We advocate that the goal of any health care system should be to increase the value it delivers to patients. This is the underlying thesis of Redefining Health Care: Creating Value-Based Competition on Results, the influential book by Michael Porter and Elizabeth Teisberg.
Since the book was published in 2006, Porter and many others-fellow academics, health care experts, practitioners and policymakers-have further explored how a health care system that strives to improve outcomes and lower costs aligns all the players in healthy and sustainable competition.
Stay competitive by adopting a more strategic approach, restructuring the delivery of care, and measuring costs and outcomes to increase patient value.
Maximize patient value, minimize paperwork, and compete for subscribers based on the ability to achieve positive health outcomes.
Keep costs down, improve employee health and wellness, and use employer clout to advocate for value-based health care reform.
Improve health insurance and access, set standards for coverage, and improve the structure of care delivery.
Compete based on the unique, measurable value of medical products, technology, or services.
Participate actively in managing personal health, seeking help and advice, and rewarding excellence in providers and health plans.
“The fundamental goal of economic policy is to enhance competitiveness, which is reflected in the productivity with which a nation or region utilizes its people, capital, and natural endowments to produce valuable goods and services.”