Nov 19, 2015

Top 10 healthcare systems in the world

WHO
Top 10
Eric Harding
3 min
These are the top 10 healthcare systems in the world, according to the World Health Organization (WHO).
The affordability of medical care is a sensitive topic for U.S. residents, as a re...

The affordability of medical care is a sensitive topic for U.S. residents, as a recent Gallup poll revealed about 13 percent of American adults didn’t have health insurance as of the fourth quarter of 2014.

However, other developed countries around the world have much more cost-effective systems in place.

RELATED TOPIC: Top 10 healthcare companies in the U.S. based on revenue

Below is the list of the top 10 healthcare systems in the world, according to the World Health Organization (WHO).

10. Japan

The healthcare system in Japan varies slightly from most other countries, as health insurance is mandatory for everyone — either through their employer or from a national program. However, screening, exams, hospital treatment, prenatal care and infectious disease control is free for everyone within the program.

9. Austria

Basic healthcare in Austria is free for everyone, even for foreign tourists who are just visiting. Each resident’s contribution to the healthcare system is based on individual income, and people have the option of purchasing additional private insurance to improve their basic package.

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8. Oman

With a healthcare system based on a district approach, allowing both residents and those who work in the country’s public sector have access to good, affordable healthcare. Because of this, disease in Oman is much lower than other countries in the Middle East, especially ailments such as measles and typhoid.

7. The Netherlands

Considered to be among the best healthcare systems in the European Union, patients in the Netherlands have a lot of freedom in choosing its healthcare provider.

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6. United Kingdom

One of the most lucrative healthcare systems in the world, the British NHS provides excellent access to healthcare at a low cost. Aside from being one of the top nations in using information technology, the UK is also among the leaders in treatment and management of chronic ailments.

5. Singapore

With a healthcare system run by its government, which controls the costs and makes sure all residents have access, Singapore has both private sector insurance as well as funding possibilities that can be used to maximize their coverage.

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4. Malta

With general taxes to ensure quality and affordable healthcare in this Mediterranean island, residents also provide weekly insurance contributions for healthcare access.

3. Andorra

A small principality located between Spain and France, Andorra’s healthcare funds are run and operated by the government. Employers have the ability to choose the package their employees will be enrolled in, as 92 percent of residents are included in the principality’s healthcare program.

2. San Marino

A microstate located within Italy, San Marino’s compulsory healthcare system for all residents is funded by the state. Like some others on the list, individual shave the option of maximizing their coverage by purchasing supplemental private insurances.

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France

With everything that has transpired there recently, this is very ironic and fortuitous. According to WHO, France has the best healthcare system in the world. The country has private and public funding working together to give almost all of the nation’s residents universal healthcare.

Although health insurance is provided by the workplace in most instances, individuals can get even more coverage through a supplemental private insurance of their choice. The French government is responsible for paying the majority of medical bills, while private insurances usually cover the remainder.

Source: Outstanding Colleges

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Dec 10, 2018

Top 10 healthcare innovations for 2019

Telemedicine
medical devices
Top 10
Genetics
Catherine Sturman
6 min
healthcare innovations
We take a look at some of the top 10 healthcare innovations which are transforming the sector

We take a look at some of the top 10 healthcare innovations which are transforming the sector

10. Telehealth

The telehealth market is booming. Consumers are leading increasingly busy lifestyles, with up to 60% favouring digitally-led services. Providing clinical care at a distance, increasing accessibility and eradicating potential delays has given patients greater control, boosting patient satisfaction and overall engagement. Such is its exponential growth, The Centers for Medicare and Medicaid Services in the US has recently released its proposed Physician Fee Schedule and Qualified Payment Programme updates for 2019, where telehealth services has been heavily featured, in order to deliver ‘different access points’ for patients.  

9. Mobile technology

Consumers have become accustomed to accessing their data through the use of various digital tools, where the use of mobile and tablet health apps has tripled from 13% in 2014 to 48% today. Catering to this growing market, British based start-up Babylon Health is making waves on a global scale. Partnering with the National Health Service (NHS) and private health provider, Bupa, it has also cemented its presence across the flourishing Chinese market, with a membership base exceeding 1.4mn citizens across Europe, Asia and Africa. By partnering with global juggernaut Tencent, Babylon’s artificial intelligence system has enabled both parties to interact directly with users, identify specific illnesses, deliver health status assessments, and triage necessary actions. The mobile app is available to over a billion users and linked to more than 38,000 medical facilities in China alone.

8. Artificial intelligence 

Artificial intelligence (AI) applications, such as predictive analytics for patient monitoring has provided significant financial savings. Applications that target hospitals and medical institutions include patient monitoring and transcribing notes for electronic health records (EHRs). The European Union is set to invest $24bn into artificial intelligence (AI) by 2020 in a bid to catch up with Asia and the US, who have invested heavily in AI and cloud services. This year, Google revealed its plans to harness AI and machine learning across a multitude of consumer technologies, particularly in healthcare. “If AI can shape healthcare, it has to work through the regulations of healthcare. In fact, I see that as one of the biggest areas where the benefits will play out for the next 10-20 years,” Google CEO Sundar Pichai has previously stated.

7. Blockchain

Blockchain is estimated to reach over $5.61bn by the end of 2025, even though it remains dependent on the ability to record and store information conveniently, economically and securely amongst different applications and systems. Providing transparency and eliminating third-party intermediaries, processes are streamlined, reducing healthcare costs exponentially. Unlocking the ability for providers to deliver a value-based healthcare system and enhance patient engagement, blockchain could save the industry up to $100-$150bn per year by 2025 in data breach-related costs, IT costs, operations costs, support function costs and personnel costs, according to BIS Research. Partnering with pharmaceutical giant GlaxoSmithKline (GSK), Ethereum blockchain-based supply chain platform, Viant sought to accelerate the pace of blockchain-based supply chain systems. Accenture and supply chain giant DHL have also developed a blockchain-based serialisation prototype which tracks pharmaceuticals from the point of origin to the consumer.

6. Health wearables

With the rise of lifestyle diseases, such as diabetes, more consumers are turning to health wearables that monitor glucose, heart rate, physical activity and sleep to gain a greater understanding of their health conditions. Following on from the release of the first Bluetooth headset back in 2000, the growing interest in wearables has seen monitoring our health and data become standardised. This data can be analysed by sophisticated algorithms to drive long-term diagnosis and support. Partnering with Google, health wearables company Fitbit is exploring the development of consumer and enterprise health solutions. Its acquisition of HIPAA-compliant health platform, Twine Health has seen the business enhance its clinical services by bringing on board a coaching platform, empowering people to seek better health outcomes.

See also

5. Electronic health records tools

From 2018-2022, the electronic health records (EHR) market is expected to grow at a compound average rate of 6% per year Providers and organisations continue to house fragmented technologies which create barriers towards collaboration and data sharing opportunities. This is further exacerbated if a patient straddles both public and private healthcare. Technology giant Apple has integrated patients’ medical records into its Health App as part of its iOS 11.3 beta. The data is encrypted and protected with the user’s iPhone passcode. Partnering with hospital providers and clinics, patients are now able to view their medical records from multiple providers within one platform. Johns Hopkins Medicine, Cedars-Sinai, Penn Medicine, UC San Diego Health and even the Cleveland Clinic have implemented this technology.

4. Healthcare transportation 

Non-emergency health transportation remains a key issue worldwide, preventing patients from getting to or from a doctor’s appointment. 25% of lower-income patients have missed or rescheduled appointments due to lack of transportation, costing US health systems up to $150bn each year. Transportation companies such as Lyft and Uber have therefore entered the market by partnering with state governments to reduce these costs and deliver personalised patient care.

3. 3D Printing 

Healthcare providers are set to represent the second largest industry sector in 3D manufacturing. The Food & Drug Administration’s decision to release its first comprehensive framework advising manufacturers of 3D medical products highlights its growing impact where more than 100,000 knee replacement surgeries are completed each year using 3D-printed, patient-matched surgical guides, for example. Through this process, surfaces and structures can be optimised for strength, weight and material use. Consultation between surgeons and patients has also been bolstered, where patients can better understand the complexity of his or her specific needs.

2. Genomics

As consumers get more involved in the management of their health, consumer genetics and research companies have grown in popularity and scale. People want to further understand their genetic makeup, leading personal genomics and biotech company 23andMe to become one of the largest consumer-based organisations worldwide. Interestingly, this year, the company has entered a four-year collaboration with GSK to develop new treatments, but using human genetics as the basis for discovery.

Not only looking to develop treatments by analysing human genetics, pharmaceutical companies are looking to even remove hereditary genes which pass diseases down generations. In 2017, human embryos were successfully ‘edited’ through gene editing tool, CRISPR (Clustered, Regularly Interspaced, Short Palindromic Repeats), eradicating hypertrophic cardiomyopathy within 42 embryos.

1. Vertical integrations

As healthcare providers aim to provide greater transparency, promote collaboration and lower escalating patient costs, 2018 has been the year for a significant number of vertical integrations. CVS Health’s $68mn takeover of health insurer Aetna is a case in point. By influencing more of the supply chain, it will gain significant negotiating power to reduce costs for payers and patients, develop personalised solutions and improve overall outcomes. It will also promote the eradication of delays in process by removing any third parties within traditional business models. Other notable integrations are Optum’s acquisition of the DaVita Medical GroupHumana and Kindred Healthcare and Cigna and Express Scripts.

Reports have indicated that not only has the number of healthcare deals more than doubled in the last five years, the size of deals has also grown as a result of repeat investor interest, highlighting that this trend is here to stay.

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