WEF_Value_in_Healthcare_report_2018.pdf

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Insight Report
Value in Healthcare
Accelerating the Pace of
Health System Transformation
Prepared by the World Economic Forum,
in collaboration with Boston Consulting Group (BCG)
December 2018
World Economic Forum
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Email: contact@weforum.org
www.weforum.org
© 2018 World Economic Forum. All rights
reserved. No part of this publication may be
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by any information storage and retrieval system.
Contents
Foreword
Preface
Value in Healthcare – Today
and Tomorrow
Barriers to progress
Accelerating the pace of change
A User’s Guide to Health System
Transformation
Examples of health system
transformation
Creating a context for
multistakeholder collaboration
Developing targeted solutions
A Roadmap for Global Health-
Informatics Standardization
An urgent challenge
A five-part agenda
Preliminary timeline
The Global Coalition for Value
in Healthcare
A new public-private collaboration
Four strategic priorities
Appendix:
The
Value in Healthcare
Informatics Working Group
Contributors
Endnotes
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Value in Healthcare: Accelerating the Pace of Health System Transformation
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Foreword
The World Economic Forum’s system initiative “Shaping the Future of Health and Healthcare” aims to
provide answers to the question: How can the world deliver affordable and quality healthcare for nearly
9.7 billion people by 2050?
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 delivering better
health outcomes to patients at lower costs is a critical imperative. We have a long journey ahead in
building sustainable heath systems globally that put people at the centre, and we believe we have a
collective responsibility to do so.
Jeremy Jurgens,
Member of the
Managing Board
For the past three years, a critical source of new thinking and research on how to improve healthcare
value has been the World Economic Forum’s Value in Healthcare project. Since its launch in July 2016,
the project has laid the foundation for health system transformation by defining the critical components
of a value-based health system and by emphasizing the centrality of multi-stakeholder collaboration
to achieving value-based system transformation. In this report, the third and final installment in the
Value in Healthcare report series, we introduce three concrete steps for accelerating the pace of
value-based transformation in health systems around the world: 1. A user guide for policymakers and
private sectors stakeholders that synthesizes key learnings from efforts around the world to transform
health systems towards value; 2. A practical roadmap to guide health informatics standardization,
improving our ability to leverage the powerful force of healthcare data towards medical research and
real-world evidence, clinical decision-making, patient empowerment and ultimately, improvement in
care outcomes; 3. A global coalition that can foster collaboration and continue to drive the agenda for
value-based health systems.
We are at a critical turning point for value in healthcare globally. Stakeholders in the sector need to
codify and disseminate best practices, develop the global enablers for value-based healthcare, and
create new platforms for deeper collaboration. The World Economic Forum and its partners remain
committed to the value-based transformation of the world’s health systems, even as the Value in
Healthcare project comes to a close in its current format. At the January 2019 annual meeting in
Davos, we will be launching the Global Coalition for Value in Healthcare, a collaboration between the
World Economic Forum and leading healthcare stakeholders to continue promoting and driving global
health-system transformation. You can read about the coalition in the concluding section of this report.
The commitment of the Value in Healthcare project’s Executive Board, Steering Committee and our
Knowledge Partner, Boston Consulting Group, has been critical to the success of our work. We thank
them and all the other stakeholders that have joined us on this important journey. We are excited
about what we can continue to achieve together.
Vanessa
Candeias,
Head,
Global Health
and Healthcare
System Initiative,
World Economic
Forum
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Value in Healthcare: Accelerating the Pace of Health System Transformation
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