Medical Technology CEO Touts Value of a Value-Based Healthcare Model

A healthy audience filled the Provencher Room in the Fort Garry on Monday (July 23) for a rare summer luncheon hosted by the Manitoba Chambers of Commerce (MCC).

The topic was focused on healthcare, more specifically, the value of moving to more results-oriented healthcare model and was delivered by the CEO of one of the world’s largest medical technology companies. Medtronic’s Omar Ishrak (pictured above) talked in great detail about the benefits of value-based health, a model where providers, including hospitals and physicians, are paid based on patient health outcomes. Ishrak explained under a value-based care model; providers are rewarded for helping patients improve their health, reduce the effects and incidence of chronic disease, and live healthier lives in an evidence-based way.

Medtronic CEO Omar Ishrak talks about his goals for value-based healthcare.

The Fort Garry Hotel audience listens to benefits to outcome based healthcare.

Dr. Brian Postl, Dean, Max Rady College of Medicine, welcomes Mr. Ishrak during MCC luncheon.

Ishrak tells MCC’s Chuck Davidson Manitoba and Canada has many positive factors to make the move to value-based healthcare.

Ishrak told the audience that Canada has unique advantages in implementing value-based healthcare, including a small population size and a single payer system in each province. Following his presentation, he told MCC’s Chuck Davidson that the first steps to moving towards this outcome driven model is committing to process and getting the buy-in from decision makers to move it forward.

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