Value-Based Healthcare Starts With Improving Outcomes
The move towards value-based healthcare is gradually restructuring healthcare to better reward providers and healthcare delivery systems that can provide care in ways that improve clinical outcomes while lowering overall costs.
As an acknowledgement of this shift in healthcare, Medtronic is sponsoring the online Insight Center hosted by the New England Journal of Medicine and Harvard Business Review. This year’s Insight Center is “Measuring Costs and Outcomes in Healthcare”. Medtronic is proud to be participating as both a sponsor and as a keen stakeholder in this discussion.
At Medtronic, we define value-based healthcare as an effort to develop and deploy products, services and integrated solutions that improve patient outcomes per dollar spent in the healthcare system by improving the quality of care and/or reducing the associated expense. Most importantly, the value derived from the quality of care isn’t determined at a specific point in time that focuses on transactional value. Instead, value is measured holistically over a longer time horizon and in ways that are meaningful to the patient. Learn more about our point of view on costs and outcomes.
Join the conversation at the Insight Center and register for the upcoming webinars.
October 23, 2015
Measuring Outcomes: New Metrics for Health Care Transformation
Speakers: Christina Akerman, MD, PHD, President of International Consortium for Health Outcomes Measurement (ICHOM), and Senior Institute Associate at the Institute for Strategy and Competitiveness at Harvard Business School
Caleb Stowell, MD, Vice-President Research and Development, International Consortium for Health Outcomes Measurement (ICHOM), Senior Researcher, Harvard Business School
Abstract: Examination of the ability to identify and use the right measurements makes it possible to change our approach to treatment and costs, including risk sharing.
November 13, 2015
VALUE-BASED HEALTH CARE: Reconciling Mission and Margin
Speaker: Robert Kaplan, senior fellow and the Marvin Bower Professor of Leadership Development, Emeritus, Harvard Business School
Abstract: Webinar will be the nexus of research Kaplan is doing on Value-based Health Care for his Harvard Executive Education programme showing where investments can pay off more than cutting costs in health care.
Aligning Value POV
Governments, insurers, and hospital systems are struggling to address unmet healthcare needs without impeding economic growth or further increasing healthcare costs. Many of these issues can be addressed by aligning value among the stakeholders in the system.
MEDTRONIC-HBR EVENT SUMMARY
Medtronic and Harvard Business Review recently hosted a forum for healthcare leaders on the state of adoption in value-based healthcare. Michael Porter, Bishop William Lawrence University Professor at Harvard Business School, delivered the keynote address.