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Delivering value to multiple stakeholders: 2013 and beyond.

Michael E Nugent1

  • 1Navigant Consulting, Inc., Chicago, USA. mnugent@navigantconsulting.com

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|December 21, 2012
PubMed
Summary

Top healthcare payers and providers can enhance value delivery by measuring performance, driving continuous improvement, optimizing pricing strategies, and restructuring organizations. These actions aim to improve margins, mission alignment, and market share.

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Area of Science:

  • Healthcare Management
  • Value-Based Care Strategies

Background:

  • Healthcare organizations face increasing pressure to demonstrate and deliver tangible value.
  • Traditional models often fall short in aligning financial incentives with patient outcomes and operational efficiency.

Purpose of the Study:

  • To outline a strategic framework for healthcare payers and providers to enhance value delivery.
  • To identify key actionable areas for improving organizational performance and market position.

Main Methods:

  • The study proposes a four-pronged strategic approach.
  • Key components include performance measurement, continuous improvement, value-based packaging and pricing, and organizational restructuring.

Main Results:

  • Implementing these strategies can lead to optimized margins, mission fulfillment, and increased market share.
  • Focusing on value creation and delivery is essential for long-term success in the evolving healthcare landscape.

Conclusions:

  • Healthcare payers and providers must adopt a proactive, value-centric approach.
  • Strategic initiatives in measurement, improvement, packaging, and organization are critical for sustainable growth and impact.