Setting the Stage: The Status of Value-Based Procurement in Canada

The Conference Board of Canada, 14 pages, August 5, 2022
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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. Setting the Stage: The Status of Value-Based Procurement in Canada is the first part of a research series conducted by The Conference Board of Canada.

Document Highlights

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. Setting the Stage: The Status of Value-Based Procurement in Canada is the first part of a research series conducted by The Conference Board of Canada.

The Conference Board of Canada established the Centre for Value-Based Healthcare Canada, (VBHC CanadaTM) in partnership with its valued members and key stakeholders. The Centre is an independent, pan-Canadian initiative that brings together healthcare stakeholders from Canada and the world to help reach consensus on the priorities for value-based system transformation in service of improving patient outcomes and building more resilient health systems.

The Centre is engaging with an advisory board of pan-Canadian leaders to elevate the topic of value-based procurement (VBP) as a key element of applied value-based healthcare (VBHC) efforts in Canada. Setting the Stage: The Status of Value-Based Procurement in Canada is the first part of a research series conducted by the Conference Board. Further research (parts 2 and 3) will support leaders in government, the healthcare sector, and industry with tools and focused recommendations to propel value-based approaches to procurement.

Table of Contents

Key Findings
What Is Value-Based Procurement (VBP) and Why Is It More Important Than Ever?
Europe’s Shift Toward VBP
Local Momentum Is Building
Barriers to VBP Adoption
Priorities for Action
The Path Forward
Appendix A—Bibliography

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