Our strategy to contribute more to our health system
In July 2018, PHARMAC celebrated serving New Zealanders for a quarter of a century.
We’ve set some bold goals to work towards, to help us make an even bigger contribution to our health system and to the health of all New Zealanders.
These goals, set out in our Statement of Intent for 2017/18 to 2010/21 are, by 2025, to:
- eliminate inequities in access to medicines
- generate $1 billion of savings from medical device management, to reinvest in health outcomes for New Zealanders
- create systems that enable the best investment choices to be implemented across all PHARMAC activities.
Equitable access to medicines
We want everyone in New Zealand to have equitable access to funded medicines.
Currently, there are groups within our population, including Māori and Pacific people, who aren’t getting funded medicines at the same rate as others. This means not everyone is achieving the best health outcomes possible from funded medicines.
We don’t think this is acceptable, and it’s something we want to change. Because of this, we’ve set the bold goal of eliminating inequities in access to funded medicines by 2025.
This is not something we can do on our own, so we’re committed to working with our partners across the health sector to make it a reality.
$1 billion of savings from medical device management
PHARMAC’s role is expanding to include managing medical devices used or supplied by DHBs, in hospitals and the community.
This means we’ll eventually be responsible for deciding which devices are funded by the Government, similar to the way we currently decide what medicines are funded.
Our work in device management will potentially yield significant savings, as we encourage suppliers to compete on price, and will ensure more consistent access to devices right across the country.
Our goal is to achieve $1 billion in price reductions, releasing money which will be reinvested into healthcare for all New Zealanders.
Better systems, better service
The decisions we make are only as good as our ability to put them into practice. To achieve the best results, the right systems and services must be in place across the health sector.
We are working with others in the health system to find ways to work together to achieve better outcomes for New Zealanders. This may mean challenging current structures, accountabilities, funding streams, data management and the way we use the skills we have in the health workforce.
Meeting the needs of Māori and Pacific people
PHARMAC also has two other strategies that focus on ensuring equitable access to medicines for Māori and Pacific peoples.
Last updated: 24 February 2020