Taking the value-based agenda forward: The five essential components of value-based approaches to health and care | NHS Confederation
Against a backdrop of financial pressures, growing demand for services and the quest for transformation of local services, the concept of value in the health and care system is one which has gained increasing prominence over recent years.
This paper explores how we can spread the adoption of value-based healthcare across all parts of the system and ensure that we maximise the benefits for those who use NHS and wider services.
It explores five key characteristics which we believe can support the wholesale adoption of value-based healthcare approaches. These are:
- learning and adapting through the adoption of innovation
- managing risk
- making best use of data
- thinking about pathways across the whole system
- listening to patients.
It is hoped that this paper will support colleagues across the health and care system who are working to embed value-based approaches in their organisations.