The move toward value-based healthcare is gradually restructuring healthcare to better reward systems and providers that can deliver care in ways that improve clinical outcomes while lowering overall costs.
While Medtronic remains focused on developing technologies and services that can drive more value into existing health systems, we are also actively leading and participating in efforts around the globe aimed at re-architecting healthcare delivery and payment systems to better reward patient outcomes into the future.
As an acknowledgement of this shift in healthcare, Medtronic once again sponsored the online Insight Center hosted by the New England Journal of Medicine and Harvard Business Review. This Insight Center – entitled “Measuring Costs and Outcomes in Healthcare” – features commentary from key opinion leaders in value-based healthcare, as well two webinars on the topic hosted by Robert Kaplan, Senior Fellow and the Marvin Bower Professor of Leadership Development, Emeritus, Harvard Business School, and Christina Akerman, MD, PhD, President of International Consortium for Health Outcomes Measurement (ICHOM), respectively. Access the commentary and webinars.
At Medtronic, we define value-based healthcare as an effort to develop and deploy products, services and integrated solutions that improve patient outcomes per dollar spent in the healthcare system by improving the quality of care and or reducing the associated expense. Most importantly, the value derived from the quality of care isn't determined at a specific point in time that focuses on transactional value. Instead, value should be measured holistically over a longer time horizon and in ways that are meaningful to the patient.
Medtronic's goal is to ensure that the power of technology is considered and leveraged within healthcare systems as a means by which to deliver better patient-centered outcomes. We seek to be an engaged and collaborative industry leader and partner committed to seeing that value based healthcare efforts are successful for patients and caregivers.