Value-Based Healthcare in Canada: Opportunities for Advancement

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Value-Based Healthcare in Canada: Opportunities for Advancement

Health

Author: Alexander Smith, David Barrett, Isabella Moroz, Monika Slovinec D’Angelo

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Value-Based Healthcare (VBHC) is a patient-centric approach to designing and managing health systems. The approach has the potential to deliver substantially improved health outcomes at significantly lower costs. The process assesses costs incurred and services provided to patients with a focus on outcomes that are meaningful to them.

Value-Based Healthcare Canada (VBHC Canada) is an independent, pan-Canadian initiative launched by The Conference Board of Canada. VBHC Canada 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.

Value-Based Healthcare in Canada examines the benefits of value-based investments, explores value-based funding models and procurement, and draws on Canadian and global experiences to build capacity for value-based healthcare transformations.

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Value-based approaches to health system management and healthcare delivery are being explored in Canada. To be reflected in improved health outcomes and system efficiencies, strategic efforts to drive value need to be patient-centric, coordinated across stakeholder groups, grounded in standardized systematic measurement, and enabled by a robust data infrastructure.

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