Reverse innovation in health care : how to make value-based delivery work /
by Vijay Govindarajan, Ravi Ramamurti
- Boston, Massachusetts : Harvard Business Review Press, (c)2018.
- 1 online resource (viii, 265 pages)
An unhealthy problem meets an unlikely solution -- Breakthrough business model of Indian exemplars -- Value-based competition in action -- Disrupting US costs -- Expanding rural access -- Expanding access for the uninsured -- Improving quality -- Promoting reverse innovation and value-based health care
Health care in the United States and other nations is on a collision course with patient needs and economic reality. For more than a decade, leading thinkers including Michael Porter and Clayton Christensen have argued passionately for value-based health care reform: replacing delivery based on volume and fee-for-service with competition based on value, as measured by patient outcomes per dollar spent. Though still a pipe dream here in the United States, this kind of value-based competition is already a reality--in India. Facing a giant population of poor, underserved people and a severe shortage of skills and capacity, some risk-taking private enterprises have found a way to deliver high-quality health care, at ultra-low prices, to all patients who need it. Govindarajan and Ramamurti studied these Indian value-based models in depth. After investigating forty health care organizations and conducting field research on sixteen, they identified seven "exemplar" providers that consistently delivered high-quality health care at ultra-low cost, while being profitable, financially sustainable, and able to scale up their operations. Their secret sauce consists of five principles that work together to produce value-based care. Arguing that now is the time for the United States and other "rich" nations to learn from the "poor," this book shows how the innovations developed by these Indian exemplars are already being practiced by some far-sighted US providers--reversing the typical flow of innovation in the world. The authors describe four different pathways being used by these organizations to apply Indian-style principles to attack the exorbitant costs, uneven quality, and incomplete access to health care in the United States.--
9781633693678
Medical care--Quality control.--India Medical care--Quality control.--United States Medical care--Cost effectiveness.--India Medical care--Cost effectiveness.--United States Value analysis (Cost control) Competition. Health planning. Medical care. Cost control.