American College of Surgeons and Harvard Business School's Institute for Strategy and Competitiveness partner to develop value measurement tool for hospitals
Retrieved on:
Thursday, July 18, 2019
"Clearly defining the value of patient care is critical to our nation's health care system," said David B. Hoyt, MD, FACS, Executive Director of the American College of Surgeons.
Key Points:
- "Clearly defining the value of patient care is critical to our nation's health care system," said David B. Hoyt, MD, FACS, Executive Director of the American College of Surgeons.
- The method will also include risk-adjusted benchmarks, so hospitals can compare their value with one another to generate system-wide improvement.
- The HBS Institute for Strategy and Competitiveness was founded by recognized business strategy leader Michael Porter.
- The Institute for Strategy and Competitiveness (ISC) is a nonprofit research and education organization based at Harvard Business School.