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 this, we have been working since 2017 to accelerate the adoption of outcome-based care 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.
To accelerate the transition from volume- to value-based healthcare, four key priorities will inform the World Economic Forum's Outcome-based Care work in 2026 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.
The aim of the Outcome-based Care initiative is to accelerate the development of outcome-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 outcome-based care by health systems around the world by driving change across geographies and organizations.
Facilitate partnerships among stakeholders committed to making outcome-based care a reality.
December 2018
With ageing populations and rising chronic disease, healthcare costs keep climbing. Improving value by delivering better outcomes at lower cost is now essential. Building sustainable, people-centered systems will take time, and it will require shared responsibility.
Outcome-based Care
A World Economic Forum Initiative