to healthcare are greatest. Through our programs, we strengthen the capabilities of healthcare providers, advocate for policy change, broaden and increase the availability of products and therapies, and support systemic change.
Additionally, we focus on improving the communities where our employees work, live, give and volunteer — demonstrating our dedication to making the world a healthier place for everyone. Every year we also support communities afflicted by natural disasters, by funding major relief organizations and donating health equipment and supplies. Each business unit also invests in communities each year through product donations, sponsorships, and cash contributions
Learn more by viewing the complete integrated report.
KEYWORDS: Reports, Business & Trade, Medtronic Integrated Report 2015, value to society, value, healthcare access, patient safety, financial strength, Community Investments