04703cam a2200541M 4500 9781003493556 FlBoTFG 20251030122254.0 m o d cr |n||||||||| 250105s2025 xx o 0|| 0 eng d OCoLC-P eng OCoLC-P 9781040298947 (electronic bk.) 104029894X (electronic bk.) 9781003493556 (electronic bk.) 1003493556 (electronic bk.) 9781040298961 (electronic bk. : EPUB) 1040298966 (electronic bk. : EPUB) 1032797290 9781032797298 10.4324/9781003493556 doi (OCoLC)1482186720 (OCoLC-P)1482186720 RA399.A1 BUS 070170 bisacsh BUS 071000 bisacsh BUS 101000 bisacsh MBP bicssc Tierney, Nathan William. https://id.oclc.org/worldcat/entity/E39PCjvrgKTR8VrQ933d7yxcHd 95192 VALUE MANAGEMENT IN HEALTHCARE [electronic resource] : how to establish a value management office to support value-based... outcomes in healthcare. 2nd edition. [S.l.] : PRODUCTIVITY PRESS, 2025. 1 online resource Our current healthcare system is broken. The Organisation for Economic Co-operation and Development (OECD) predicts healthcare costs could increase from 6% to 14% of GDP by 2060. The cause of this increase is due to (1) a global aging population, (2) growing affluence, (3) rise in chronic diseases, and (4) better-informed patients, all of which raises the demand for healthcare. In 2006, Michael Porter and Elizabeth Teisberg authored the book Redefining Health Care: Creating Value-Based Competition on Results. In it, they present their analysis of the root causes plaguing the healthcare industry and make the case for why providers, suppliers, consumers, and employers should move toward a patient-centric approach that optimizes value for patients. According to Porter, "value for patients should be the overarching principle for our broken system." Given the current state of global healthcare, there is urgency to achieve widespread adoption of this new approach. The updated second edition of this book discusses two major issues driving the importance of value-based care. The first is the emergence of artificial intelligence, which has the potential to significantly impact and enhance value-based healthcare in several ways such as delivering personalized medicine, predictive analytics for patient outcomes, and improving population health management. The second issue is why value-based care continues to struggle in scaling. While value-based healthcare has shown promise in improving patient outcomes and controlling costs, there have been challenges in implementation such as transitioning from the traditional fee-for-service model, data interoperability issues, and limited standardization of health outcomes. These challenges do not necessarily mean that value-based healthcare has failed. Instead, they highlight the complexities of the work involved and the need to follow a process as provided in this book. The intent of this book is to equip all healthcare delivery organizations with a guide for putting the value-based concept into practice. With updated material and case studies, this book defines the practice of value-based healthcare as value management. The book explores Mr. Porter's value equation (Value = Costs/Outcomes), which is central to value management, and provides a step-by-step process for how to calculate the components of this equation. On the outcomes side, the book presents the value realization framework, which translates organizational mission and strategy into a comprehensive set of performance measures and contextualizes the measures for healthcare delivery. OCLC-licensed vendor bibliographic record. Medical care Quality control. 62835 Outcome assessment (Medical care) 63104 Medical care Cost effectiveness. 95193 Health services administration. 61649 Patient satisfaction. 95194 BUSINESS & ECONOMICS / Leadership bisacsh BUSINESS & ECONOMICS / Project Management bisacsh 64485 Taylor & Francis https://www.taylorfrancis.com/books/9781003493556 OCLC metadata license agreement http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf E-Books 67995 67995