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🌟 Unlocking the Secrets of Value-Based Procurement! 🚀 Dive into the timeless wisdom of a groundbreaking publication from 2020 that continues to illuminate the path to excellence in healthcare procurement. 📚 Explore the dynamic world of Value-Based Procurement and unravel the profound insights that shape better patient outcomes while driving down healthcare costs. 💡 Time may have passed since its initial release, but the impact of the publication endures, offering a journey into the innovative strategy that redefines the procurement landscape. 🚀 Let's transform the way we approach healthcare procurement together! 🌐👥 #vbhc #vbp #valuebasedhealthcare #procurementinnovation #innovationprocurement #ValueBasedProcurement #HealthcareInnovation #ProcurementExcellence

💡 "The value of an idea is in the using of it," is attributed to Thomas Edison. #Valuebasedprocurement in health care has become more than an "idea" as exhibited not only by the real-life examples in article below, but also the increasing number of value-based applications in multiple patient groups and health care sectors around the world. It is one of the powerful, yet still under-utilized, levers that we have to impact the improvement of #patientoutcomes for the money spent on health care. Thanks to Hans Bax 🔵 and the Value Based Procurement Community of Practice for continuing to drive impact through value-based healthcare. Goetz Gerecke, Yves Verboven, Dr. Christoph Pross #thepatientpriority

🗓️ Yesterday, our colleagues from SILO Laura Sánchez Alonso and Esther Martinez Alvarez attended the sixth edition of the European Value-Based Procurement Conference: “Transforming Procurement in Healthcare: Bridging Policy, Sustainability and Patient-Centric Approaches”, held in Brussels. 🤝 The event brought together European healthcare leaders who explored how Value-Based Procurement addresses key challenges in the provider-supplier relationship, leading to better health outcomes and more sustainable practices. 💡 This conference provided an incredible opportunity to engage with public policy to drive a paradigm shift in procurement practices and to continue deepening how value-based strategies can transform healthcare delivery, aligning purchasing decisions with better outcomes, sustainability, and patient-centric care.

Cost reductions aren't everything. Value-based procurement (VBP) is a concept gaining momentum in the healthcare industry. As the name suggests, VBP focuses on procuring goods and services based on the value they provide rather than just the cost. This approach is becoming increasingly important as healthcare organizations strive to improve patient outcomes and optimize resource use. International studies have highlighted the success of VBP in various healthcare settings. For example, a study conducted in the Netherlands found that VBP improved the quality of care and increased patient satisfaction. Similarly, a study in Sweden demonstrated that implementing VBP resulted in a more efficient allocation of resources and reduced healthcare expenditures. Is your facility embracing Value-based Procurement?

Cost reductions aren't everything. Value-based procurement (VBP) is a concept gaining momentum in the healthcare industry. As the name suggests, VBP focuses on procuring goods and services based on the value they provide rather than just the cost. This approach is becoming increasingly important as healthcare organizations strive to improve patient outcomes and optimize resource use. International studies have highlighted the success of VBP in various healthcare settings. For example, a study conducted in the Netherlands found that VBP improved the quality of care and increased patient satisfaction. Similarly, a study in Sweden demonstrated that implementing VBP resulted in a more efficient allocation of resources and reduced healthcare expenditures. Is your facility embracing Value-based Procurement?

🔍 Navigating change in healthcare procurement? The unique demands of this sector make effective change management even more vital. In our latest article, “Change Management in Digital Procurement for Healthcare,” we explore strategies tailored to healthcare organizations to ensure smoother digital transitions and optimize procurement processes. Explore insights on successful transformation in healthcare procurement: https://lnkd.in/gZ7Zkwj4

Healthcare

Great article - applies to both healthcare sector and non-healthcare sector. GPO's prove a valuable addition to all procurement teams. The Value of the GPO Sourcing and Contracting Process – The Journal of Healthcare Contracting (jhconline.com) 🔍 FUN FACT: CHAMPS GPO model originated from the 1st Metropolitan Hospital Association over 100 years ago. #manufacturing #mro #procurement #procurementexcellence #operationalsavings CHAMPS Group Purchasing The Center for Health Affairs

How mature is your approach to non-clinical procurement? The answer could be impacting your bottom line. David Kirshner, LogicSource Managing Partner of Healthcare, spoke on this very topic of “Healthcare Innovation: Increasing Non-Clinical Procurement Maturity” at the annual Healthcare Financial Management Association (HFMA) Maryland Healthcare Conference. Speaking to healthcare finance professionals and leading healthcare organizations, David shared how implementing a centralized non-clinical procurement process is the key to driving significant operating margin improvements and increasing the function’s overall maturity. Want to hear more from healthcare finance leaders like David? Connect with us to discover how we can help you uncover hidden savings and achieve healthier margins here: logicsource.com/healthcare #HFMA2024 #HealthcareFinance #HealthcareLeadership #HealthcareProcurement

Registered and looking forward to this discussion. Value Based Health Care is a hot topic at the moment.