In July 2016, the World Economic Forum in collaboration with the Boston Consulting Group (BCG), launched the Value in Healthcare Project (2016-2018). The outcome of this collaboration is the formation of the Global Coalition for Value in Healthcare, a public-private collaboration to accelerate the transition to value-based healthcare in health systems throughout the world.
The Global Coalition for Value in Healthcare (GCfViHC) will serve as a global platform to share learnings, develop effective best practices, and guide the development of value-based health systems globally. Launched in January 2019 at the World Economic Forum's annual meeting it will accelerate the pace of health system transformation.
Why value-based care`?
Case for change: global healthcare is marked by growing concern over its sustainability, costs are growing at an exponential rate putting severe pressure on healthcare budgets and constraining further development
Current state: volume of procedures, no systematic assessments of the quality of services
Challenge: how to accelerate the transition to value-based healthcare in health systems
Desired state: transition from volume-based to value-based healthcare. Value-based approach to care will:
- Improve access to appropriate care
- Spur innovations in treatment and care delivery
- Provide new business opportunities for the public and private sectors
For more information on the project, visit the project website at https://www.weforum.org/global-coalition-for-value-in-healthcare/partner-with-us