9 Real-World Examples of VBHC Transforming Care Delivery
Wasteful spending on health and an unprecedented demographic shift contributes to unsustainable healthcare systems.
Several challenges weigh heavily on healthcare systems today. Together, these are driving costs upward while not necessarily achieving expected patient outcomes. In the end, the risk is that healthcare systems become unsustainable. Enormous investments are being made in health, and yet these are not translating into fundamental improvements in health outcomes. In fact, in higher-income countries, greater healthcare spending does not seem to correlate with improved care or health outcomes at all.
One factor contributing to this global contradiction is the high amount of wasteful spending on health. In 2017, the OECD reported that at least one-fifth of healthcare spending could be channelled towards better use. Beyond this, many patients are unnecessarily harmed at the point of care or receive unnecessary or low-value care that makes no difference to their health outcomes. On top of this is an unprecedented demographic shift occurring in higher income, typically Western countries. This is characterized by an aging population at high risk for an avalanche of chronic diseases in the next years and decades coupled with low birth rates below the replacement rate.
So, how can a health system sustain itself if its spending is not resulting in better outcomes, paying contributors become fewer, while the number of individuals with chronic conditions increases?
Mounting evidence demonstrates that value-based healthcare (VBHC) can help improve patient outcomes and optimize healthcare system spending.
This report aims to address 4 questions:
- What are the benefits of VBHC?
- Does VBHC work in the real world?
- What are some successful examples of VBHC initiatives?
- What are the outcomes and lessons learned from these initiatives?
Read the full report here