To ensure access to, and use of, medical technologies in European health systems and have an appropriate awarding and rewarding mechanism based upon the value offered, MedTech Europe and its members strive for the implementation of a value-based open access model. This approach should drive timely access to, and use of, innovations so that all EU citizens can benefit, while steering health systems on a sustainable path.
The value-based access model we aim for supports the shift towards value-based health systems with cost-efficient care delivery along the pathway of care. This implies investment in keeping people in good health, consideration of the broader societal value of health, and the value for health system actors including health care professionals and informal care givers. Within the framework of European regulations and directives, we focus on the following core elements to make a value-based access model a reality:
- value-based procurement
- value-based contracting
- value of diagnostic information
- value-based health technology assessment
- real-world evidence generation
- innovation funding schemes
- and novel value-based funding models
Our team engages with key stakeholders to co-create and deploy these new instruments and to build communities of practice to support transforming to a value-based system.
MedTech Europe envisions a model that rewards the value created by medtech.