Over the past years Business Sweden has together with prominent Swedish health care and life science companies created a Russian-Swedish platform for knowledge exchange and business dialogue in the important field of healthcare. The focus for this year has been on ways of gradual implementation of an outcome focus in the Russian healthcare system inspired by the Value Based Healthcare concept. By bringing together international experts from ICHOM, health authorities, caregivers, health professionals, patient advocates, academia and industry experts, we help to enable fruitful discussions and encourage collaboration. AstraZeneca, Atlas Copco, Elekta and Diaverum were representing Swedish industry this year.
Healthcare systems around the world are in the midst of an historic transition with the patient at the centre of care, with success measured in wellness, improved outcomes, reduced variability, increased quality, patient engagement and patient satisfaction scores. In an effort to achieve the best outcomes possible for patients, while curbing costs, stakeholders from across the health sector are actively promoting a shift to a more transparent, value-based approach to service delivery, payment, and policy.
Securing people-centered health systems will depend upon understanding what matters and what works for patients. Outcomes are the ultimate measure of success in healthcare. When seeking treatment, patients want to know what their life will be like after treatment: will I return to work, will I be able to take care of myself, and will my symptoms improve? Focus on outcomes that actually matters to patients, along with advances in digital technologies create many opportunities to improve access to care, to reduce variation in outcomes, to increase healthcare quality and improve cost-efficiency.
In January 2017, Health Ministers from over 35 OECD and partner countries met in Paris to exchange their ideas, ambitions and challenges for “The Next Generation of Health Reforms”. The Ministers also agreed on future priorities for the work of the OECD’s Health Committee. One of the priorities is the adoption and reporting of patient reported outcomes measures in a standardized way worldwide in collaboration with The International Consortium for Health Outcomes Measurement, ICHOM.
Sweden is one of the global frontrunners leading the transformation towards a more people-centered value-based system and other countries look to Sweden for inspiration, advice, solutions and innovations.
The trend towards value-based healthcare offer opportunities to medical device and pharma companies if they can prove that they are offering innovations that will feed directly into better patient outcomes. Doing that requires adopting several strategies. One of the key strategies is to promote the idea that value does not equate to price, and that investment in real innovations can reduce overall spending. Therefore, and to support international revenue growth, Business Sweden engages with ICHOM and its global network of policymakers and care providers to strengthen the innovation leadership position of Swedish healthcare and life science industry worldwide.