Nightingale Health Oyj (NGHLF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to half year result and webcast of Nightingale Health. My name is Teemu Suna. I'm CEO and founder of Nightingale Health. Today's agenda, I will first talk about Nightingale Health, about our business, our technology. Then we move to the business targets of the ongoing fiscal year. Then we go through the key achievement of the past half. Then we talk about significant events after the H1 period. Then we have a financial review with our CFO, Tuukka Paavola. And then in the end, we will have the Q&A. Please post your questions to the online tool. So let's go. So Nightingale Health, our mission is to build sustainable healthcare and reduce health inequalities. So why do we need a more sustainable healthcare system? Well, we can see this everywhere. Healthcare is overburdened with too many sick people. with chronic diseases and importantly, with diseases that could have been prevented. So let's look at this a bit in more detail. So when we think about the health care system, so health care system has two main parts, the primary care system and the secondary care system. Today, we will be focusing in the primary care system. So what is the purpose of the primary care system already today? So the core idea of the primary care system is to promote health and prevent diseases. So actually, many times we talk about prevention and preventative health. Prevention is actually being done all the time. It's the core part of the healthcare system today. But there is a problem, and the problem is that the tools that are being used for prevention in primary care system are not very efficient. They're not very efficient and they do not scale well. So this leads into a situation that prevention is not working the way it could. And when the prevention is not wo...