2024
DOI: 10.1108/ijopm-09-2023-0779
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Realising the promise of value-based purchasing: experimental evidence of medical device selection

Juri Matinheikki,
Katie Kenny,
Katri Kauppi
et al.

Abstract: Purpose Despite the unparalleled importance of value within healthcare, value-based models remain underutilised in the procurement of medical devices. Research is needed to understand what factors incentivise standard, low-priced device purchasing as opposed to value-adding devices with potentially higher overall health outcomes. Framed in agency theory, we examine the conditions under which different actors involved in purchasing decisions select premium-priced, value-adding medical devices over low-priced, s… Show more

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