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healthcare app development company Medical Web Experts have released a study in partnership with Bridge Patient Portal that reveals and compares the raw cost of healthcare services in different countries around the world. As a company that uses technology to reduce the cost of care and improve patient outcomes, they were motivated to carry out the study to better understand how healthcare systems and costs vary from country to country by looking at the actual cost of healthcare services - whether paid for by governments, insurance companies or out-of-pocket by citizens. They did this by assessing levels of healthcare expenditure, insurance contributions, and different healthcare costs. As well as general healthcare costs such as medicine prices and outpatient care costs, they also analyzed how much it costs to treat a Covid patient in intensive care in each country.
How the study was conducted:
The study began by assessing every country in the world, before the final list was cut to 60 countries with reliable and comparable data.
Next, the researchers analyzed healthcare expenditure in each country by looking at the total annual healthcare expenditure per capita on things such as social security, inpatient and outpatient care, and medical goods. Following this, they identified the percentage of people in each country that have access to essential healthcare services.
The health insurance landscape in each country was then assessed. Firstly, the researchers looked at how much of a country’s total health expenditure comes from voluntary health insurance. Then, they compared the amount citizens in each country contribute to healthcare schemes through compulsory health insurance and taxes.
Finally, the researchers studied the cost of healthcare in each country. They started by analyzing levels of out-of-pocket expenditure by households on healthcare. Next, they calculated the average nightly cost of treating a Covid patient in intensive care. They then identified the average annual cost of general outpatient care per capita, before concluding the study by comparing the prices of common medicines in each country.
The resulting index provides a thorough analysis of the cost of healthcare in each country, incorporating both general and Covid-specific expenditure.
Findings:
The table below on the left reveals a sample of results for the 10 countries with the highest annual healthcare expenditure per capita. The table below on the right reveals the countries where the cost of caring for a Covid patient in ICU is highest. Both tables are in USD.
|
Country
|
Total Healthcare Expenditure Per Capita (USD)
10,921 9,666 8,007 6,275 6,221 6,003 5,671 5,440 5,429 5,427 |
|
Country
|
Average Cost of a Covid Emergency Night (USD)
20,939 11,590 9,297 8,960 7,973 7,354 6,884 6,627 5,965 5,863 |
This is a sample of the full dataset, which you can find here: https://landing.page
https://www.medicalwebexperts.com/the-cost-of-healthcare/index.html
Spokespeople at Medical Web Experts are available for interviews.
