How can we shape healthcare for future generations?
Estimated reading time: 2-4 minutes
In 2017, the world population reached 7.6 billion people of which around 400 million still don’t have access to healthcare1. This could be the right time to consider how to provide value-based healthcare for our future generation.
If we are to ensure that healthcare remains affordable and widely available for future generations, we need a fundamental shift towards value-based care: a drive for improved patient outcomes at lower cost, while also improving patient and medical staff experiences – this is often referred to as the ‘quadruple aim’ of the healthcare industry.
But what do we really mean by value-based healthcare? Value-based care is a model that will enable access to quality care at a lower cost, for everyone. Healthcare will not be limited within the hospital walls anymore – connected technologies and data analytics are already enabling new opportunities to better diagnose, treat, monitor and manage patients, at the right time and the right place.
This requires a huge transformation of today’s healthcare systems, gearing them up to measure outcomes in an objective and standardized way, building in rewards for prevention, and putting more emphasis on patient-centered personalized care, first-time-right diagnoses and precision medicine.
Making value-based care a reality
At Philips, we ask ourselves every day how we can translate value-based care into daily practice through meaningful innovations, meeting the demands of the quadruple aim. We’re aiming to take a more holistic view of patient care journeys and then better integrate workflows and technology so that the care experience is seamless and provided at the location where it makes most sense.
We cannot do this alone – this calls for greater co-operation and collaboration between various stakeholders at a national and international level, all taking up an active role in improving healthcare systems around the world.
And we are very much aware that the younger generation – over 50% of the people in the world is younger than 27 – needs to take part in shaping the future of healthcare as well: they will be the users of our next-generation healthcare systems.
That’s why this year, we again participated in the #YoungWEF initiative, inviting children to explore what they would do to change their health and healthcare. Their playful and uninhibited approach may lead to new, disruptive ideas, increasing the chance to deliver on the promise of value-based care: providing the right care in the right place, at the right time, and at the lowest cost.
1 In 2015, a WHO and World Bank Group report showed that 400 million people did not have access to one or more essential health services and 6% of people in low- and middle-income countries were tipped into or pushed further into extreme poverty because of health spendingTracking universal health coverage: First global monitoring report, June 2015 - http://www.who.int/healthinfo/universal_health_coverage/report/2015/en/
Innovation Matters delivers news, opinions and features about healthcare, and is focused on the professionals who work within the industry, as well as Philips as a cutting-edge health technology organization.