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.