Value Management in Healthcare: How to Establish a Value Management Office to Support Value-Based Outcomes in Healthcare

Nathan Tierney's book 'Creating Value-Based Competition on Results' provides a playbook for redesigning the healthcare delivery system and achieving value-based care. It outlines core concepts and key metrics needed to build, maintain, and scale a successful value-based health care organization. The book emphasizes the importance of a patient-centric approach and advocates for the adoption of a value-based approach in the healthcare industry.

Format: Paperback / softback
Length: 337 pages
Publication date: 18 December 2020
Publisher: Taylor & Francis Ltd

Nathan Tierney's exceptional storytelling is a rare sight in today's healthcare business landscape. To revamp the system, we must adopt a collaborative approach, measuring outcomes to drive improvement and accurately quantify resource costs throughout the entire care cycle. Value-based healthcare serves as a framework for achieving these objectives, and Tierney offers a comprehensive playbook to guide organizations toward success. Presented with incredible detail and clarity, he delves into the essential concepts and highlights the key metrics required to build, sustain, and scale a thriving value-based healthcare organization. Nathan shares a realistic vision of what CEOs should anticipate when establishing their own Value Management Office. For me, nothing is more crucial than enhancing the well-being of those I cherish. My personal mission is to drive systemic change with a global impact. This playbook must be on the desks of executives, clinicians, and patients alike.

The current healthcare systems are flawed. According to the Organization for Economic Co-Operation and Development (OECD), healthcare costs are projected to rise from 6% to 14% of GDP by 2060. This increase is attributed to several factors, including a global aging population, rising affluence, an increase in chronic diseases, and more informed patients, all of which drive demand for healthcare.

In 2006, Michael Porter and Elizabeth Teisberg published the book 'Redefining Health Care: Creating Value-Based Competition on Results.' In this book, they analyze the root causes plaguing the healthcare industry and advocate for a shift towards a patient-centered approach. They argue that providers, suppliers, consumers, and employers should work together to create value and improve outcomes.

Nathan Tierney's storytelling and insights are invaluable in today's healthcare landscape. By adopting a value-based approach and utilizing his playbook, organizations can strive to improve patient care, reduce costs, and enhance overall healthcare outcomes. The time is now to take action and create a better future for healthcare.

Weight: 564g
Dimension: 154 x 236 x 27 (mm)
ISBN-13: 9780367735661