Continuing our series of posts on health outcome models and value in measuring healthcare we explore the work led by the International Consortium on Health Outcomes Measurement (ICHOM).
“The best way to avoid health care cost is not to do stuff that doesn’t work”, says Caleb Stowell, ICHOM
Continue reading Value-based health care – ICHOM
Continuing my LinkedIn Pulse posts on Value in Healthcare and Business Model Innovation here is my latest thinking drawing these together in discussing healthcare outcomes.
In case you missed the recent McKinsey&Company article Improving healthcare while curbing cost: Med-Tech companies offer a solution. Whilst potentially directed at the executive leadership with the healthcare system it clearly points to the timely opportunity for Med Tech businesses to engage in a new type of executive conversation with their customers about what truly matters to them – measurable healthcare outcomes. The piece is timely, relevant and authoritative. McKinsey suggests the opportunity for beyond-the-product solutions in the US alone could be as great as $44 billion (USD).
Follow the link here to the October 2015 McKinsey& Company article.
Continue reading Modelling the value of healthcare outcomes