Value in Healthcare

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Global healthcare has seen tremendous advancements in medical knowledge and innovation yet many informed observers doubt that society is getting the full value of the annual USD 6.5 trillion spent worldwide on healthcare. It is estimated that 30-50% of this spend is "wasted". The increasing complexity of medical knowledge and practice has created a system of top-down rules and structures that attempt to "optimize" the system. This optimization, however, is prevented by the misalignment of incentives, interests, strategies and behaviours of parties engaged in healthcare delivery. The result is disparities in the quality of care delivered, unsustainable costs, and patient and physician frustration to an ever more convoluted system.    

Recognizing these misalignments prevent healthcare systems from concentrating on outcomes that matter to patients, this multi-stakeholder project creates roadmaps to eliminate these misalignments and focus healthcare systems on value. The core tenets of Value-based Health Care (VBHC) revolve around the idea of aligning all stakeholders of a system towards value delivered to patients. It is defined as delivering the best health outcomes for a given cost.

Related links
Value in Healthcare Overview
Partners
American Heart Association
Arterys
Boston Consulting Group
Brigham and Women's Healthcare
Centene Corporation
Cystic Fibrosis Foundation
DICA
Dignity Health
Duke University Health System
Edelman
European Health Parliament
GE Healthcare
Georgia Institute of Technology
GlaxoSmithKline (GSK)
GV
Hackensack Meridian Health
Harvard Business School
Healthbox
Hikma Pharmaceuticals
Holmusk
Home Instead Senior Care
ICHOM
Influence at Work
Johnson & Johnson
Kaiser Permanente
Mallinckrodt Pharmaceuticals
Mayo Clinic
Medtronic
Memorial Sloan Kettering Cancer Center
MUrgency
Neusoft Corporation
New York Presbyterian Hospital
NHS England
Novartis
Novo Nordisk
Omada Health
Organisation for Economic Co-operation and Development (OECD)
Proteus Digital Health
QIAGEN
Qualcomm
Quest Diagnostics
Robert Wood Johnson Foundation (RWJF)
Royal Philips
Sanofi
SAP
Takeda Pharmaceutical
Tradeshift
University of Chicago
UPS
VPS Healthcare
Welltower
Zebra Medical Vision

Further reading