What is value-based healthcare?

< Value-based healthcare

Introduction

 * Today, hospital rankings are based primarily on basic clinical indicators, such as mortality and infection rates, and on reputation.
 * The value-based healthcare framework believes that what matters most are the outcomes that patients experience.

History

 * The concept of value-based health care (VBHC) was first introduced by Michael Porter and Elizabeth Olmsted Teisberg in 2004.

Standards

 * An organization called ICHOM developed a set of standards. See ICHOM standard for breast cancer for an example.