Value Based Healthcare Experts

Helping healthcare providers and suppliers achieve excellence to unlock value
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Welcome To Luach Consulting Group

At the Luach Consulting Group, we adopt a straightforward approach to advising and supporting health systems and industry providers (medtech and pharma) in implementing Value-Based Healthcare (VBHC). Our mission is to enhance patient outcomes, increase efficiency, and reduce costs—key components in the global transformation of health systems. "Luach" (pronounced loo-och), the Irish word for value, reflects our founders' heritage and our commitment to excellence in healthcare.


Our team comprises internationally recognised experts specialising in Value-Based Procurement and Value-Based Healthcare. We offer a unique combination of skills in healthcare procurement, strategy, commercial data analysis, and legal expertise. This enables the Luach Consulting Group to drive real-world change and ensure lasting improvements. We remain dedicated to embedding these changes and maximizing your organization's potential through our comprehensive range of services:


  • Strategic Advising: Tailored advice for Health organisations, Medtech and Pharma to align your goals with VBHC/VBP principles.


  • Procurement Optimisation: Enhancing procurement and selling processes to deliver value and efficiency.


  • Data Analytics: Leveraging data to drive informed decision-making and improve outcomes.


  • Legal Support: Creation of win/win value based agreements and provision of strategic legal guidance for VBHC/VBP implementation.


  • Change Management: Proven models to support your organization in adopting and sustaining VBHC/VBP practices.


Discover how the Luach Consulting Group can help your organization thrive in a value-driven healthcare landscape.

Services


Strategy

Development

Design and creation of Value Based Strategy playbooks for Healthcare, Pharma and Medical Device Suppliers

Programme
Delivery

Support from design to delivery of strategic objectives

Contracting

for Value

Creation of win/win Value Based agreements supported by state of the art software solutions

Learning and Development

Value Based Healthcare and Procurement programmes for Healthcare, Pharma and the Medical Device industry

News


By Brian Mangan October 13, 2024
One of the most popular games of chance in the world is the lottery, we have the Euro Millions, Mega Millions in the US and a whole range of national lotteries and Lottos…there are vast numbers of people who play this in the hope that they will win the big prize and it will change their life forever. Healthcare can also be a lottery, but instead of needing to pick the right six numbers in sequence, you need to have the right letters and numbers in your postal code to become a winner in the game of healthcare provision. As the CEO of Luach Consulting Group and Board Member for the European Association of Value Based Healthcare (EAVBHC), I have view that quality and affordable healthcare shouldn’t be a game of chance, but that it’s the right of all citizens. The belief is that the adoption of value based healthcare is key to addressing these inequalities and was a question posed to a group of multidisciplinary stakeholders from around the world at the EAVBHC session I led at the ICHOM Conference in Barcelona in 2023. In this short article consideration is given to how to increase the chances of winning on the VBHC lottery, by focusing on the ‘what’, the ‘how’ and the ‘when’ to implement a value based approach to healthcare. The What Value is a homonym. A word that can and does mean different things to different people. In the context of value based healthcare there is an agreed definition that value means improved patient outcomes at lower cost. However there remain a number of challenges with this i.e. How do we define and outcome, what tangible benefits are being delivered? Who is responsible for defining the outcome – the healthcare professional or the patient? How to we know the outcome has been achieved, what measures do we need to use? Opinions from the assembled delegates at the EAVBHC session, particularly clinical colleagues, was focused very much on the fact that the patient should be at the centre of determining what an outcome should look like. However, within the group and the wider ICHOM conference the view was generally that this was easier said than done. Patients are people and we are all diverse in our views as to what we want, and therefore health systems need to create mechanisms that can accurately reflect the overall consensus of what is desired and required. That said we are living in world of limited financial resources, whether we like it or not delivering value based healthcare at scale requires that the stated outcomes are affordable. This balance between clinical and commercial is traditionally fraught with tensions, largely down to traditional behaviours and tug of war between front line care staff (resources) and hospital administrators (finance). In determining the “what”, patient groups, healthcare registries, ICHOM and the use of organisations such as the EAVBHC could all be a rich source of information for systems looking to specify the desired outcomes as a starting point for a value based approach. The How Despite the fact that VBHC has been around for many years, there is still much debate as to how it can be introduced, to increase the chances of success, I’ve recommended these three steps to help you: 1. Establish a coalition to support the change - The drivers for system change towards value are predominantly through the efforts of clinical leaders, with one colleague from Brazil in the group clearly passionate about the need for a value approach, yet frustrated at the speed and process of adoption. in South Africa they are fortunate to have system leaders, such as the COO at Healthforce, who are enlightened and can set the strategy to facilitate a more value based approach. A third level of creating momentum is through the leadership of Healthcare Commercial, (both finance and procurement), with examples being shared by both Canada and the UK. The authors experience and assertion is that for a value based strategy to have any chance of being implemented, there needs to be a blended approach and commitment from both clinical, senior leadership and commercial stakeholders to commit resources and energy to delivering the programmes. If you can garner support from political leaders, then this will allow you to move at pace and scale. 2. Create system learning - by a developing and delivering a comprehensive education package available for both internal stakeholders (Clinical. Operations, Finance and Commercial) groups and external (Industry partners) focusing on the principles, practices and system interconnections relating to value based practices. 3. Be incremental - In the same way you wouldn’t go out and run a marathon after being on the couch for a lifetime, its about taking small steps. In this case by creating pilot studies that can be used to help test how best value can be adopted in your health system, allowing you to highlight any challenges in a controlled environment and create solutions to address them. The When I’m sure we’ve all experienced the challenge of the “should” when it comes to going on a diet, exercising or going back to study, the hardest part is actually starting. We plan, we strategize and put things off until finally something happens that forces us to take action. Health systems need to recognise the burning platform for change that exists in terms of increasing demand set against a backdrop of limited financial resources; and that by failing to address health inequalities now we will only make the situation worse. Like many of the delegates and health systems attending the session and the ICHOM conference, it is clear to me that the time to take action is now. Brian Mangan FCIPS CEO Luach Consulting Group www.luachcg.com Board member European Association of Value Based Healthcare EUROPEAN ASSOCIATION OF VALUE-BASED HEALTH CARE -Your health, your choice- (eavbhc.org)
By Brian Mangan September 29, 2023
Limited financial resources and an ever-greater demand on healthcare services make intelligent procurement more important than ever. Are you involved in the often-complex process of buying products and services on a business-to-business basis? Could you do it better? Probably. In this post we’ll answer the question what is value based procurement and explore the ins and outs of the process from an expert perspective. By the end of it you’ll understand the ins and outs of value based procurement in med tech and pharma. Is procurement the same thing as purchasing? Procurement is slightly different from purchasing. Procurement is a strategic approach that involves finding reliable suppliers and sourcing the right products and services. Purchasing covers the transactions and costs involved in actually buying them. There are different kinds of procurement, too. Ordinary procurement is one thing, Value Based Procurement is another. What is value based procurement? Value based procurement is a holistic approach that seeks to maximise the potential of the function by making procurement smarter, focusing on opportunities across a whole patient pathway, not just trying to save few pounds on a product. The aim is to reduce the pressure on health budgets, deliver better value, and encourage ongoing innovation. At the end of the day smart procurement helps create a more efficient procurement environment, and there are several ways to make it happen: The aim is to achieve the most economically sensible results without compromising on quality, then sharing experiences to achieve continual improvement. It’s more likely when multidisciplinary healthcare teams take outcome and value into account as well as costs Policymakers agree what value means in terms of the patient journey, encouraging collaboration between providers and suppliers, helping suppliers become active partners in improving human health, and using value to make better budget decisions Healthcare professionals work closely with procurement experts to create the best clinical outcomes, optimising care The sector as a whole supports MEAT VBP - the Most Economically Advantageous Tender Value-Based Procurement - by promoting their technologies, services and patient solutions to society as well as hospitals, authorities, and healthcare systems The benefits are clear. VBP is popular with Healthcare Systems because it can deliver tangible, measurable benefits with a positive impact on patient care, as well as boosting efficiency and making budgets go further. When done right Value Based Procurement in med tech and pharma will result in improved efficiency, released bed capacity, reduced costs, enhanced patient experience and support Health Systems with their environmental goals. And all this means an overall improvement in the positive growth and development of rugged, effective, and compassionate healthcare systems. Come to us for professional Value Based Procurement training and consultancy Put Brian Mangan Associates to of your list for healthcare Value Based Procurement training and consultancy excellence. Our expertise is born of wide academic and operational experience and deep industry insights. Years of unparalleled experience and plenty of real-world evidence makes us your number one choice for global health systems, pharma, and med tech. We’ll help you build a credible, highly effective bridge between your health system and suppliers.
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