Canada’s health care system needs to change from lowest-bidder procurement to optimizing value across the system

Mark Lowey
July 29, 2026

Canada’s health care system currently stifles domestic innovation by prioritizing lowest-bidder procurement over economic value to the entire system, experts told Research Money's 25th annual conference. They argue that shifting to a value-based model that rewards both clinical and economic outcomes is essential to fix this fragmented and risk-adverse system and retain homegrown medical technology startups.

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