Medbuy strongly believes that innovative products, services, and processes are crucial to the future of healthcare in Canada. Our Innovative Technology Program was developed in 2015 to provide vendors with a forum to introduce their latest advances in health care to our membership.
However, we know our Members have limited resources to fully assess new* technologies for clinical acceptability as well as understand financial and operational benefits. We can help our Members make decisions about technology that can improve quality of care and get the most out of their limited resources.
We encourage vendors to reach out to us at any time to present their innovative products and services that can positively affect patient health, the delivery of patient care, the safety of patients and healthcare providers and administrative efficiencies. This includes existing technologies with innovative practice change recommendations. To quote the Council of Canadian Academies definition of innovation, we are looking for opportunities to support our Members by exploring “new or better ways of doing valued things.”
Medbuy follows a detailed process to review and assess new technologies or practice changes in partnership with our Members for consideration for a new contract.
To be eligible for an Innovative Technology contract, a product must meet the following criteria:
- The product must be used in the clinical care of a patient
- The product must have Health Canada approval, if applicable
- The technology must be either new, or an improvement over existing technology within the same product category
- The product must demonstrate incremental benefit to patient care, or patient or health care worker safety compared to other products that are already available in the market
Medbuy’s RFP language does allow for new technologies to be introduced for products within categories already under contract that meet the above-noted criteria. However, to be fair to the contracted vendor, the incumbent will have six (6) months to provide an equivalent to the new* technology product. If they are not able to do so, then Medbuy may terminate the existing contract as it relates to the relevant product and either run a competitive bid process for the provision of the new product, or, if only one vendor is able to supply the new product, enter into a contract for the new product.
*new refers to a product that has become available in the marketplace since we last ran a competitive bid for that product category
To confidentially submit your product for consideration for a Medbuy contract, please click here to complete the submission form.