Value Based Procurement

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With increasing demand for healthcare set against a backdrop of limited financial resources, there remains ongoing need for procurement to deliver increased year on year savings across the NHS.

To address this challenge, NHS Supply Chain has initiated a project designed to consider the potential benefits and practical application of Value Based Procurement (VBP).

Here, there is a shift in emphasis from a reduction in product costs to working with industry to consider technologies that can influence a reduction in total costs within the patient pathway.

VBP will provide an additional methodology that can be adopted by Category Tower Service Providers as a means of driving sustainable increased savings and improving patient outcomes.

We also believe this approach could offer the potential for expanding the scope of influence for procurement and industry working in partnership with NHS stakeholders to meet the needs of the health service in the 21st century.

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Source: NHS Supply chain
Date: 13/04/21