The Power of
Value-Based Healthcare
CHI Value-Based
Healthcare
Is achieving the best health outcomes with the optimal and fair allocation and best utilization of resources where “outcomes” relate to benefits delivered for individuals, communities and the population; and “resources” include all human, capital and natural resources.
What is Value-Based
Healthcare?
VBHC initiatives have been on the rise, ever since Porter and Teisberg introduced the concept of Value-Based competition, in response to the increasing cost of healthcare in the United States and the failure of reforms to improve health outcomes and contain costs. In their seminal book titled Redefining Healthcare (2006), Porter and Teisberg introduce seven principles of Value-Base competition with value being the main objective, simply defined as “the quality of patient outcomes relative to the dollars expended”.
Pillars and Initiatives
CHI’s focus domains to develop Value Based Healthcare and the initiatives
