COLLABORATION IN HEALTHCARE Aligning Value

We collaborate with Harvard Business Review, sponsoring articles, webinars, and events to teach, explore, and examine important issues associated with value-based healthcare. Our partnership has resulted in a wealth of information to stimulate conversation and further progress. 

Ontario’s Southlake Regional Health Centre recently engaged in competitive dialogue to explore innovative procurement — allowing consideration of patient outcomes as well as cost. This value-based approach could revolutionize Canadian healthcare.

We are lending our expertise to Lehigh Valley Health Network (LVHN) in a first-of-its-kind partnership, designed to deliver better care for hundreds of thousands of patients while saving the health system tens of millions of dollars. LVHN will leverage Medtronic technology, expertise, and analytics to transition to a more sustainable, value-based system of care. This pioneering model can serve as a template for a promising new era in healthcare.

To help advance the global discussion of value-based healthcare, Medtronic partners with other organizations to host events around the world. During these events, key decision makers, local payers and providers, and industry leaders meet to better understand stakeholder needs and barriers to VBHC implementation.

INTEGRATED HEALTH SOLUTIONS

Acutely aware of the need to balance access and cost of treatment with quality care, we created Integrated Health Solutions (IHS), a team dedicated to supporting our partners beyond devices. IHS worked with Imperial Hospital in London to optimize care delivery, increase efficiency, and reduce waste — ultimately saving over $1.5 million in the first few years.