Different Is Necessary: Approaches to Advance Value-Based Procurement in Canada
Courtesy of The Conference Board of Canada, October 7, 2022
| Impact Paper by Isabelle Gagnon-Arpin , Chad Leaver , Isabella Moroz , Nicholas Moroz |
| Value-based procurement (VBP) is an advanced approach to purchasing that addresses the challenging problem of how to improve patient care and outcomes while containing healthcare costs. Document Highlights In Europe, contracting authorities have been successful in value-based procurement (VBP) practices by using the most economically advantageous tender (MEAT) approach, with 68 per cent of medical technology tenders across 11 countries using MEAT instead of the lowest-price approach between 2016 and 2019. In Canada, there is currently no mechanism for identifying the procurement approach taken by provincial, regional, and local healthcare contracting authorities. Our research highlights four scalable methodologies that can help increase the value of healthcare investments at different procurement levels. These methodologies generated considerable value as financial and non-financial advantages for the contracting authority as well as benefits for key stakeholder groups including patients, providers, hospitals, healthcare systems, and the broader society. Each methodology also provides solutions to help overcome the most pressing barriers limiting the adoption and scale of VBP in Canada. These solutions include data and measurement as well as pathways to public–private partnerships. |
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https://www.conferenceboard.ca/e-library/abstract.aspx?did=11838&utm_source=ed&utm_medium=email&utm_campaign=IMP22RATBOCT7&mkt_tok=MDk0LUVHRi02MzkAAAGHUtMJl7MYbb3YqndLSSn-WLg8miJ9tqg4ZXiJXjF4eIdyQ3d2gHxN77FMBP9eJxQsZ7iweF8PM2GnRcZ-0AmiIjWkfvX94ruNoZi1eLzoOEYR
Business Mentor & CEO at Grow Vantage & Ask For Directions Training
Business Mentor at Ask For Directions Training and Grow Vantage
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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