Managing Value-Based Care Like A Business Line
From labor to supplies and drugs, health systems are grappling with significant cost pressures. And with margins still relatively thin, leaders are examining ways to restructure core operations, Dan Shellenbarger, Partner and Provider Practice Lead, Oliver Wyman, explains in this video. He points to value-based care as an area where health system leaders can focus their attention, saying that value should be thought of as a new business line, the same way that oncology or cardiovascular services are viewed.
“You need to invest and build capabilities, but when you build those capabilities, you can distinguish yourself in your community and generate a profitable business model that should be durable into the future,” he says.