From competitive innovation to value based procurement of health tech

HTHC, in collaboration with representatives from the healthcare sector, has jointly developed a proposal for a value-based impact framework. This framework draws inspiration from a mission-oriented approach to identify or design solutions for intricate health problems.

The framework is designed to bolster public-private partnerships and employs an interdisciplinary approach to foster innovation within sizable organizations through agile development strategies. It facilitates the transition from traditional reimbursement models to value-based procurement, while also enabling continuous monitoring of effectiveness.

Beyond its role in fostering innovation, the value-based impact framework extends its scope to encompass the scouting, implementation, and scaling of existing solutions with well-established value and documented effectiveness.

The objectives of this value-based impact framework are multifaceted. To this end, the impact is persistently gauged within a Real World Evidence framework, which encompasses the collection of both qualitative and quantitative data. This comprehensive approach aids in securing the evaluation of clinical relevance, the reduction of waste, and the discontinuation of irrelevant or outdated health technology or IT-supported procedures.

In cases where solutions already exist, the process involves adopting a global perspective on needs, adapting, implementing, and scaling existing solutions, all while documenting their impact. Conversely, in instances where no solutions are currently available, the framework encompasses a worldwide outlook on needs, innovation, entrepreneurship, business creation, implementation, and scalability of novel solutions, with a concomitant emphasis on documenting their impact.

Impact-oriented data recommended to continuous monitoring effectiveness, should at a minimum, provide lucidity with respect to cost analysis, accessibility, sustainability, and quality assessment.

These endeavors transpire at the intersection of government, the private sector, and academia, where health technology stands poised to ameliorate health-related quality of life while simultaneously curbing costs, all while being underpinned by a commitment to sustainability.

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