Agency for Care Effectiveness (ACE)
Parent Ministry: Ministry of Health (MOH)
Not To Be Confused With:
Agency for Integrated Care (AIC)
Assurance, Care & Engagement (ACE) group, Ministry of Manpower
Health Sciences Authority (HSA)
What They Do:
Globally, the costs of new health technologies such as drugs, devices, tests and other treatments, continue to rise rapidly. The clinical outcomes these deliver are often not commensurate with the price points set by industry. Using standardised health technology assessment methodology, ACE establishes the value of such treatments by evaluating predicted outcomes and costs compared to existing standards of care. This calculated value is then used to negotiate fair prices - the concept of value based pricing (VBP).
Aside from VBP, ACE also promotes Value Based Healthcare (VBH) to clinicians and patient groups. Clinical guidances are produced for doctors, primarily General Practitioners, to highlight treatments that represent good value, ie high quality outcomes at affordable cost points. The agency also produces educational resources for patients and their caregivers to help them make better informed choices in healthcare, both in terms of quality as well as cost.