Value Based Healthcare

Value-Based Healthcare aims at maximizing the value of care for the patient and reducing healthcare costs.

Porter describes the transformation of care to Value-Based Healthcare on the basis of six elements that are related to each other:

  1. Organize care around clearly defined patient groups
  2. Measure outcomes and costs for each patient
  3. Chain financing
  4. Chain care (organized across the divisions)
  5. Geographic expansion of best practices
  6. Supporting technology

Link : https://hbr.org/2013/10/the-strategy-that-will-fix-health-care