Value Based Healthcare. A Strategy for the Cost and Clinically Effective Healthcare System Operation

Purpose: The submitted article focuses on how to solve the problems faced by the European healthcare systems. Design/Methodology: The article consists of two sections. The first one is theoretical and presents interdisciplinary achievements of researchers. The second section includes examples of solutions applied in Sweden, Germany and Great Britain. In the theoretical part, books and articles on the methodology of VBHC creation were reviewed. The empirical part is based on reports on the introduction of VBHC. Findings: The desire to improve cost and clinical effectiveness indicates the need for a value-based healthcare (VBHC). Thus, the concept of VBHC should contribute, according to experts, economists as well as finance and management specialists, to the economic efficiency and clinical effectiveness. Research limitations/implications: Unfortunately, this is a lengthy process to be preceded by many activities. Healthcare registers and databases belong to the most important ones. Thanks to them, it is possible to create the key performance indicators (KPI) allowing for a rational health policy. Original value: To the achievements contained in the publications, the submitted article adds the need to take into account appropriately selected KPIs analyzing the macroeconomic environment for the functioning of hospitals.