Linked to EAHP Statements
Section 1 - Introductory Statements and Governance: Statements 1.1, 1.3, 1.5
ACPE UAN: 0475-0000-22-001-L04-P. A knowledge-based activity.
The view on healthcare systems in Europe is moving from a productivity paradigm, which focuses on the amount of healthcare services provided, to a value-based healthcare paradigm, which focuses on patient health outcomes. In this paradigm shift, the healthcare system is rejecting a systemic “one-size-fits-all” approach, in order to apply a more patient-centered approach.
Traditionally, patient treatments were based on guidelines and other evidence-based treatment tools. In value-based healthcare, patient preferences in medical treatment are now fundamental to the way value is defined.
Value is no longer produced simply by delivering medical technology and medicines, in a value-based healthcare paradigm, instead, value emerges when the perspectives of the healthcare system and patients fuse resulting in optimal patient experience as well as strong clinical outcomes. Factors such as new technology, availability of information and communication between patients and healthcare professionals (HCPs) enable the fusion.
To measure value-based healthcare, tools such as Quality Adjusted Life Years (QALY) and Patient Reported Outcome (PRO), may be implemented in the healthcare systems to support value-based practice within limited healthcare budgets.
This transition from productivity to value-based healthcare requires hospital pharmacies to reconsider their strategic thinking to remain a key player within healthcare.
After the keynote, participants should be able to:
- Describe the difference between value-based healthcare and productivity
- List the key tools involved in achieving value-based healthcare
- Explain measurement tools suitable for assessing value-based healthcare
Educational need addressed
Hospital pharmacists work in an ever-changing environment. To remain a key player in healthcare, it is essential for hospital pharmacists to understand and adapt to the way healthcare is viewed and measured in society.
Keywords: Value-based healthcare, productivity, paradigm, QALY, PRO, technology, patient preferences