Michel porter always leades towards the right goal of the strategic planing purpose; the way he deliver his lecture is extremely engoyable and entertained
A Visionary leader in identifying existing value in delivery of medical care services and the potential problems in the delivery of care services and it’s impact on the system.
I am confused though (hope next time i get a better access to the answer), if COST is translated mostly as the "Willingness to Pay" from the patient's perspective - and by having better outcome means patients would be needing less service, how is then this could be seen by private sector's health care service as an advantage? I mean, in term of seeing this from a government/public sector point a view - yes cost reduction (how much money being spent per patient's treatment) would mean efficiency, but if it is being seen by private hospital, for example, when the patient no longer required service due to having better outcome - then it would be a Lost for them. *Hope next time HBS can upload more video on healthcare topic. thank you.
First, I suspect that the market (suppliers: Hospitals, providers, clinics, etc.) will "adjust" to reflect the number of services that are required. In other words, if less healthcare is needed, there will be fewer healthcare providers. Some argue that our system has too few providers, so less need for healthcare could help alleviate the mismatch between what's needed and what's available to fulfill that need. Second, I also suspect that there will always be "new" entrants into the healthcare system--people who need healthcare. After all, none of the value-based discussion says everyone gets cured forever from whatever ails them, only that the system will be focused on delivering value to the consumer in the form of better-coordinated care that provides better outcomes than fragmented care systems that often result in multiple visits.
A definite issue with this is in inducing the willingness to pay more. People can't give a payment on advance for a well performed heart surgery for giving them more quality life years than a bad one. Many people make the choice of cheap and easy but bad for toi on the long term over the opposite (in eating habits, exercise) every day.
This is absolutely ridiculous A 4th stage cancer patient will never be happy with any outcome as doctors have no clue on what to do and patient will eventually die.. So how do u measure outcomes?
We have placed physicians in such a cage they cannot deliver value. The surgeon who did the myomectomy has not delivered any value until the nurses on the ward has managed the ward care effectively for optimum period.
does not understand patients - lumping patients into categories i.e., create total cost of care for hip replacement from surgery to rehab -- some people do not want pain meds, other are oxycodone addicted by this - others are better healers, better overall condition, better comorbildities, etc - has limited vision of the complexities of medicine.
Well its a economic person. Ofcourse he doesnt get all that, he has good points though, think we can learn from that. And I think if they are non-compliant that is just a little group. Give them different help. As he said, focus on the general not the exception.
a 1 hour and 8 minuets of wishful thinking. the amount of investment to measure, track, benchmark and standardized healthcare is way more expensive than the current inflation in healthcare. the very idea of value based care is anti-profit and almost anti-capitalism.
It has been great to see Michael Porter cover health care delivery.
Michel porter always leades towards the right goal of the strategic planing purpose; the way he deliver his lecture is extremely engoyable and entertained
Thx Sir Porter for your contribution and explanation!
Great presentation
Excellent explanation of how different forces shape healthcare delivery. Important for diabetologists to understand in this modern era!
A Visionary leader in identifying existing value in delivery of medical care services and the potential problems in the delivery of care services and it’s impact on the system.
great presentation. great to have access to such a high level professional.
Great lecture!! A lot to do in Brazil's healthcare system...
It nice to listen to Porter.
cooperation always provides more quality than competition as per demming
Excellent point of view and presentation. I see the problem and solutions now.
"Value based care" an obvious scam 😂
You pay the same for less treatment so insurance profit margins are better ☠️
May the force be with you.
Excellent lecture doctor ,,, 🦋🦋🦋💜💜💜💜🌸🌸🌸🌸🍀🍀🍀
I'd love to find out how Mr Porter would assess heathcare value systems development now after 11 years.
I am interested in this answer as well. Thank you
We are beginning our Value Journey now at the Central Texas Veterans Health Care System.
It will fail misrebly.. It's all mumbo jumbo.. Hospitals are greedy for money and this is never gonna change..
Thanks great full for amazing lecture ☘️☘️☘️🍀🍀🌸💕💕💕💕💕💕🦋🦋🦋🦋🦋🦋🦋
Merci doctor 🍀☘️🍀🍀🍀☘️🍀☘️☘️💕💕💕💕💕💕💕💕💕
Great sir..
great job!
great speech , explained a lot and it all make sense now
"Value based care" an obvious scam 😂
You pay the same for less treatment so insurance profit margins are better ☠️
Thanks ♥️♥️♥️♥️♥️♥️
oh man. just bought this guy's book 《competitive advantage》
This is great. Very useful. Are the slides he's using available anywhere?
www.hbs.edu/faculty/Publication%20Files/3_13615129-eeec-4987-bf1a-1261ff86ae69.pdf
@@olindanichols7162 thank you so much!😀
Has anyone found the link for the slide deck?
I am confused though (hope next time i get a better access to the answer), if COST is translated mostly as the "Willingness to Pay" from the patient's perspective - and by having better outcome means patients would be needing less service, how is then this could be seen by private sector's health care service as an advantage? I mean, in term of seeing this from a government/public sector point a view - yes cost reduction (how much money being spent per patient's treatment) would mean efficiency, but if it is being seen by private hospital, for example, when the patient no longer required service due to having better outcome - then it would be a Lost for them.
*Hope next time HBS can upload more video on healthcare topic.
thank you.
First, I suspect that the market (suppliers: Hospitals, providers, clinics, etc.) will "adjust" to reflect the number of services that are required. In other words, if less healthcare is needed, there will be fewer healthcare providers. Some argue that our system has too few providers, so less need for healthcare could help alleviate the mismatch between what's needed and what's available to fulfill that need. Second, I also suspect that there will always be "new" entrants into the healthcare system--people who need healthcare. After all, none of the value-based discussion says everyone gets cured forever from whatever ails them, only that the system will be focused on delivering value to the consumer in the form of better-coordinated care that provides better outcomes than fragmented care systems that often result in multiple visits.
A definite issue with this is in inducing the willingness to pay more. People can't give a payment on advance for a well performed heart surgery for giving them more quality life years than a bad one. Many people make the choice of cheap and easy but bad for toi on the long term over the opposite (in eating habits, exercise) every day.
"Value based care" is just a scam.
You pay the same for less treatment so insurance profit margins are better ☠️
Informative.
That was great
This is absolutely ridiculous
A 4th stage cancer patient will never be happy with any outcome as doctors have no clue on what to do and patient will eventually die.. So how do u measure outcomes?
Youre 100% correct. "Value based care" is such an obvious scam 😂
You pay the same for less treatment so insurance profit margins are better ☠️
We have placed physicians in such a cage they cannot deliver value. The surgeon who did the myomectomy has not delivered any value until the nurses on the ward has managed the ward care effectively for optimum period.
AV club needs to step it up ha
poor audio quality
😊😊😊
does not understand patients - lumping patients into categories i.e., create total cost of care for hip replacement from surgery to rehab -- some people do not want pain meds, other are oxycodone addicted by this - others are better healers, better overall condition, better comorbildities, etc - has limited vision of the complexities of medicine.
Saulius Skeivys x
I feel like a large part of the success of value-based health care is the compliance and participation of the patient. What if they are non-compliant?
Well its a economic person. Ofcourse he doesnt get all that, he has good points though, think we can learn from that. And I think if they are non-compliant that is just a little group. Give them different help. As he said, focus on the general not the exception.
Youre 100% right! "Value based care" is just a scam.
You pay the same for less treatment so insurance profit margins are better ☠️
23😢😊😊😊😢😊😊 0:20 😊😊😢😢😊😊😊😊😊😊😢😢😢😢😊😢
Loveliy
translate italian
pleaseeee
"Value based care" an obvious scam 😂
You pay the same for less treatment so insurance profit margins are better ☠️
a 1 hour and 8 minuets of wishful thinking. the amount of investment to measure, track, benchmark and standardized healthcare is way more expensive than the current inflation in healthcare. the very idea of value based care is anti-profit and almost anti-capitalism.
"Value based care" is an obvious scam 😂
You pay the same for less treatment so insurance profit margins are better ☠️
An hour of business fluff