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Redefining Health Care: Creating Value-Based Competition on Results

Redefining Health Care: Creating Value-Based Competition on Results
By Michael E. Porter, Elizabeth Olmsted Teisberg

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Product Description

The U.S. health care system is in crisis. At stake are the quality of care for millions of Americans and the financial well-being of individuals and employers squeezed by skyrocketing premiums-not to mention the stability of state and federal government budgets.

In Redefining Health Care, internationally renowned strategy expert Michael Porter and innovation expert Elizabeth Teisberg reveal the underlying-and largely overlooked-causes of the problem, and provide a powerful prescription for change.

The authors argue that participants in the health care system have competed to shift costs, accumulate bargaining power, and restrict services, rather than create value for patients. This zero-sum competition takes place at the wrong level-among health plans, networks, and hospitals-rather than where it matters most, in the diagnosis, treatment, and prevention of specific health conditions. Redefining Health Care lays out a breakthrough framework for redefining health care competition based on patient value. With specific recommendations for hospitals, doctors, health plans, employers, and policy makers, this book shows how to move to a positive-sum competition that will unleash stunning improvements in quality and efficiency.


Product Details

  • Amazon Sales Rank: #9269 in Books
  • Published on: 2006-05-25
  • Original language: English
  • Number of items: 1
  • Binding: Hardcover
  • 506 pages

Features


Editorial Reviews

Review
"...a profound and powerful critique of America’s health-care system. It deserves to be read widely. And probably will be." -- Economist.com

About the Author

Michael E. Porter is the Bishop William Lawrence University Professor at Harvard Business School and the author of sixteen books and numerous articles on competition and strategy. Elizabeth Olmsted Teisberg is an associate professor at the University of Virginia's Darden Graduate School of Business and author of over fifty articles and cases on strategy and innovation.


Customer Reviews

Too redundant and pedantic3
Health care reform is a critical issue. The authors are well-known, highly educated, and know their subject well. Unfortunately, they wrote a book whose redundancies, especially in the opening chapters, drives the reader to boredom. Likewise, the reader feels at times as though the good professors were trying to fulfil a mandatory page count, and therefore, inserted much irrelavant data. Frankly, I set the book aside, planning on finishing it after more readable books have been read.

the next 20 years, explained5
Michael Porter, of value chain and competitive advantage fame, has taken on the US health care system. Your reviewer, who is speaking from inside the system, can guarantee that both his diagnosis and his proposed fix are bang on. In short, you bring the US healthcare system in line with other industries by making information about the outcomes of healthcare available to consumers, then letting them choose. How to get there from here takes up most of the book, and it is as brilliant and thoughtful as Porter fans have come to expect. Read this one.

Capitalism will work for health care5
This book is a winner! Insightful and inspirational. For those of you who have been waiting for someone to set forth a treatise on how health care should work in a capitalist society, grounded in free market principles, this is it. Although some of the solutions propounded by the authors are underdeveloped, too simplistic, or easier-said-than-done("Discretionary services and nice-to-have mandates must be avoided to allow a basic affordable plan to be available in every state." Page 339), this well-researched and thorough work is thought provoking and should be mandatory reading for policymakers and those who work in the health care industry. Highly recommended.