Portugal: new cataract surgery to help reduce healthcare costs
A cataract surgery initiative launched by healthcare institution Health Cluster Portugal (HCP) has been recognised for its innovation by the World Economic Forum’s global coalition for value in healthcare
The value-based healthcare in cataract surgery (VBHCAT) initiative was created by HCP with the hopes to promote a culture of continuous improvement in a high-volume surgery with a high impact on patients’ quality of life and costs to the national health service.
As the World Economic Forum predicts that the world will spend an estimated U$25 trillion per year on healthcare by 2040 – which represents a 150-per-cent increase since 2014 – it is no surprise that HCP’s initiative has piqued the interest of the World Economic Forum. HCP’s initiative has been invited to participate in the World Economic Forum’s Global Innovation Hub for Value in Healthcare community, which brings together the world's best practices to help transition from current production-based healthcare payment models to future value-based models.
“We are very proud of this recognition and it shows that we are on the right path towards adding value to health in Portugal by placing the citizen/patient at the centre of the system,” commented HCP Business Director, Joana Feijó.
As identified by our recent feature on rising health insurance premiums, higher incidents of age-related health issues are among the factors due to contribute to the increasing cost of healthcare around the world in the coming years.