VALUE-BASED HEALTHCARE

Reining in the spiraling cost of healthcare — without sacrificing quality

COMPETITIVE DIALOGUE + INNOVATIVE PROCUREMENT = BETTER VALUE

Lowering costs sounds good in theory, but how do you translate theory into practice? How can you lower costs and simultaneously afford new innovation?

In this 4-minute video, find out how Ontario’s Southlake Regional Health Centre began its value-based healthcare (VBHC) journey. Through two main strategies — competitive dialogue and innovative procurement — they shifted focus from getting the lowest price to getting the best value. Continue reading more about this topic.

WATCH HOW SOUTHLAKE IMPROVED VALUE


HEALTH SYSTEM AND MEDTRONIC PARTNER TO REDUCE COSTS

Controlling rising healthcare costs won’t happen overnight or in isolation. The shift to better value requires strategy, collaboration, and innovation. Where to start? What steps can you take to get better value for every dollar spent?

Discover how a first-of-its kind partnership between Lehigh Valley Health Network and Medtronic plans to save $100 million dollars in healthcare costs over 5 years. How? Through technology, process optimization, data analytics, and a financial structure focused on outcomes. Continue reading more about this topic.

WATCH LEHIGH VALLEY’S STORY


EFFECTIVE, EFFICIENT, COORDINATED CARE

VBHC isn’t just a theory, it’s happening right now. But the transition from fee-for-service to a value-based model of care requires the coordinated efforts of all stakeholders. How can we collaborate to realize more efficiencies?

In this short video, find out how we can collaborate on products, services, and solutions. The result? Better value for patients, providers, and payers. Continue reading more about this topic.

WATCH THE VIDEO ABOUT IMPROVING VALUE IN HEALTHCARE


PROVIDING CARE AT REASONABLE COST

How can we provide quality healthcare at a sustainable cost? What approaches show promise?

Value-based healthcare is one such model, using data and technology to revamp the delivery of care and develop cost-effective products and solutions. Together, we can build healthcare systems that reward patient-centered outcomes over output. Continue reading more about this topic.

WATCH VIDEO ABOUT DATA’S ROLE IN VBHC


CONTROLLING COSTS WITH VBHC

You’ve heard the daunting statistics — healthcare costs $948 per person per year globally,1 and total global healthcare spending exceeds $7.8 trillion.2 Now we must focus on solutions. Value-based healthcare (VBHC) means a shift from fee-for-service to fee-for-value, allowing products, services, and integrated solutions to improve patient outcomes per dollar spent in the healthcare system. Discover the promise of VBHC.

Interested in learning more about value-based healthcare?

View VBHC Videos & Resources


References

1

World Health Organization. Spending on health: A global overview. April 2012. http://www.who.int/mediacentre/factsheets/fs319/en/ Accessed September 8, 2015.

2

Dieleman JL, Templin T, Sadat N, et al. National Spending on Health by Source for 184 Countries between 2013-2040. The Lancet. June 18, 2016;Volume 387, No. 10037:2521-2535. http://www.thelancet.com/journals/lancet/article/PIIS0140-6736(16)30167-2/abstract.