Healthcare spending continues to rise at an unsustainable rate, however increased spending does not sufficiently translate to improved patient, population, and public health outcomes. Accelerating development and adoption of value-based healthcare around the world is needed to put to better use the $3.2 trillion of annual global health spending that makes no or minimal contribution to good health outcomes.
To achieve it, in 2019 we created a global coalition to accelerate the adoption of value-based healthcare practices. We partner with governments, leading companies, academia, and experts from around the world to co-design and pilot innovative new approaches to patient-centered healthcare.
Value-based healthcare is about focusing on the delivery of outcomes that truly matter to the individual and society at large in cost-effective ways
Global healthcare is marked by growing concern over its sustainability; costs are growing at an exponential rate putting severe pressure on healthcare budgets.
There are high volumes of procedures and no systematic assessments of the quality of health-related services.
How can we accelerate the transition from volume-based care to value-based healthcare?
The Coalition was launched at the World Economic Forum's 2019 Annual Meeting in Davos. The Coalition is a collaboration between the World Economic Forum - the international organization for public-private cooperation - and leading healthcare stakeholders to promote and drive global health system transformation.
The Global Coalition for Value in Healthcare is a global platform to share learnings, develop effective best practices and guide the development of value-based health system transformation worldwide.
The aim of the Global Coalition is to accelerate the development of value-based healthcare around the world with the following objectives:
Build a community of practice to share learnings and develop methodologies and tools that will help stakeholders to scale up health system transformation across geographies and population segments.
Realize the full potential of value-based healthcare by health systems around the world by driving change across geographies and organizations.
Facilitate partnerships among stakeholders committed to making value-based healthcare a reality.
A patient-centered approach focuses on improving outcomes and costs for defined population segments who receive segment-specific interventions.
To reassess the key priorities within value-based healthcare, the World Economic Forum has undertaken work in 2024, which culminated in a 2-round Delphi panel. Our core focus was to identify high priority areas to accelerate the transitioning from volume- to value-based healthcare. Through this approach, we identified the four key domains below that will inform the Global Coalition's work in 2025 and beyond.
Collaboration can be fostered between public healthcare agencies, private healthcare providers, research institutions, and technology companies to facilitate data sharing and collaborative research initiatives.
Shaping policy and enabling systems to be able to prevent catastrophic healthcare spending. Supporting the development of financing models that are able to withstand internal and external shocks is key.
Defining and anticipating the challenges and highlighting the critical members for system level change and key next steps will enable transformation.
Supporting healthcare systems to foster incentives aimed towards unlocking and using the value within health information, the quality and equity of health service delivery can be improved.