Measuring the contribution of innovative financial models in hospitals

Date

05 Jul 2016

Sections

Health & Consumers
Innovation & Enterprise

Press release

BRUSSELS  –  5  July  2016  –COCIR*  has  released  its  new  report  “Managed  Services  –Innovative  Business  and  Financial  Models.  Key Performance Indicators targeting EU healthcare sustainability goals”.  This  sets  out  a  series  of  Key  Performance  Indicators (KPIs)  offering  the  potential  to  measure  the  performance  and  impact  of  Managed Services[1].

With  an  ageing  population  placing  increased  demand  on  healthcare  services,  the positive  contribution  of  financial  and  business  innovative  models,  such  as  Managed Services,  are  of  vital  importance.  Managed  Services  empower  health  institutions  in implementing  the  changes  and  therefore  also  in  enabling  patients  the  access  to innovative  medical  devices.  “This report demonstrates that we need to think more broadly about how we finance healthcare and how we perceive innovation.” said Nicole Denjoy, COCIR Secretary General.

Equally  importantly,  the  KPIs  identified  in  the  report  can  provide  invaluable  data insights into the effectiveness - and cost-effectiveness - of interventions. They offer the potential  to  measure  and  assess  how  Managed  Services  contribute  to  improving  the overall efficiency of European healthcare delivery.

The COCIR report provides a set of recommendations for EU, national and regional key actors to encourage them to use Managed Services. They can also use the concrete KPIs to measure their effectiveness, as well as helping provide and maintain high quality, sustainable health services across EU countries.

The report also emphasises both the value and the political imperative of incentivising adoption and diffusion of innovative, disruptive business/financial models.  It clearly sets out the potential benefits that these disruptive financial constructions such as Managed Services, can bring.

Healthcare industry is increasingly using alternative financial models, sharing the risks between private and public sectors.  This allows hospitals to benefit from the latest innovations in healthcare as they become available in a more cost-effective manner.

Nicole  Denjoy  added;  “Following  publication  of  this  report,  a  series  of  workshops  at European  and  national  levels  will  follow.  These aim at building awareness of the potential gains from these new financial models - Managed Services in particular - and how to benefit from funding mechanisms to promote innovations and use financial tools that will ultimately benefit the end user.  This will help improve performance of health systems and policies at national and regional levels across the EU countries.”

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*COCIR is the European Trade Association representing the medical imaging, health ICT and electromedical industries.  Founded  in  1959,  COCIR  is  a  non-profit  association headquartered  in  Brussels  (Belgium)  with  a  China  Desk  based  in  Beijing  since  2007. COCIR  is  unique  as  it  brings  together  the  healthcare,  IT  and  telecommunications industries.

For more information, contact:

Nicole Denjoy
COCIR Secretary General
Tel: +32 (0)2 706 8961
denjoy@cocir.org

Colin Mackay
COCIR Communications Senior Advisor
Tel: +32 (0) 473 43 07 52
press@cocir.org     

 


[1] Managed Services are partnerships between healthcare facilities and technology providers. They guarantee sustainable access to the latest healthcare technology and equipment.  This partnership model also brings additional value, offering analytical insights and procedural evaluations that can increase efficiencies  and  improve clinical outcomes.