Implementing Value Based Healthcare in Europe: Handbook for Pioneers 

Health care should be driven by a constant focus on delivering outcomes that truly matter to patients. However, this drive towards value-based health care (VBHC) is hindered by a paucity of transparent and standardised outcomes data. Further, a lack of clarity regarding the definition of value has led to divergent approaches and slow progress in performance improvement. Some use the term ‘value’ to convey the humanistic tenets underpinning health systems[2], while others employ the term to refer to cost reduction and overall process efficiency[3]. Philosophical value and cost containment are both important, however, improving health outcomes is essential to value creation[4].