A new value indicator
Value-based healthcare is the latest thinking in healthcare that describes a system that aims to increase access to care and improve patient outcomes at lower cost. Designed as people-centric, it is about providing the right care at the right time, in the right place and at the right level of cost. Five factors are used as indicators of success in a value-based healthcare system:
- Access: Securing universal access to healthcare
- Outcomes: Driving better healthcare outcomes
- Costs: Reducing costs and waste
- Satisfaction: Ensuring HCP satisfaction
- Experience: Improving patient experience
The FHI analyzes data from across 16 countries, representing about half of the world’s population. This year it introduced the Value Measure, a new indicator of the value delivered by healthcare systems of developed and developing markets. Combining criteria associated with value-based healthcare:
- Access – how universal and affordable is access to healthcare?
- Satisfaction – to what extent does the general population and healthcare professionals see their healthcare system as trustworthy and effective?
- Efficiency – does the system produce positive outcomes at an optimum cost?
These criteria termed as the Value Measure in the index, provide a benchmark against which a healthcare system’s progress towards efficient and effective healthcare can be evaluated.
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.
The role of technology
The FHI primarily focuses on the crucial role that technologies for connected care and digital tools can play in delivering more integrated and sustainable healthcare in the Kingdom. Saudi Arabia’s current state of data analytics indicates there is room for further implementation of artificial intelligence (AI) tools in the patient journey.
Saudi Arabia has made some investments in data collection; however, there is still a need for growth as the country falls below the 16-country average across data collection & analytics metrics. 92% of healthcare professionals and 75% the general population believe that technological integration would make the quality of care better.
Fidanci closed by adding, “The index results confirm the Kingdom’s e-health strategy is a pivotal pillar in the future for improving and managing people’s health. The FDI offers a meaningful measure that helps countries like the Kingdom to identify their immediate needs and readiness for artificial intelligence tools and similar to be a part of the patient journey.”
Notes to the editor
(Australia, Brazil, China, France, Germany, Italy, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, the UK and the US.
KSA results tabulated2