Value in Healthcare Mobilizing cooperation for health system transformation

The imperative of cooperation
The $8 trillion global healthcare sector is at a critical juncture. Costs are growing at roughly double the rate
of GDP growth, putting severe pressure on healthcare budgets.
1 Reimbursement mechanisms based on volume rather than on value cause substantial waste in health
systems and contribute to an underinvestment in prevention.
Despite rapid advances in medical science and a revolution in health technology, a lack of global standards remains an obstacle to taking full advantage of the explosion in healthrelated information. And an exponential increase in system complexity has led to increasing fragmentation that makes it easy – too easy – for health systems to lose their focus on the patient.
In response to these challenges, more and more leaders in the industry are embracing an alternative strategy for the
organization and delivery of care known as value-based healthcare. According to this strategy, the delivery of
improved health outcomes for the same or lower cost is – or ought to be – the primary objective of global health systems.
Value-based healthcare is founded on the systematic measurement of health outcomes and on the costs required
to deliver these outcomes for clearly defined population segments. Interdisciplinary teams of clinical specialists use
this data to develop customized interventions or treatment pathways to improve the value delivered to each patient
group over time. (See the sidebar, “What value means in healthcare”.)

Fuente: WEF

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