Traditional models of procurement focus on buying high volumes of low-cost drugs, have become outdated as health systems look to create new Value-Based
Procurement (VBP) or Value-Based Arrangement (VBA) models. Outdated models such as volume-based agreements, or ‘aggregated purchasing’ are being replaced by new, innovative solutions that seek to bring further benefits to all. There are several approaches to VBP in healthcare, including outcomes-based, risk sharing, and commercial arrangements.