Alignment with value-based healthcare (VBHC) varies widely across Asia
- New EIU research establishes a common framework for assessing and tracking progress toward value-based healthcare (VBHC) in 25 countries worldwide
- Out of the six countries studied in the Asia-Pacific, South Korea is the furthest ahead in alignment with VBHC due to high scores in enabling context for VBHC and measuring outcomes and cost
- Australia and Japan are close behind
- The programme includes a foundational 25-country study where VBHC alignment is published via a data matrix, a comprehensive report, an executive summary and individual country snapshots
The Economist Intelligence Unit (EIU) recently unveiled research that includes a new framework for evaluating value-based healthcare (VBHC), an emerging model for health systems to connect the medical outcomes that matter to patients relative to their costs. The key findings for Asia-Pacific include: Out of the six countries included (Australia, China, India, Indonesia, Japan and South Korea), only Japan has a national policy that supports organising health delivery into integrated and/or patient-focused units. Australia was particularly strong in adopting an outcomes-based payment approach, and India and Indonesia exhibit policy-making in the direction of increased patient care, access, and quality.
The framework consists of 17 key indicators organised into four domains: Enabling context, policies and institutions for value in healthcare; measuring outcomes and costs; integrated and patient-focused care; and outcome-based payment approach. The framework reveals most countries are in the early stages of aligning with VBHC.
The research programme, commissioned by Medtronic, a medical technology, services and solutions company, seeks to establish the core components of the enabling environment for VBHC globally in a unified framework that can be widely used by healthcare stakeholders. The framework for evaluating VBHC alignment was created in conjunction with a panel of seven independent expert advisors from geographies across the globe.
The programme includes the foundational 25-country study, in which VBHC alignment is published via a data matrix of the indicator scores, a comprehensive findings and methodology report, an executive summary and individual country snapshots. The study is also complemented by policy papers and case studies focused on key issues that policymakers face when implementing VBHC—technology systems and human resources and payments.
“This study on alignment of country health systems with value-based healthcare provides a transparent framework for organisations interested in the building blocks of a value-based system and enables benchmarking at any stage. Across the countries in the Asia-Pacific region included in this report, we’ve identified some strengths. For instance, South Korea is advanced in the area of data collection and IT infrastructure to measure outcomes and costs. Other countries such as Indonesia and India focus on widening the healthcare coverage for their population, and have already established the foundations for building a value-based system, with existing health technology assessment agencies for example,” says Annie Pannelay, Principal, EIU Healthcare.
Visit http://www.vbhcglobalassessment.eiu.com/ to access the full research.
Press enquiries:
Mathew Hanratty, corporate communications manager
+44 (0)20 7576 8546
Atefa Shah, project manager
+1 212 541 0574
About The Economist Intelligence Unit
The Economist Intelligence Unit is the world leader in global business intelligence. It is the business-to-business arm of The Economist Group, which publishes The Economist newspaper. The Economist Intelligence Unit helps executives make better decisions by providing timely, reliable and impartial analysis on worldwide market trends and business strategies. More information can be found at www.eiu.com or www.twitter.com/theeiu.
