Eliminating ineffective spending on global health

  • Each year $3.2 trillion is spent on global health projects that make minimal or no contributions to good health outcomes. 카지노사이트
  • The World Economic Forum’s Global Coalition for Value in Healthcare is accelerating value-based healthcare through its innovation hubs.
  • Eight organizations are implementing cost-effective and people-centred healthcare models.

Our impact on health spending.

Most developed economies are nearing the limit of what they can afford to spend on healthcare, so how can ineffective spending on global health be eliminated? Answering this question is the mission of the World Economic Forum’s Global Coalition for Value in Healthcare.

The coalition partners with governments, leading companies, academia, and experts from around the world to showcase proof-of-concept of innovative approaches to people-centred healthcare. It is a global platform that develops effective best practices, shares lessons learned, and guides the development of value-based health system transformation.

In 2021, the coalition welcomed its first four value-based healthcare innovation hubs. A year on, four more have joined, with initiatives delivering musculoskeletal, maternal, arthroplasty, and oral care in patient-centric models. Collectively, these organizations are improving the lives of hundreds of thousands of people. 바카라사이트

What’s the challenge?

Global spending on health has more than doubled in real terms over the past two decades. According to the World Health Organization, countries spent $8.5 trillion on healthcare in 2019 – 9.8% of global GDP. However, this spending was unequally distributed, with high-income countries accounting for approximately 80%.

There is growing concern about the sustainability of healthcare systems worldwide, as costs increase at an exponential rate and put severe pressure on health budgets. How can governments make people healthier while optimizing healthcare spending?

Eliminating inefficiencies in healthcare delivery would save about one-fifth of health spending in Organisation for Economic Co-operation and Development (OECD) countries and some $1 trillion in the United States alone every year.

The first cohort of innovation hubs for value in healthcare showed tremendous cooperation and knowledge sharing. After a successful experience, we wanted to highlight additional geographies, disease areas and successes in private-public partnerships. This will strengthen the expert exchanges within our community and accelerate value-based healthcare as a reality, not only as a theoretical model.— Shyam Bishen, Head of Shaping the Future of Health and Healthcare, World Economic Forum 온라인카지

Our approach to accelerating value-based healthcare.

Through a rigorous selection process, the Global Coalition for Value in Healthcare identified innovation hubs as early adopters of value-based healthcare.

The first innovation hubs included healthcare initiatives in the NetherlandsPortugalWales and Denmark.

Diabeter (the Netherlands): One of Europe’s largest diabetes specialist centres dedicated to providing comprehensive and individualized care for children and adults with type 1 diabetes, it provides round-the-clock care and access to services to more than 3,000 patients.

Health Cluster Portugal Cataract Initiative – HCP (Portugal): HCP formed a partnership with 13 private and public ophthalmology centres in Portugal to implement a value-based healthcare delivery model for cataract care. HCP aims to deliver the best outcomes to about 11,400 cataract patients through the implementation of value-based care, with 89% reporting significant improvement in their daily activities post-treatment.

NHS Wales (Wales, United Kingdom): With a focus on improving health and care for the country’s population of 3 million people, the Welsh Government launched its value-based healthcare strategy in 2014. It has significantly improved care for chronic and episodic diseases by measuring the outcomes that matter most to the people and creating a standard operating model to improve patient experiences, quality of care and outcomes.

Steno Diabetes Center Copenhagen – SDCC (Denmark): As the first specialised diabetes hospital in Denmark, SDCC has improved the prognosis for diabetes care, developing integrated treatments, prevention methods and education that will benefit people with diabetes. The SDCC initiative has reported significant reductions in diabetes-related complications such as diabetes-induced blindness to almost zero and leg amputations by 80%.

Thanks to the positive support of partners and an appetite to learn more about how organizations can help transform health systems, the Coalition launched the second round of innovation hubs:

  • The Centre for the Advancement of Value in Musculoskeletal Care (USA) from the Hospital for Special Surgery cost-effectively delivers quality musculoskeletal care, helping over 150,000 patients and performing 35,000 surgeries annually. The centre’s value-based payment programmes have saved $23.9 million while treating 19,694 patients.
  • The MomCare Programme (The Netherlands) from PharmAccess Foundation is a digitalized initiative focused on maternal care in Kenya and Tanzania. It addresses an urgent need in sub-Saharan Africa, where 200,000 women die every year from preventable pregnancy complications. The MomCare model has enrolled 69 healthcare providers and supported 50,000 mothers.
  • The Discovery Elective Arthroplasty Quality Programme (South Africa) from Discovery Health serves more than 7,000 people who need hip or knee replacement surgery annually. The programme gives patients better access to surgery across insurance plans, providing financial protection from personal expenses and 30% lower readmission rates. The model has also enabled the launch of new care approaches, including same-day discharge with home-based rehab.
  • Value Based Oral Health Care Initiative (Australia): Dental Health Services Victoria is the provider and funder of public dental services in Victoria, reaching over 500,000 people each year. The initiative enhances the patient experience by implementing a value-based healthcare approach that measures costs and outcomes, improves culture and capability, harnesses information technology, and investigates efficient funding models.

This group of value-based healthcare providers form a community of practice. Their lessons learned, methodologies and tools are helping transform the healthcare landscape.

The innovation hubs will continue to share and learn from best practices, support new partnerships, and strengthen the Forum’s efforts to tackle ineffective healthcare spending and deliver better patient outcomes.

How can you get involved in accelerating value-based healthcare?

The Forum’s Platform for Shaping the Future of Health and Healthcare hosts the Global Coalition for Value in Healthcare.

If you have significant experience in value-based healthcare, you are invited to join as a community member. The community consist of 20-25 global experts with a good understanding of value-based healthcare concepts and experience in implementing the enablers of focus for that year.

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