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News 41

Canada Can Become a Global Leader in Health Care Value, Says BCG

TORONTO, Jun 06, 2012 (MARKETWIRE via COMTEX) -- Canada's health care system is among the best in the world when it comes to its readiness to adopt one of the most promising developments in the health care field -- an approach called "value-based health care." But major obstacles are preventing it from capturing the full potential of this trend, according to a new study by The Boston Consulting Group (BCG).

Value-based health care is an approach to controlling health-care costs while achieving better health for patients. It relies on documenting variations in clinical practices and in the results they achieve for patient outcomes. Making data on results and costs widely available allows doctors and other clinicians to identify and improve best practices based on real-world evidence. It also helps to steer resources toward the clinical centers and the specific clinical interventions, like drugs or surgical techniques, that achieve the best results.

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