payer 2.0 and its impact in emerging coutnries

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Presented by MEDx eHealthCenter

Patricia Monthe

Founder/CEO MEDx.Care

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Key Learnings 1. Understand the eco system of healthcare financing in emerging countries

2. Understand it’s structure and impact on care delivery

3. Understand the role played by innovative players in this space

4. Discuss the MEDx.Care Solution in this space and how we will fundamentally improve the whole chain through this innovation

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Global health spending in 2002 was $3.2 trillion, about 10 percent of global gross domestic product (GDP). Only some 12 percent of that, $350 billion, was spent in low- and middle-income countries. High-income countries spend about 100 times more on health per capita (population-weighted) than low-income countries—30 times if one adjusts for cost of living differences. Worse still, more than half of the merger spending in low-income countries is from out-of-pocket payments by consumers of care—the most inequitable type of financing because it hits the poor hardest and denies all individuals financial protection from cata- strophic illness that public and private insurance mechanisms provide.The public share of total health expenditures changes with income category: the public share is 29 percent in low-income countries, 42 percent in lower- middle-income countries, 56 percent in upper-middle-income countries, and 65 percent in high-income countries.

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History of Healthcare financing and payment methods

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The current Best Practice for healthcare financing

Only 18% is collected through the GDP

72% Must be generated through private and families

90%

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Why Should we democratise Healthcare financing in developing countries?

1.It is a right everyone should have access to (Healthcare).

2. Policy Makers are struggling and new innovative models might be the answer to support the SDGs by 2030

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Democratising the care financing by MEDx.Care

MEDx wantsto Add 5-10% of currentremittance fund directly here

Extend the private providers through technology

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Current Landscape of InsurTech for Health

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Demo New Care payment model through MEDx.Care

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payer 2.0 and its impact in emerging coutnries

Health & Medicine