Value For All?

By Dr. David Edward Marcinko MBA
http://www.CertifiedMedicalPlanner.org
Defined by Professor Michael Porter at Harvard Business School, value is defined as a function of outcomes and costs. Therefore to achieve high value we must deliver the best possible outcomes in the most efficient way, outcomes which matter from the perspective of the individual receiving healthcare and not provider process measures or targets.
Sir Muir Gray expanded on the idea of technical value (outcomes/costs) to specifically describe ‘personal value’ and ‘allocative value’, encouraging us to focus also on shared decision making, individual preferences for care and ensuring that resources are allocated for maximum value.
***
***
Conclusion
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
Contact: MarcinkoAdvisors@msn.com
***
Filed under: Practice Management, Quality Initiatives | Tagged: healthcare quality, medical management, michael porter, Practice Management, Sir Muir Gray |
















Dr. Marty,
https://zdoggmd.com/incident-report-267/
Dr. Marcinko MBA
LikeLike