The value equation: realising value based-health care's disruptive potential.

Abstract

Online short summary What is known about the topic? Value-based health care (VBHC) is now enmeshed within Australian healthcare conversations as well as implementation strategies. What does this paper add? This paper explores the barriers and opportunities for VBHC and compares the differing paradigms of VBHC and health economics. What are the implications for practitioners? o harmonise the two, and realise VBHCs potential, we must bridge existing misalignments, experiment with hybrid models that integrate VBHC's focus on outcomes with health economic principles to ensure care is not just high value at the bedside, but also fair and efficient at the population level.