This paper distinguishes three conceptual problems that attend philosophical accounts of consciousness. The first concerns the problem of properly characterizing thenature of consciousness itself, the second is the problem of making intelligible the relation between consciousness and the ‘physical’, and the third is the problem of creating the intellectual space for a shift in philosophical framework that would enable us to deal adequately with the first two problems. It is claimed that physicalism, in both its reductive and non-reductive forms, fails to deal adequately with either the first or second problem. The diagnosis of this failure is connected to the fact that consciousness cannot be treated in its own terms while being simultaneously fitted into an object-based conceptual schema. In light of this, it is proposed that a Bradleian version of absolute idealism may provide a metaphysical and epistemological framework which would enable us to recognize the conceptual diversity required to treat conscious phenomena on their own terms without forcing us to abandon naturalism.