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:
In a world characterized by an ageing population, more and more people suffering from long-term chronic disease, and ever-increasing healthcare costs, improving healthcare value by delive...
The “Value in Healthcare - Mobilizing cooperation for health system transformation” highlights three drivers of health system transformation:
The World Bank estimates global population sizes of approximately 8.5 billion by 2030 and 9.2 billion by 2040. As recently as 2014, the United States and United Kingdom spent approximatel...
The Global Coalition for Value in Healthcare welcomes its first four value-based healthcare hubs in the Netherlands, Portugal, Wales and Denmark.
COVID-19 has accelerated global efforts to deliver digital healthcare, emphasising how value-based healthcare could facilitate universal health coverage.
For societies to thrive, we need a concerted global effort to create a more sustainable and equal healthcare industry by transitioning to value-based health systems.
It’s time to accelerate the shift to value-based care, and leverage private resources to build partnerships for better healthcare capacity that can benefit all - rich and poor.
We know value-based healthcare works - but we also know that achieving it is difficult. Here are four lessons learned that can speed up and simplify successful healthcare delivery transfo...
Powerful data analytics are paving the way to a more patient-centric and productive healthcare system
Health systems around the world face a value problem: costs continue rising, yet there is massive variation in patients’ health outcomes. Moving to a value-based health system could be th...
By 2020, there will exist more digitised healthcare data worldwide than we currently have space to store - but leveraging its enormous potential has been fraught with problems. Now a new ...
Broken incentives mean that healthcare systems too often fail to put the patient first. Here's what needs to change.
Governments and healthcare providers face the daunting prospect of containing costs while improving patient outcomes.
