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Value-Based Health Care
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Key Stakeholders
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Key Stakeholders
×Key Stakeholders

Key Stakeholders

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.

Providers

Stay competitive by adopting a strategic approach, restructuring the delivery of care, and measuring costs and outcomes to increase patient value.

Patients

Participate actively in managing personal health, and, when faced with care and treatment options, seek assistance in understanding the expected outcomes.

Health Plans

Maximize value for patients, minimize paperwork, and compete for subscribers based on the ability to achieve positive health outcomes.

Employers

Focus on ways to improve employee health and wellness and contract with centers of excellence for complex care when appropriate.

Suppliers

Compete based on the unique, measurable value of medical devices, pharmaceuticals, services, and supplies.

Policymakers

Improve health care access, eliminate regulatory barriers to VBHC, solve interoperability, and accelerate value-based payment programs.

  • “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.”
    — Michael Porter Clusters and Economic Policy White Paper, October 2009