Royal Philips has introduced the Value Measure, a new indicator of the value delivered by healthcare systems of developed and developing markets, to its 2018 Future Health Index (FHI) edition.

The FHI is a research-based platform designed to help determine the readiness of countries to address global health challenges and build efficient and effective health systems.

Now in its third year, the FHI focuses on the crucial role that technologies for connected care and digital tools can play in delivering more integrated and sustainable healthcare.

The 2018 edition of the FHI is split into three chapters and identifies key challenges that form a barrier to the large-scale adoption of value-based healthcare and improved population access; and assesses where connected care technology – data collection and analytics, and new care delivery models – can help speed up the healthcare transformation process.

The first chapter measures and assesses the value present in 16 health systems of developed and developing markets including Australia, South Africa and the US, through a Value Measure.

Combining criteria associated with value-based healthcare and access to care, the Value Measure provides a benchmark against which a system’s progress towards efficient and effective healthcare can be evaluated.

The report also includes the input from global healthcare experts and provides actionable insights for countries to improve the value that their health systems deliver.

A new value indicator

The Future Health Index assesses three key measures in a health system’s ability to deliver value-based healthcare: access, satisfaction and efficiency. Access looks at how universal and affordable healthcare is, while satisfaction considers the perspective of healthcare professionals and the general population on a system’s performance and trustworthiness. Finally, efficiency evaluates a country’s relative spending on healthcare as a percentage of GDP.

This methodology builds on the fast-growing consensus that the value-based healthcare model is the best approach to address the challenges posed by a combination of growing and aging populations with the rise of chronic diseases and healthcare costs.

“Global experts agree on the need to move away from a volume-based measure of healthcare to a value-based one,” said Chief Medical Officer for Philips, Jan Kimpen. “Devising a meaningful Value Measure, including access to care next to patient experience and efficiency, is an important step in helping countries to measure their readiness to address healthcare challenges.”

Kimpen believes that there’s an increasing consensus that the value-based healthcare model is the best approach to address the challenges posed by a combination of growing and aging populations with the rise of chronic diseases and healthcare costs.

The role of technology

One of the most important findings from the 2018 FHI is that countries with a high Value Measure tend to exhibit high levels of connected care technology adoption. This indicates that integrating connected care technology into health systems can accelerate countries along the path to value-based healthcare. Health systems that provide universal access to care and deliver effective outcomes, as well as high levels of healthcare professional and general population satisfaction – such as those in Singapore, Sweden and the Netherlands – tend to be those with comparatively high levels of support from advanced data collection and analytics, and that have integrated connected technology into care delivery models.

However, examining the overall Value Measure results across the 16 countries studied indicates that while there is a correlation between a country’s wealth, development levels and ability to deliver value-based healthcare, no one market is a consistent performer across all criteria. Varying pockets of excellence and system shortfalls mean different countries may approach this journey in any number of ways. However, while methods are important, connected care technology is foundational to value-based healthcare.

The next two chapters of the 2018 FHI are expected to be released later this year and will take a closer look at two areas of digital solutions with the potential to significantly drive change through connected care technologies. Data collection and analytics which looks at the ability to share and collect patient-centric data and analyse it on a large scale while care delivery will focus on technology developments which are bringing innovative ways to deliver better care.

The first chapter of the 2018 FHI report can be downloaded here.

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