Value Based Procurement (VBP) framework can be used to comprehensively assess patient outcomes, stakeholder benefits, access to care, long-term relevance, and lifecycle costs. Both public or private providers should be able to customize the framework parameters and elements according to their needs.
A comprehensive approach is best advised going forward, with engagement of all key stakeholders. This would include the Government, MedTech companies, healthcare providers and the payors. Collaboration among these stakeholders is the key to successful implementation of VBP in India.
