Harvard Business Review

Value-Based Health Care: Reconciling Mission and Margin

Featuring Robert S. Kaplan, moderated by Steven Prokesch

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ARTICLE SUMMARY

The equation for health care value is simple: outcomes divided by costs. Calculating the equation, however, is not so simple.

Accurately measuring outcomes and costs means looking at the full cycle of patient care. Doing so allows providers to deliver better value — and value is the central goal of a health care system. Accurate calculation is key to the necessary transformation of health care to a more value-based system. Learn how to better gauge outcomes and costs.