Realistic Medicine and Value Based Health and Care focus on improving the quality of decisions made in health and care. They promote person‑centred care, Shared Decision Making and meaningful conversations that help people make informed choices about their treatment and care.
For finance professionals, VBH&C provides a clear framework for understanding value:
Personal Value — care that reflects what matters most to individuals
Allocative Value — using resources wisely and fairly across the system
Technical Value — delivering effective interventions based on evidence
Societal Value — considering the wider impact of care on communities and future generations
Together, these principles support better outcomes, reduce harm and waste, and ensure resources are used effectively to deliver care that matters.
The Realistic Medicine website provides access to resources, guidance and practical tools. Find out more at: Realistic Medicine – Shared decision making, reducing harm, waste and tackling unwarranted variation.
The Finance and Value Based Health and Care toolkit is designed for finance professionals to support them with incorporating VBH&C into their practice. It is comprised of several resources, including scenarios and job aids, to guide finance professionals through the principles of Value Based Health and Care and Realistic Medicine and to support them to foster VBH&C through their interactions with non-finance colleagues: Finance and Value Based Health and Care toolkit | Turas | Learn.