In July 2016, the World Economic Forum in collaboration with the Boston Consulting Group (BCG), launched the Value in Healthcare Project (2016-2018). The outcome of this collaboration is the formation of the Global Coalition for Value in Healthcare, a public-private collaboration to accelerate the transition to value-based healthcare in health systems throughout the world.
The Global Coalition for Value in Healthcare (GCfViHC) will serve as a global platform to share learnings, develop effective best practices, and guide the development of value-based health systems globally. Launched in January 2019 at the World Economic Forum's annual meeting it will accelerate the pace of health system transformation.
Why value-based care?
Case for change: global healthcare is marked by growing concern over its sustainability, costs are growing at an exponential rate putting severe pressure on healthcare budgets and constraining further development
Current state: volume of procedures, no systematic assessments of the quality of services
Challenge: how to accelerate the transition to value-based healthcare in health systems
Desired state: transition from volume-based to value-based healthcare. Value-based approach to care will:
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The “Value in Healthcare - Mobilizing cooperation for health system transformation” highlights three drivers of health system transformation:
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Governments and healthcare providers face the daunting prospect of containing costs while improving patient outcomes.
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