Verizon Wireless 2012 Annual Report Download - page 13

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Verizon funding is bringing mHealth
solutions to Children’s Health Fund
mobile medical clinics, which provide
healthcare to disadvantaged children
in schools and shelters. Virtual care
technology can overcome access
barriers to remotely connect these
patients to needed specialists.
and accelerate social change in education, healthcare and
energy management.
In the healthcare market, we created metrics for our mHealth
products. In addition to capturing data on business performance
measures such as revenue and market share, the metrics will help
us understand how our products improve patient outcomes. In
2013 we will work with our healthcare customers to apply these
metrics. The information we collect helps our customers measure
improvements in patient care and helps us demonstrate the
eectiveness of our solutions. We will develop similar measures
for our education and energy products.
A FOUNDATION FOR SOCIAL INNOVATION
2012 was a year of transition for the Verizon Foundation as it
revised its strategy to become a channel for social innovation.
Its new focus is on accelerating social change by combining our
advanced technology with its philanthropic resources to address
challenges in education, healthcare and energy management.
The Verizon Foundation’s programs enable us to better understand
how our technology can benet society and deliver innovative
solutions that transform lives. This is especially true in underserved
communities, which might experience the most benet and rapid
improvement from the adoption of Verizon’s newest technologies.
INNOVATIVE SOCIAL SOLUTIONS
Our new philanthropic strategy parallels the corporate strategy of
our Innovation Program. Verizon’s LTE Innovation Centers provide
a wide range of companies with opportunities to generate new
ideas, rene concepts and bring breakthrough products to market
through a process that stimulates innovation and change.
Just as these Innovation Centers are incubators for new products
and applications of technology, the Verizon Foundation aims to
become an incubator for new social solutions. It is collaborating
with leading nonprot organizations to apply our sophisticated
technology and expertise to address some of the most critical
challenges in education, chronic healthcare and energy eciency.
By partnering with dynamic, forward-thinking organizations to
design programs to address these urgent problems, the Verizon
Foundation is demonstrating how technology can be used to
engineer positive social change, faster and easier.
TRACKING OUR SUCCESS
As a technology incubator, the Verizon Foundation will track
and measure outcomes and improvements at every stage. It
will evaluate the social value of these initiatives, providing new
insight and research into how best to integrate technology into
solving social problems and scale-up results. In this way, we can
demonstrate how our social investments create new technology-
based solutions and validate the ability of our products to address
unmet needs.
To learn more about Verizon’s commitment to shared success, visit
our Corporate Responsibility site at http://responsibility.verizon.com.
VERIZON COMMUNICATIONS INC. 2012 ANNUAL REPORT
11