Collaborating to deliver value in health care: exploring conditions required for successful healthcare and life science sector collaboration

Rees, Dylan; Bates, Victoria; Thomas, R. L.; Brooks, Simon; Laing, Hamish; Davies, Gareth; Williams, Michael; Phillips, L.; Dwivedi, Yogesh K.

doi:10.1108/tg-05-2020-0074

Cited by 7 publications

(14 citation statements)

References 39 publications

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“…Although the understanding of VBHC as an emerging healthcare concept is increasing, it remains relatively under-studied (Rees et al, 2021). The literature on the opportunities and barriers to the implementation of the VBHC agenda indicates that enriching this discipline will contribute to the feed forward control and preparation for the countries targeting the adoption and implementation of this paradigm.…”

Section: Literature Reviewmentioning

confidence: 99%

Opportunities and Challenges to the Implementation of Value-Based Healthcare (VBHC) in SMES: The Case of the State of Qatar

Abdelfadil,

Thomas,

Rees

et al. 2023

Studies in Business and Economics

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The purpose of this paper is to identify the opportunities and barriers to the implementation of VBHC in SMEs in Qatar. A semi-structured survey was developed to investigate the perspectives of healthcare providers, from SMEs of public and private sectors, on the opportunities and barriers to the adoption of VBHC in Qatar. The respondents include government officials, CEOs, middle managers, first-line managers, and physicians. Twenty-four out of forty respondents responded. The collected data was aggregated and analyzed. Interestingly, the aggregated information is similar in content to some other countries. Examples of main opportunities include ease of implementation, focus being on outcomes that matter to patients and fosterage of integration and collaboration between public and private sectors. The key barriers/challenges include need for standardized communications and technological infrastructure, and conflicting interests of public and private sectors. The concept of VBHC was first introduced in the United States of America (USA) in 2006 to drive the move from fee-for-service (FFS) approach to fee-for-value (FFV) model. Nonetheless, the debate on the effectiveness of this transformation continues. Although the current emphasis on VBHC may offer new opportunities, barriers are also anticipated. Furthermore, the published evidence on this phenomenon is still limited.

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Section: Literature Reviewmentioning

confidence: 99%

Opportunities and Challenges to the Implementation of Value-Based Healthcare (VBHC) in SMES: The Case of the State of Qatar

Abdelfadil,

Thomas,

Rees

et al. 2023

Studies in Business and Economics

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“…There are few research articles examining VBP implementation in different countries. For example, Rees et al [10] reviewed value-based healthcare in UK but specific challenges and barriers for VBP were not studied. Thus, it cannot be used for making an adoption decision.…”

Section: Literature Reviewmentioning

confidence: 99%

Adoption of value-based pricing for prescription drugs

Bhattacharjee¹,

Chaudhary²,

Ranganathan³

2022

ijhs

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Value‐based pricing (VBP) is increasingly recognized by academics and practitioners as the most effective approach to price prescription drugs and improve patient access to medicines. However, despite the apparent support, there has been high rate of failure and continued low adoption of value-based agreements between payers and drug manufacturers. This paper aims to explore the potential factors influencing various stakeholders’ intentions to use VBP. For this purpose, the original version of the Roger's Innovation Diffusion Theory, which included relative advantage, compatibility, complexity, trialability and observability is studied and extended with Health Information Technology (HIT) and value measurement factors. The study presents a detailed review of existing literature in the area of healthcare pricing and introduces a conceptual framework that can be used for understanding organizational readiness for rapid adoption of VBP for prescription drugs. Finally, based on the constructs presented in the literature, we propose future research questions that need to be addressed to inform how the healthcare sector should approach the VBP adoption.

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“…Progressive liberalization of international trade, including the service sector (cf. Alkraiji 2020), results in the so-called servitization of the economy and the building of a service economy (Spring and Araujo 2017;Buera and Kaboski 2012;Green and Ng 2017;Lafuente et al 2017;Rees et al 2020;Saeedi and Visvizi 2021). Services, in other words, represent an increasingly salient part of international trade, and therefore also of local, national, and regional economic systems.…”

Section: The Role Of Services In the Global Economymentioning

confidence: 99%

The VWRCA Index: Measuring a Country’s Comparative Advantage and Specialization in Services. The Case of Poland

Wosiek

Visvizi

2021

Economies

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In the extant body of literature on the servitization of the economy, on the one hand, and determinants of growth and development, on the other, the classic question of revealed comparative advantage (RCA) plays a prominent role. Regardless of the popularity, relevance, and validity of the use of the RCA as a part of multivariate queries on the above topics, this paper argues that the RCA alone offers a rather static insight into a country’s economic performance. Most importantly, the classic take on the RCA does not allow us to query a country’s comparative advantage and degree of specialization in the services sector. By inserting itself in the broader discussion on ways of bypassing the limitations inherent in the classic RCA index, this paper proposes a novel take on the RCA index, i.e., the Visvizi–Wosiek RCA (VWRCA) index, and, subsequently, applies it to the study of the evolution of the services sector in Poland over the period 2010–2019. The added value of the VWRCA index is threefold. (i) By recognizing the increasing role of services in the global economy, it serves as a useful tool in queries aimed at examining the structure of a given economy, the degree of specialization in the production of certain services, and the real revealed comparative advantage a country has in the production of a certain group/category of services. (ii) By focusing solely on services, the VWRCA index allows us to examine the volume and velocity of trade in services independently from the volume of trade in goods. (iii) Due to the resulting methodological accuracy, it enables the inclusion of a temporal dimension in the analysis, which in turn gives cues as to specific developments and the actual performance of a given economy regarding the evolution of the services sector.

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Collaborating to deliver value in health care: exploring conditions required for successful healthcare and life science sector collaboration

Cited by 7 publications

References 39 publications

Opportunities and Challenges to the Implementation of Value-Based Healthcare (VBHC) in SMES: The Case of the State of Qatar

Opportunities and Challenges to the Implementation of Value-Based Healthcare (VBHC) in SMES: The Case of the State of Qatar

Adoption of value-based pricing for prescription drugs

The VWRCA Index: Measuring a Country’s Comparative Advantage and Specialization in Services. The Case of Poland

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