Conference Board fo Canada: Value-Based Procurement and Innovation: Procurement as an Enabler of Value-Based Health Care

The need for improving health outcomes and health system performance while controlling costs is of paramount importance for leading countries. This has led to the emergence of value-based health care models, which show a shift from emphasis on volume of services provided to patient outcomes achieved, thus optimizing value for patients. Given that procurement is at the heart of purchasing value, value-based procurement goes hand-in-hand with value-based health care.

Procurement used to be designed around procuring for commodities and now is increasingly shifting to procuring for outcomes and solutions. With this shift comes a realization that traditional processes don't always serve health care systems well. Some international jurisdictions, particularly in Europe, are shifting their procurement philosophy and practices towards value-based procurement to the benefit of health care systems. Canadian provinces are taking note and following this trend. A strong understanding of the possibilities within value-based procurement and the processes involved among key stakeholders is vital to make progress quickly and reap the benefits that our health care systems require.

The Conference Board of Canada will be holding a one-day conference that will help you better understand value-based procurement, competitive dialogue, and clinician and physician engagement, exploring great tools to implement so you can benefit from the opportunities.

The sustainability of Canada's public health care system will depend in large part on innovations that can enhance the efficiency, safety, quality, and productivity of health and health care services. Read more...