Sometimes it isn’t easy to stay up to date with value-based healthcare. There is much information available, but how can you capture the correct info. That is a challenge I have struggled with, and that’s one of the reasons I’ve started to share articles, links, webpages, books that I find helpful during my work as an international healthcare consultant.
Value-based Healthcare Resources
Books on value-based healthcare
Redefining Health Care: Creating Value-based Competition on Results by Michael E. Porter and Elizabeth Olmsted Teisberg (2006)
This book clarifies why the famous Harvard University professor Michael E. Porter, best known for his five forces model, became interested in solving the biggest challenge of healthcare: how to become financially sustainable over time. If you want to understand why Poter developed value-based healthcare, then this is an excellent book for you.
Redefining German Health Care: Moving to a Value-Based System by Michael E. Porter and Clemens Guth (2012)
Many books about value-based healthcare are based on a US context. Although VBHC is a generic model that can be applied in every healthcare system, limited publications in the early years created the impression that the model could only work in the US healthcare system or very similar systems. Porter and Guth have demonstrated that the concept of value-based healthcare also works in a very different healthcare system like in Germany.
Time-Driven Activity-Based Costing: A Simpler and More Powerful Path to Higher Profits by Robert S. Kaplan and Steven R. Anderson (2007)
Time-driven activity-based costing or TDABC seems to have little to do with healthcare. But when we look at the VBHC equation, there clearly is a costing element. That’s why the book with the concept of TDABC is in this list. Kaplan worked with Porter to develop a method to address costing in a complex system as healthcare. Although there are many different costing methods, TDABC is probably the best method for healthcare improvements.