System partners developing evidence-based business cases to accelerate adoption of high potential, home-grown health innovations.
The Coordinated Accessible National (CAN) Health Network is partnering with the Edmonton-based Institute of Health Economics (IHE) to ensure the Network’s companies can access the evidence they need to prove the value of their innovations, while giving health systems, the data and analysis to make informed purchasing decisions.
CAN Health and IHE have agreed to establish a mutual referral system for Canadian health tech companies to support the economic evaluation of promising solutions, while connecting companies to the Network for the consideration of evidence-informed adoption by Edges. IHE has developed a unique service offering to support health care companies with economic modelling and evidence development. This can be leveraged to define the health system investment case for innovative solutions through the use of clinical data, literature, and input from key experts.
“At the IHE, we are focused on increasing value for money in the development and adoption of innovative solutions, and generating evidence that meet the needs of health system decision-makers,” said Dr. Chris McCabe, CEO of the IHE. “Working with CAN Health Network, we hope to provide evidence that ensures technology adoption decisions are evidence-based, and reflect the best use of limited health system resources when introducing new promising solutions of value to patients.”
“The addition of IHE’s expertise to CAN Health will be an invaluable asset to our projects throughout their lifecycle. As we work to drive procurement across Canada for homegrown innovations that solve pressing health care issues, the IHE’s economic modelling service is an excellent complement to the offerings the Network can provide to support our companies. This gives them key data to prove the effectiveness of their solutions, while providing our Edges with the evidence they need to purchase with confidence,” says Dr. Dante Morra, Chair and Lead, CAN Health Network.
The CAN Health Network is a federally-funded integrated market which reduces barriers to procurement so health tech companies can quickly and easily bring their innovations to the health care sector. IHE’s economic modeling can serve as a key resource for decision-making within the Network’s Edges. In creating a quantified business case, and even further, an Evidence Development Plan, which uses real-world or trial data, companies can generate greater interest and reduce barriers for access to health systems wishing to make evidence-based purchases to solve the challenges they are facing.
ABOUT THE INSTITUTE OF HEALTH ECONOMICS
The Institute of Health Economics is an independent, not-for-profit organization with key competencies in health economics, health technology assessment, and knowledge transfer/exchange. Its mission is to consistently provide relevant, timely and impactful evidence that supports informed health system policy and investment decisions by public and private partners.
IHE has broad linkages within academic, private, and public sectors on provincial, national, and international levels. This allows broad access to expertise, which amplifies the contribution of the organization via network retrieval and dissemination of evidence and information.
Follow us on Twitter @IHE_Canada and LinkedIn @Institute of Health Economics.
ABOUT THE CAN HEALTH NETWORK
The CAN Health Network is a Canada-first approach to technology adoption. It helps break down barriers to scaling in the health care system and provides an environment for companies to scale to their full potential. Currently operating in Ontario, Western and Atlantic Canada, the CAN Health Network plans to expand into Quebec and the North. The Network has received $3.5 million in 2019 and $3.25 million in 2021 from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), $3.5 million from PrairiesCan and PacifiCan, and most recently, $2.2 million from the Atlantic Canada Opportunities Agency to build a national platform that harnesses the purchasing power of health care organizations. To learn more about the CAN Health Network, visit canhealthnetwork.ca.
For more information:
Senior Director, Policy, Institute of Health Economics
Alexis Fung Fook
Manager, Communications & Marketing, CAN Health Network