Recognition of Excellence in Delivering Value-based Healthcare The Recognition Value-based healthcare is gaining solid traction in Canada and globally, as health systems seek to improve delivery of highly integrated care. Value-based healthcare is about creating value for patients throughout the full cycle of care and aims to maximize health outcomes per dollar spent which is referred to as patient value. Aligning with a value-based approach means reforming an entrenched system in which payments are made for volumes of service to a new approach where payment is tied to value and quality. Value based healthcare is best expressed through the following formula: Health outcomes Patient Value = ------------------------ Cost This recognition aims to increase the profile and understanding of value-based healthcare by honouring an organization, or team, that is deliberate in changing the way that care is delivered, resulting in improved patient outcomes. This means that patients are being optimally cared for at the right time, in the right setting and at the right cost. The Canadian College of Health Leaders recognizes that different healthcare sectors use different terminology to describe the individuals they serve. While the term “patient” is used in this document, it is considered an all-inclusive concept that includes clients from all health care sectors. Given that value-based healthcare is in its early stages in Canada, nominated teams or organizations may have limited experience to reference regarding their new initiatives based on the patient value created. As such, this recognition will evaluate: the organization/team’s approach to value-based healthcare; the patient-centered outcomes captured; cost to the fullest extent it can be captured for the patient journey in the initiative; and most importantly, the patient-reported outcomes including how their care and experience has improved under this model of care. The selected organization or team will receive an etched glass trophy, paid travel and accommodations for one representative to attend the College’s Honouring Health Leadership event and a complimentary registration to the National Health Leadership Conference. A $2,500 grant will be donated to the selected organization, or team, for an educational leadership event supporting the translation of value based healthcare leading practices within the organization. Eligibility Teams and organizations are eligible to apply. Teams that have collaborated on the initiative can exist within one single organization, or within a health system.
Recognition of Excellence in Delivering Value-based Healthcare The Recognition Value-based healthcare is gaining solid traction in Canada and globally, as health systems seek to improve delivery of highly integrated care. Value-based healthcare is about creating value for patients throughout the full cycle of care and aims to maximize health outcomes per dollar spent which is referred to as patient value. Aligning with a value-based approach means reforming an entrenched system in which payments are made for volumes of service to a new approach where payment is tied to value and quality. Value based healthcare is best expressed through the following formula: Health outcomes Patient Value = ------------------------ Cost This recognition aims to increase the profile and understanding of value-based healthcare by honouring an organization, or team, that is deliberate in changing the way that care is delivered, resulting in improved patient outcomes. This means that patients are being optimally cared for at the right time, in the right setting and at the right cost. The Canadian College of Health Leaders recognizes that different healthcare sectors use different terminology to describe the individuals they serve. While the term “patient” is used in this document, it is considered an all-inclusive concept that includes clients from all health care sectors. Given that value-based healthcare is in its early stages in Canada, nominated teams or organizations may have limited experience to reference regarding their new initiatives based on the patient value created. As such, this recognition will evaluate: the organization/team’s approach to value-based healthcare; the patient-centered outcomes captured; cost to the fullest extent it can be captured for the patient journey in the initiative; and most importantly, the patient-reported outcomes including how their care and experience has improved under this model of care. The selected organization or team will receive an etched glass trophy, paid travel and accommodations for one representative to attend the College’s Honouring Health Leadership event and a complimentary registration to the National Health Leadership Conference. A $2,500 grant will be donated to the selected organization, or team, for an educational leadership event supporting the translation of value based healthcare leading practices within the organization. Eligibility Teams and organizations are eligible to apply. Teams that have collaborated on the initiative can exist within one single organization, or within a health system.