In healthcare, the golden triangle of ideals consists of accessibility, affordability, and quality. At the center of this triangle is the concept of healthcare that is accessible to everyone, regardless of their income status or geographic location. This means that healthcare providers must have facilities and resources available in a range of different settings and neighbourhoods. On the next tier are healthcare providers that offer services at an affordable cost. Healthcare professionals must work closely with insurance companies and government agencies to set fair prices for treatments and procedures to achieve this goal. Finally, healthcare should also be high quality, meaning that it delivers outcomes that are optimal for patients’ health outcomes as well as their experiences. Striking a balance between these three tenets requires a great deal of skill on the part of healthcare providers.
The healthcare sector is one of the most important domains that affect the entire global population, which inextricably links to any country’s development. However, as healthcare spending rises and the industry evolves, Sameer Suhail believes accessibility remains a major issue. At least half of the population worldwide does not have easy access to necessary health services. Furthermore, due to a lack of access to quality, affordable healthcare, 100 million people fall into poverty due to out-of-pocket health spending.
Countries with a strong healthcare system frequently have long waiting lists to see a specialist or perform a simple surgery. Due to a meager budget or resource constraints, Sameer Suhail finds that some countries have systems that do not offer the best quality care. Less-developed countries also have a limited number of facilities that are understaffed and under-resourced. As a result, it causes patients to overspend on healthcare. Eight hundred million people worldwide spend at least 10% of their household budgets to get the necessary treatment for themselves or someone in their family.
What can the private sector do to increase access to high-quality healthcare in local markets?
Collaborate with the Public Sector
With increased healthcare spending comes increased pressure on governments to provide community health services. Therefore, Sameer Suhail believes working collaboratively through public-private partnerships (PPPs) and maintaining dialogue between the two sectors creates a healthy ecosystem to ensure that as many people have access to healthcare. In addition, the private sector should provide affordable healthcare options for all community members, including those with lower incomes. Sameer Suhail believes it relieves some of the pressure on the public sector while also providing patients with high-quality healthcare at reasonable prices.
Educate and Mobilize the Health Workforce
According to the WHO, there will be an 18 million health workers shortage by 2030. Countries at all socioeconomic levels will face challenges in workforce education, employment, deployment, retention, and performance. Sameer Suhail believes it is critical to invest in the education and training of our local workforce, with patient-centered care at the forefront. It ensures that healthcare systems are not only contributing to the shortfall but also working to increase accessibility.