Launching Value Based Procurement – Why is now the right time?

At Baxter, we pride ourselves on being at the forefront of efforts to embed Value Based Procurement (VBP) approaches into health services across the UK. VBP has the potential to support restoration, recovery and innovation within a hospital system and help to deliver better patient outcomes, stronger partnerships with suppliers and tangible savings. These long-term partnerships go beyond the traditional procurement of product, looking more at improving clinical outcomes and reducing waste along the continuum of care.

Many people have an interest in VBP but are not sure where to start. In April 2021, Baxter produced a paper,(available here) to share our learning and experiences in embedding VBP, including challenging some of the perceptions faced along the way. We are also committed to collaborating with procurement professionals and thought leaders to consider how VBP can and should evolve and how it can potentially be used within NHS Trusts, particularly as the NHS recovers from the COVID-19 pandemic. Findings from a 2021 roundtable on the topic can be found here.

Who we are?

Building on our experience and successful track record at Baxter, we have formed a Value Solutions Team. This team has a wide range of backgrounds and previous experience in transformation and improvement.  We have already established value-based partnerships with several NHS Trusts and are successfully delivering better financial and patient outcomes in different areas of care.

So, how does Value Based Procurement work?

Many Trusts are simply not sure where to start when it comes to Value Based Procurement and forming value-based partnerships. With this in mind, we have created two short animations to help demonstrate what is possible with VBP, address common questions and explain the introductory steps in adopting VBP.

Animation 1: Why is now the right time

This animation was created to explain the introductory steps in adopting VBP.

Animation 2: Value Based Partnerships, Needed Now More Than Ever

This animation was created to show how a value-based partnership works and an introduction to Our Value Solutions Team at Baxter.

 

If you wish to contact the Baxter Value Solutions Team, please see details below.

Address: Value Solutions Team, Baxter Healthcare, Wallingford Road, Compton, Newbury, Berkshire, RG207QW
Tel: 01635 206000 (office hours) Email: [email protected]