EURIPHI Reflection Paper ‘Applying a value-based approach to innovation procurement in healthcare’

EURIPHI Reflection Paper ‘Applying a value-based approach to innovation procurement in healthcare’

Library WP7

Published on 21.10.2020

Public procurement can be a strategic tool to ensure that innovation enables patients to be in good health and to innovate the delivery of care, unlocking sustainable, resilient healthcare. However, due to budget limitations and spending reviews over past years across Europe, group purchasing organisations and centralised procurement bodies alike seek to buy in large volume, with an emphasis on spending reductions. This one-dimensional cost-based approach has brought unintended consequences for patients, healthcare professionals, as well as for our broader society and economy. This paper will focus on the topic of applying a value-based approach (as a means to ensure BPQR and MEAT in healthcare) to innovation procurement, i.e. the value-based procurement of innovative solutions. It will illustrate how the adoption of value-based innovation procurement brings opportunities to innovate healthcare delivery, addressing inefficiencies, avoiding unnecessary costs of care, while investing in personalised, high value quality, integrated care to the satisfaction of patients and caregivers and society alike.

EURIPHI Reflection Paper 'Applying a value-based approach to innovation procurement in healthcare'

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