Value is defined as achieving the best patient-centered clinical and operational outcomes at the lowest total cost over the full care cycle. This is a considerable change from the traditional approach of focusing on attaining the lowest acquisition price. Across all of Canada, there are many practices, pieces of legislation, and trail-blazing policies that are helping to lay the foundation for value-based procurement (VBP).-By MALIBU KOTHARI

Right now, there is no mechanism to identify the procurement approach being taken by any of the local, regional, and provincial healthcare contracting authorities. There are four methodologies being examined that have been sho....