The more expansive definition of patient experience in the framework focuses on six dimensions of patient experience as defined by the Institute of Medicine: safe, effective, patient-centered, timely, efficient, and equitable. It refers to the “ simultaneous pursuit of improving the patient experience of care, improving the health of populations, and reducing the per capita cost of health care”. The “ Triple Aim”, a framework developed by the Institute for Healthcare Improvement, is widely recognized as the preeminent framework for achieving healthcare transformation at scale. Integrating digital modalities offer tremendous potential for cost savings and will provide a holistic view of a consumer’s health. These trends promise stronger growth towards achieving the triple aims of healthcare and help to address the challenges noted above. Significant problems plague healthcare systems worldwide, and governments and players in the industry struggle to address challenges that cause an ever-rising cost of healthcare without commensurate improvements in access and quality.Ī silver lining in the global gloom experienced during the COVID-19 pandemic is the rapid acceleration of certain trends in the healthcare industry.
Per capita spending on healthcare also varies widely between countries, with spending expected to increase, albeit unevenly, to $12,703 in the United States and just $37 in Pakistan, by 2024. Global health spending is also expected to rise at a 3.9% CAGR between 20. According to the Economist Intelligence Unit, healthcare spending as a percentage of GDP averages 10.3% globally in 2021, with significant variation across economies – 17.5% in North America and 6.5% in the Middle East and Africa. The healthcare sector represents a large part of the global economy and is the fastest-growing sector in many countries. By Bashir Agboola, VP & CTO, Hospital for Special Surgery
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