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Value-Based Healthcare: Fad or Fabulous?
1Director, Health Program, Grattan Institute, Melbourne, Australia.
Abstract:
Value-based healthcare has entered the lexicon of health service managers and policy makers over the past decade. But translating the idea from a rhetorical device or concept for use in the United States into a policy or action elsewhere is difficult. It has obvious appeal - who can argue against value? In this paper, I discuss the utility of value-based care as a rhetorical device and the complexity of operationalizing it and identifying patient perspectives on value.
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