Value-based healthcare is generally defined as a framework for restructuring healthcare systems with the goal of providing value for patients, which represents an important paradigm shift in healthcare today. By the end of 2019, up to 15 per cent of global healthcare spending was directed toward value-based care, standing at US$1,969.3 million – a growth rate of 5.1 per cent over the previous year (Frost & Sullivan, 2019).
Across the Middle East and Africa (MEA), governments have significant opportunity to move faster in implementing value-based healthcare initiatives for reasons including not having to face legacy infrastructure and heavy investments in high-cost non-interoperable systems, while the GDP percentage of healthcare spending is also growing faster (Mecomed, 2020).
This report sheds light on where we are today in value-based healthcare from the perspective of Middle Eastern and international speakers that participated at Global Health Exhibition – The Virtual Edition. Held in December 2020, the event brought together leaders who offered a point of view through prisms that included digital enablement, imaging and the role of stakeholders, from payers to providers.
Michel Atallah – CEO, Siemens Healthineers Saudi Arabia, speaks to Omnia Health Insights about the company's approach to value-based healthcare
This report was produced with the support of Value-Based Healthcare Partner Siemens Healthineers, a leading medical technology company contributing to the enhancement of patients’ lives in Saudi Arabia.
