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A Health Outcomes Fund for Canada

30 Jan 2017

However, improvement efforts are hampered health initiatives that are designed to deliver significant by misaligned financial incentives, resistance to risk, the improvement in outcomes and can act as exemplars of the need for investment to support transitions to new models types of programs and innovations that our health system of care, incomplete evidence about how best to move urgently needs. [...] A Health Outcomes Fund will contribute to our understanding An outcomes fund fundamentally reorients the system, of which outcomes matter, how to measure them and which interventions most effectively deliver those outcomes in order putting focus on outcomes instead of inputs and outputs. [...] Focusing on outcomes and and able to bear the risks associated with innovation take working with a broad set of stakeholders are capabilities on a portion of the risk inherent in rolling out / scaling needed to transition to a new normal in healthcare. [...] Three important questions need to be addressed in order In October 2016, the Public Health Agency of Canada to design and implement an outcomes fund: launched the country’s first social impact bond in 5 1. Who is interested in and able to pay for outcomes? [...] If the funded program delivers improved outcomes for patients, investors can earn a return on their investment A Health Outcomes Fund for Canada How paying for outcomes could improve health and deliver better value for money 4 and policy-makers can collect the necessary evidence to amount of capital into the health system each year.
health innovation education healthcare politics economy investment evaluation business employment government policy investments pensions investors health care welfare impact investing health system medicare health treatment government health care investor bond (finance) social impact bonds
Pages
11
Published in
Toronto, ON, CA

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