Overtreatment, problems in accessing essential care and diagnostic services, uncontrolled costs, and health treatment related errors or adverse events, have been identified as major points that affect efficiency of health systems and policies across the world.

The landmark 2017 OECD report on “Tackling Wasteful Spending on Health” presented significant data on inappropriate care and wasted resources. The report stressed that a significant amount of health spending is “at best ineffective and at worst wasteful”.

Value-based health care is a crucial driver of health care transformation, nowadays. Value-based approaches to reforming healthcare systems are organized and implemented in various systems, also, in European countries and the outcomes that are being reported are admirable with regards to both the effects in patients’ outcomes and economic value.

 

The Euro-Mediterranean Institute has joined forces with The Decision Institute to bring up-to-date knowledge on the VBHC matters in Greece and in Cyprus.

 

The Decision Institute is a pioneering business school, based in the Netherlands, specializing in creating business breakthroughs in organizations/teams that make a difference in the connected world. To accomplish this mission, The Decision Institute offers tailor-made in-house programs, executive education, master classes, workshops, doctorate programs, international and (executive) MBA programs.

The Expert Panel on effective ways of Investing in Healthcare, EXPH, of the European Union at its Issue 2019, proposes to define “value-based healthcare (VBHC)” as a comprehensive concept built on four value-pillars: appropriate care to achieve patients’ personal goals (personal value), achievement of best possible outcomes with available resources (technical value), equitable resource distribution across all patient groups (allocative value) and contribution of healthcare to social participation and connectedness (societal value).

value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. The concept comes through business management and was first described by Michael Porter in 1985.

Based on the research of Professor Michael Porter, Value-Based Health Care is a framework for restructuring health care systems around the globe with the overarching goal of value for patients. According to Porter, ‘’…achieving high value for patients must become the overarching goal of health care delivery, with value defined as the health outcomes achieved per dollar spent. Value depends on results, not inputs, value in health care is measured by the outcomes achieved, not the volume of services delivered, and shifting focus from volume to value is a central challenge ..’’ (New England Journal of Medicine, 2010).

Contact us to discuss how VBHC models and philosophy could be adapted by your organization and how a pilot project could be formulated and run effectively.

Save resources, raise profitability, achieve improved patients’ therapeutic outcomes and experience. Become a pioneer in Healthcare, Enhance your competitiveness.