December 4, 2012
Verizon to Launch Innovative Philanthropic Healthcare Programs to Target Reduction of Healthcare Disparities in Diverse Communities Across Country
BASKING RIDGE, N.J. – The Verizon Foundation announced today its new program strategy to reduce healthcare disparities; improve quality and access to care; and empower patients in need with better chronic disease management programs through collaborative partnerships with national healthcare nonprofits and health information technology solutions from Verizon Enterprise Solutions.
In total, the Verizon Foundation will invest nearly $13 million in grants and in-kind technology to fund and equip four non-profit health care organizations with new health information technologies. The organizations focus on children, women and senior citizens.
“For the first time at Verizon we are integrating our technology solutions and philanthropy to accelerate change in healthcare and improve patient outcomes,” said Rose Stuckey Kirk, president of the Verizon Foundation. “We are deploying our technology together with behavior modification programs to empower people to take control of their health.”
“Through our philanthropy and corporate giving, we seek to share our success in technology in underserved communities,” said Kirk. “To that end, we are working with our partner organizations to enhance patient care models and empower disease education and management through technology.”
Americans spend more than $2.6 trillion on health care each year with 45 percent of the entire population living with at least one chronic disease such as heart disease, diabetes and lung diseases. Seven out of 10 deaths in the U.S. are attributed to chronic diseases, many of which are preventable. Seventy-five cents of every health care dollar is spent on chronic disease, and the impact of chronic disease on underserved populations accounts for almost 40 cents of that spend.
(Editor’s note: To view an interactive infographic that illustrates the impact of chronic disease on children, women and seniors, visit www.verizonfoundation.org/chronicdisease/.)
To help address these issues, the Verizon Foundation is launching programs with four innovators in the health care sector: the Children’s Health Fund; the Society for Women’s Health Research; the National Association of Community Health Centers; and the University of California, San Diego. The program will expand in 2013 to include additional partnerships.
The foundation's support of these four organizations will advance the utilization of technology to improve self-management, access to care, improved quality and care adherence. In addition, the foundation, in collaboration with Verizon Enterprise Solutions, will give each organization access to Verizon health information technology solutions.
The Verizon Foundation is focused on accelerating social change by using the company’s innovative technology to help solve pressing problems in education, health care and energy management. Since 2000, the Verizon Foundation has invested more than half a billion dollars to improve the communities where Verizon employees work and live. Verizon’s employees are generous with their donations and their time, having logged more than 6.2 million hours of service to make a positive difference in their communities. For more information about Verizon’s philanthropic work, visit www.verizonfoundation.org; or for regular updates, visit the Foundation on Facebook (www.facebook.com/theverizonfoundation) and Twitter (www.twitter.com/verizongiving).
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 96 million retail customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of 184,500. For more information, visit www.verizon.com.
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- Ellen Yu, Verizon Media Relations (Reporters only)