Nightingale Health Oyj (NGHLF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the webcast for the financial year of Nightingale Health. So today we will go through the financial year. We look at the key achievements. We go through the numbers. We see the business targets for the next financial year. And then we have the financial calendar and Q&A in the end. My name is Teemu Suna. I'm CEO and founder of Nightingale Health. So let's start from the first agenda point. I will tell briefly what Nightingale is all about. So Nightingale Health, exists to build sustainable healthcare and reduce health inequalities. So why do we need a more sustainable healthcare system? Because the current healthcare system is not equal. The healthcare system, if we look at the problem very The healthcare system is overburdened with too many sick people. And it's overburdened with diseases that could have been prevented. Now we talk a lot about healthcare problems. We talk a lot about healthcare costs. And actually, it's the chronic diseases that is the core of the problem. So let's look at this a bit more in detail. So the core idea with our primary care system is to promote health and prevent diseases. And actually the healthcare system that we have today is doing it all the time. But the problem is really that the tools that we are using do not scale well. And because of this, the prevention doesn't work the way it should work. And interestingly, kind of the goal to prevent diseases, it's in many medical guidelines. It's something that everybody agrees about. But the problem really is that we don't have the tools to actually do it. And when we look this in numbers, 90% of healthcare costs comes from chronic diseases. and the silver lining is that four out of five could have been prevented. So I think it's quite clear that change is ne...