EVENT: HEALTHCARE ASIA SUMMIT

approach. “It’s not just the individuals, not just the government, not just the private sector. That really, it’s a whole village approach,” she said.

Meanwhile, Basumatary admitted that there is no “silver bullet” for innovative financing concepts in healthcare. Still, he identified two main problems: the source of money and the delivery mechanism for affordable healthcare. The first requires systemic changes, whilst the second can be addressed with innovative solutions, such as financing options that allow patients to pay in installments.

Kearney Partner Sanath Kumar Balasubramanyam discussed “Operational excellence to deliver value-based care” for his speaking session. He acknowledged that several challenges need to be addressed from an operational standpoint, then proposed ways to use digital means to move towards efficiency improvements.

InterSystems’ Director for Customer Relations and Sales –Healthcare in Southeast Asia, Stella Ramette, talked about Fast Health Interoperability Resources (FHIR). She stressed the need to break down dialects in all data systems and instead embrace a lingua franca so everyone can do the same thing, whether they are working in a hospital or insurance company, amongst others.

Vejthani Hospital Chief Operating Officer Dr. Tullawat Pacharapha discussed key trends in hospital management that have already been adopted: delivering outcomes that matter to patients, managing patient experience both in person and digitally, enhancing team collaboration, adopting automation and AI to improve efficiency, and using data and analytics to inform decision making.

For his session, EY Asean Life Sciences and Health Care Leader Abhay Bangi talked about various dimensions of value-based healthcare. Stakeholders in the system have different definitions of value, which makes it challenging to agree on the most critical data points necessary to address value.

Bangi suggested that creating a neutral definition of value, aligning data collection and sources, creating a safe environment for collaboration, investing in the business case and payment model, and upskilling frontline workers are essential steps to implementing value-based healthcare successfully. He also emphasised the importance of the five golden rules, which include considering objectives, tracking outcomes, identifying data sources, evaluating the workforce’s maturity, and analysing payment models.

Value-based healthcare: collaboration and benefits

The third panel discussion featured Dr. Clive Tan, Assistant Chief of Group Integrated Care (Population Health) at National Healthcare Group; Cindy Choe, CEO at Prince Court Medical Centre; Dr. Ethan Lim, Medical Director at Fullerton Health; and Susan Fanning, Health Insurance Industry Expert & Health Actuary.

Read the full event coverage at https://healthcareasiamagazine.com/