The moment of truth for healthcare spending: how payment models can transform healthcare systems

The global healthcare budget crisis is not a new topic and rising healthcare costs continue to be a critical discussion point. The limits of what can be spent on healthcare are being reached, and further, this spend isn’t correlated with improved patient outcomes. Healthcare systems worldwide urgently need transformation, but this change is possible only alongside the broadscale adoption of value-based payment models. The World Economic Forum’s Global Coalition for Value in Healthcare launched the Global Enablers Payment Community, a multistakeholder network aimed at cultivating collaboration, exchanging, experiences and accelerating healthcare transformation by pursuing this critical lever of value-based healthcare systems. This insight report is a thematic exploration into payment models as an enabler of value-based healthcare. The purpose is to use and showcase real case studies across healthcare stakeholders to provide guiding principles and concrete recommendations for implementing and deploying value-base healthcare payment models. It is the intention of this insight report to instill a sense of urgency across all stakeholders to change the way healthcare is delivered globally, to invest every healthcare dollar spent in what works best for the patient through the acceleration of the adoption of value-based payment models for healthcare transformation.