AN INVESTMENT RATHER THAN A COST: A NEW APPROACH
• Focusing on investing in prevention and early intervention: preventing disease is far more effective for improving patient well-being and provides better value than treatment
• Exploring new ways to improve patient outcomes while lowering costs such as measuring and tracking outcomes and rethinking how healthcare is supplied and paid for
The OECD defines healthcare expenditures as “…total expenditure on health care measures: the final consumption of health goods and services plus capital investment in health care infrastructure. It includes spending by both public and private sources (including households) on medical goods and services, on public health and prevention programmes, and on administration.”
It’s not always simple to compare healthcare expenditures in different countries. The OECD recommends comparing both health spending to GDP ratios and per capita spending to get a clearer picture of how different countries’ spending compares.
OECD Factbook 2011-2012
Spotlight on Prevention: When, Who and How?
Unhealthy lifestyles and lack of physical activity are key factors in the development of chronic diseases. Early prevention and diagnosis, better education, and above all collaboration among governments, patient organizations, and industry are crucial to prevent chronic diseases from arising.