ABSTRACT
In healthcare, the overarching goal for providers, as well as other stakeholders, must be to improve value for patients. Here, value is defined as the health outcomes achieved that matter most to patients relative to the cost of achieving those outcomes. Globally, countries are investigating new healthcare delivery strategies to prioritize value-based outcomes over volume. Companies are also interested in value-based outcomes. These companies pay high prices for employee health data in order to predict risks and health needs. It is recommended that organizations create a Value Management Office to serve as a center of excellence for determining evidence-based outcome measurements. The implementation of a collaborative Value Management Office enables organizations to evaluate projected and realized strategic, operational, and financial benefits from major business process changes and enterprise initiatives, and establishes critical value-based care models. The shared vision is for Healthcare Delivery Organizations to apply value management as a way of doing business to ensure the efficient deployment.
