Press Release

Lives In Developing Countries Can Be Extended By 9 Years If 5% More GDP Is Invested In Healthcare Systems, Says FII Institute

  • Finding follows the publication of a global healthcare study by the institute that powers the annual Future Investment Initiative conference
  • FII Institute’s study also finds that integrating AI and robotics into existing healthcare systems could increase efficiency of healthcare investment by 20%
  • Research is publicly available as part of the institute’s third Impact series report, published ahead of the fourth edition of the FII conference on 27-28 January

December 17, 2020, Riyadh – A new global healthcare study published by the Future Investment Initiative Institute (FII-I), the not-for-profit global foundation that powers the annual Future Investment Initiative conference, revealed two critical findings:

  • An additional 5% of GDP invested in the healthcare systems of developing countries could lead to an additional 9 years of healthy life expectancy.
  • Integrating AI and robotics into existing healthcare systems could increase the efficiency of healthcare investment by up to 20%.

The research is part of the institute’s third Impact series report titled Health Equity: A Moral Imperative, which has been published ahead of the fourth edition of FII on 27-28 January 2021.

The conference will explore the theme of “Neo-Renaissance” – how we must collectively embrace this unprecedented opportunity for reinvention of every aspect of life across our planet to create a new chapter for humanity, rather than returning to the way things were before the onset of the pandemic.

FII Institute CEO Richard Attias said:

“This study is dramatic in its findings. Put simply, if our governments make wise investment decisions, we can increase life expectancy and we can make our health services work better for people in every part of our planet.”

“This is a time to look forward, to embrace the possibilities that AI and other technologies offer. Our Impact report highlights the need for us to emerge from the pandemic with an imperative to reinvent the way we live, work and care for one another. This is our chance to embrace a Neo-Renaissance.”

FII Institute's global healthcare study includes a global ranking of healthcare systems, based on the efficacy of their structures, processes, and most importantly, outcomes. The ranking was based on the Donabedian model, with additional correlation analyses conducted in order to identify performance drivers and recommendations.

The study will be repeated and expanded on an annual basis. For the first edition, FII Institute has focused on 35 countries, with representatives from every continent and a variety of development levels.

The wider Impact report – Health Equity: A Moral Imperative – explores the key challenges of healthcare systems, many of which have been brought to light during the pandemic. Interviews, features, and articles form a core call to action: that health is a fundamental human right, and that it is a shared responsibility to ensure global access.

The report discusses how much technology and innovation is already available that can extend healthy lifespan, increase global productivity and improve quality of life, raising the question: what is keeping humanity from embracing transformative change?

Academics, healthcare officials, and innovators from all over the world share their insights in the Impact report, including:

  • Professor Agnes Binagwaho, M.D., Ph.D., Rwanda's former health minister and Vice Chancellor of the University of Global Health Equity
  • Dr. Bertalan Meskó, Ph.D., The Medical Futurist
  • Rachel Dunscombe, CEO of the NHS Digital Academy
  • Walter Willett, M.D., Dr. P.H., Professor of Epidemiology and Nutrition at the T.H. Chan School of Public Health at Harvard University

“I have seen first-hand how lack of access to affordable healthcare can blight the lives of ordinary people,” says Dr. Nadine Hachach-Haram M.D., Founder of Proximie, a platform that enables an expert surgeon to virtually transport themselves into any clinical setting.

Speaking of the reaction-based, rather than prevention-based approach of developed healthcare systems, Professor Walter Willett says, "Western health systems have been focused on dealing with the consequences of poor diets and inactivity. There are a few places that are moving towards a different model, but the kind of system we have is really irrational.”

“I have no doubt that digital health can finally bring healthcare into the 21st century,” says Dr. Meskó, the Medical Futurist.

In discussing the opportunity for Africa to bypass traditional healthcare solutions with new technology, Professor Binagwaho says, “If we see an opportunity to leapfrog, we go for it. We have done it with our HIV treatment and our vaccination program.”

The report also highlights “Call to Impact” points across several topics, including concrete recommendations for governments, healthcare officials, as well as the general public.

Health Equity: A Moral Imperative can be viewed here.

END


About the Impact series

Impact is a series of reports tackling key opportunities, challenges, and engaging topics across the Institute's four impact areas: Healthcare, Sustainability, Robotics, and Artificial Intelligence.

The first report – Winning the Battle Against Disease Together – can be viewed here, whilst the second report – A Sustainable Future Is Within Our Grasp – can be viewed here.

All Impact articles can also be found on the institute’s dedicated webpage.


About FII Institute (FII-I):

FII Institute is a new generation of global foundation that ensures the world's brightest ideas find their way to materialize, scale and create positive sustainable impact on humanity.

With an ambitious vision to empower the brightest minds to shape a better future for ALL and with ALL, FII Institute will bring together global leaders and experts to collectively curate and enable concrete ideas that can solve today's most pressing societal issues while creating long-term platforms to reshape the future of humanity. To learn more, please visit the FII Institute website at https://fii-institute.org/. Keep up with latest news by following us on LinkedIn and Twitter and join in the conversation with #ImpactOnHumanity and #CallToImpact.


About the Future Investment Initiative (FII)

The fourth edition of FII-I’s Future Investment Initiative (FII) conference will take place under the “Neo-Renaissance” theme on 27-28 January 2021. More than 6,000 leading CEOs, investors and policymakers from around the world attended FII 2019, making it the third largest business gathering of the year.

Media General Inquiries Contact: media@fii-institute.org