What should providers do to move to value-based competition?
Providers (e.g., hospitals, physician practices, clinics) are the core of the system. First and foremost, providers must adopt the overarching goal of patient value, which will be empowering for all health professionals. Today, most providers mis-define their businesses, the hospital business, the surgery business, or the radiology business. To achieve the goal of value, the providers must redefine their services around medical conditions. The relevant business is the integrated care for a medical condition over the cycle of care. Current provider strategies, organizational structures, and management practices are not well-aligned with delivering value for patients. For some providers, however, the move to value-based competition is already happening, as we discuss in the book. Institutes dedicated to particular medical conditions, centers of excellence, and clinics are opening around the country. The Cleveland Clinic is publishing reports on its outcomes in every service. M.D. Anderso
