This week’s blog is by our colleagues, Elisabeth Aloy and David Pistor, a Director and Senior Manager who specialise in life sciences and healthcare within the firms consulting practice in Switzerland. The article recently appeared in Scrip and outlines the five design principles that should be considered in order to create a successful value based care pilot.
Most healthcare systems are battling with the challenge of delivering both better patient outcomes – in an environment of increasing prevalence of diseases – while managing escalating costs. So how can we ensure the best possible care and access to innovation for patients, while being mindful of these costs and healthcare budget pressures?
In the past decade, the introduction of Health Technology Assessments (HTA), and the impact of austerity measures, have started to address standards of care and budget pressures respectively (Figure 1). However, the value created by services and more holistic solutions are often overlooked in the healthcare delivery equation.
As mentioned in Deloitte’s 2016 publication Facing the tidal wave: De-risking pharma and creating value for patients, solutions combining new drugs, devices, processes and digital platforms (e.g. patient portals, registries), are more likely to improve performance and reduce costs than medical innovations alone. Yet, the impact of the treatment, interventions and patient experience of a medicine are typically not assessed in a robust way. They are also not usually considered as a key performance indicator when contracting or selecting a supplier.
Images pulled from original website.
The shortfall in adult social care funding is predicted to be £5,000,000,000 by 2024/5. Mere money and staff (both of which are in increasingly short supply) ca fix the problem. But technology might be able to. Look out for our upcoming article on tech in social care by Helen Dempster of Karantis360.
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