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Related Experiment Videos

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.

Benefits Quarterly
|May 25, 2001
PubMed
Summary
This summary is machine-generated.

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Companies are shifting from value-based purchasing to value-based partnering in healthcare. This approach fosters collaboration and information exchange among stakeholders for long-term strategic alliances.

Area of Science:

  • Healthcare Management
  • Health Economics
  • Strategic Alliances

Background:

  • Increasing focus on value in healthcare purchasing.
  • Emergence of value-based purchasing models.
  • Need for deeper stakeholder collaboration.

Purpose of the Study:

  • To define value-based partnering in healthcare.
  • To explore its underlying principles.
  • To identify challenges and future implications.

Main Methods:

  • Conceptual analysis of value-based partnering.
  • Discussion of stakeholder interdependencies.
  • Review of strategic alliance formation.

Main Results:

  • Value-based partnering emphasizes shared goals and information exchange.

Related Experiment Videos

  • It requires recognizing and managing interdependencies among diverse healthcare stakeholders.
  • Key impediments include data sharing issues and misaligned incentives.

    • Conclusions:

    • Value-based partnering represents an evolution beyond traditional value-based purchasing.
    • It offers a framework for creating sustainable, long-term strategic alliances in healthcare.
    • Addressing impediments is crucial for realizing its full potential in transforming the healthcare system.