Measured Outcomes: A Future View of Value-Based Healthcare
“If today you have improved outcomes without escalating cost, you have succeeded.
If today, you have delivered equally good outcomes more efficiently, you have succeeded.
If today, you didn’t do one of those two things, you have failed.”
– Michael Porter, Co-author of Redefining Health Care and Harvard strategy professor
The Transformational Approach of Value-Based Delivery Models
Practitioners who entered medicine expecting to spend their days working to eliminate human suffering instead find themselves spending a disproportionate amount of time working through the bureaucratic issues of care delivery. Costs continue to increase, quality remains unstable, and health systems desperately seek solutions to overhaul healthcare. A value-based care delivery model, already successfully used by several healthcare organizations, promises to be part of the solution. It’s a transformational approach, requiring difficult short-term decisions in favor of long-term sustainability. And central to this approach is the measurement of patient-reported outcomes, in addition to the traditional process and clinical metrics. The value-based model incorporates what matters most to patients.