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· The City of Atlanta and the World Economic Forum are bringing together more than 40 organizations to tackle the challenges of heart failure
· The aim is for Atlanta to be the national leader in heart failure survival rate by 2022 while significantly improving quality of life and reducing the average cost per capita
· The project will run for five years, laying the foundations to measure, analyse and improve outcomes that matter to patients suffering from heart failure
· To learn more about the World Economic Forum’s work in health and healthcare click here.
Atlanta, USA, 5 October 2017 — Healthcare providers, payers, patient advocacy, public sector, academic, pharmaceutical and medical device organizations operating in the city of Atlanta have united under the leadership of the Mayor of Atlanta, Kasim Reed, and signed a letter of intent to address healthcare challenges for patients with heart failure.
Nearly six million people suffer from heart failure in the United States, and about half of these patients die within five years. Heart Failure currently comprises 11% of the Medicare population but takes up close to 40% of total Medicare expenditure. As a national leader in heart failure survival, Atlanta could save 26,000 lives over the next 10 years.
“I am pleased that Atlanta, through this pilot program with the World Economic Forum and our private sector partners, has the opportunity to craft a new approach to care for patients with heart failure. Through this unique initiative, and with strong cooperation among our healthcare stakeholders, we can focus on solutions that lead to more favorable outcomes at a lower cost,” said the Mayor of Atlanta, Kasim Reed.
This is one of the first efforts globally to take a systemic approach to value-based healthcare, with all stakeholders working together to design and manage health systems. This novel approach has the potential to deliver improved health outcomes at lower cost and is part of a project run by the World Economic Forum in collaboration with The Boston Consulting Group.
“Value-based care represents the collaboration required to ensure that health systems of the future can deliver the outcomes that matter to patients at sustainable, long-term costs,” said Arnaud Bernaert, Head of Global Health and Healthcare Industries at the World Economic Forum.
Over the past seven months, the experts have identified the barriers to managing patients in Atlanta suffering from heart failure and have worked on solutions. Many organizations, including Grady Health System, Wellstar Health System, Emory Healthcare, Kaiser Permanente, Morehouse Healthcare, Humana, Centene Corporation, United Healthcare, Georgia Health Information Network, Georgia Department of Public Health, and DeKalb County Board of Health have signed a letter of intent to jointly implement the solutions over the next five years. The Atlanta Regional Collaborative for Health Improvement and the American Heart Association will co-lead the project.
This transformation towards a value-based approach to care delivery in Atlanta is supported by industry leaders, including Bruce Broussard, President and Chief Executive Officer, Humana, Omar Ishrak, Chairman and Chief Executive Officer, Medtronic, Joseph Jimenez, Chief Executive Officer, Novartis, Michael Porter, Bishop William Lawrence University Professor, Harvard Business School, Edith Schippers, Minister of Health, Welfare and Sport of the Netherlands, Simon Stevens, Chief Executive Officer, National Health Service England, Bernard J. Tyson, Chairman and Chief Executive Officer, Kaiser Permanente, Rick Valencia, President, Qualcomm Life, and Christophe Weber, President and Chief Executive Officer, Takeda Pharmaceutical Company.
All opinions expressed are those of the author. The World Economic Forum Blog is an independent and neutral platform dedicated to generating debate around the key topics that shape global, regional and industry agendas.