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Published on: February 16, 2011
Value-based partnering in health care
D W Young1, D C Pinakiewicz, S M McCarthy
1Crimson Group, Inc., Healthcare and Public Management Programs, Boston University School of Management, USA.
Abstract:
Many companies are beginning to focus on value in their health care purchasing decisions, and some are going beyond value-based purchasing to value-based partnering. Value-based partnering recognizes the interdependencies among stakeholder groups in the health care system and creates a strategic reason for them to exchange information and create long-term strategic alliances. This article discusses the principles of value-based partnering, impediments to practicing it and its future role in the health care system.
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