The Hidden Cost of Cheap Medical Devices: Why Value-Based Procurement Improves Patient Safety and Healthcare Sustainability

This technical report discusses the hidden clinical, economic, and environmental costs associated with selecting medical devices based solely on acquisition price. It highlights the importance of Value-Based Procurement (VBP) as a strategic approach that integrates patient safety, clinical effectiveness, lifecycle cost, sustainability, and healthcare quality. The report summarizes current international guidance from the World Health Organization (WHO), the European Commission, ISO 20400, the International Hospital Federation, and OECD to support evidence-based procurement decisions in healthcare organizations.