DEFINING VALUE

Definitions of value in health care draw on the seminal work of Porter and Teisberg, as the health outcomes that matter to patients relative to the resources or costs required, over a full cycle of care. Around the world, definitions have been expanded to recognise, for example, technical, allocative and societal value as well.

Porter, M & Teisberg, E 2006, Redefining health care: Creating value-bsed competition on results (presentation), Boston, Mass: Harvard Business School, https://www.hbs.edu/faculty/Publication%20Files/20060502%20NACDS%20-%20Final%2005012006%20for%20On%20Point_db5ede1d-3d06-41f0-85e3-c11658534a63.pdf

Redding, D 2016, New approaches to value in health and care, The Health Foundation, https://www.health.org.uk/publications/new-approaches-to-value-in-health-and-care

NHS England 2017, NHS Board Paper PN 09.02 2017/06, NHS RightCare and the shift to value-based healthcare, https://www.england.nhs.uk/wp-content/uploads/2017/02/board-papers-090217-item-6-nhs-rightcare.pdf

European Commission 2019, Defining value in ‘value based healthcare’: Report of the Expert Panel on effective ways of investing in health, https://ec.europa.eu/health/expert_panel/sites/expertpanel/files/docsdir/024_defining-value-vbhc_en.pdf

 NSW Health 2019, Value based healthcare, https://www.health.nsw.gov.au/Value/Pages/default.aspx

  • Dr Eddie Price is an Australian Medico and Health Administrator. He has written three books on Value-Based Health Care. Each book is an evolution of the earlier book and all are centred on what is known as Value-Based Health Care. All three books are available to download at the following link; https://drive.google.com/drive/folders/0B5k1C3usA1ipSDgxaVpBQmlOYXM

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