How much more efficient and value adding our healthcare system could be, if we measured it correctly?
Aging population, developing technology and growing healthcare expenses are all global trends. But do we get value for our increasing investment in health?
At the same time, it is estimated that 10-34% of healthcare is inappropriate or the dedicated resources are wasted. For example, up to 50% of antimicrobial prescriptions are unnecessary, and so are 12-56% of emergency visits. (1) Ineffective treatment that does not provide value to the patient, healthcare system and society is not only waste of resources but also potentially increases human suffering.
1) OECD report “Tackling Wasteful Spending on Health” (OECD 2017)
The developing technology allows effective care for an increasing number of patients, helping to provide the right therapies and the right medicines to the right patients at the right time. Simultaneously, the tools to measure the value of healthcare, for example using real-world data (RWD), are developing. But how to allocate healthcare resources fairly, sustainably and transparently and in a way that provides value for the society? What would this require from the healthcare systems and professionals? Also healthcare companies such as Novartis are part of this discussion.
MOOCs like this are making higher education more available to all. What could value-based healthcare mean to availability of good healthcare? Join this MOOC to learn about value-based healthcare as a concept to improve resource allocation, in addition to other approaches to the topic.