Cost Measurement Research
The Value Based Health Care Delivery (VBHCD) initiative, led by Harvard Business School professors Michael Porter and Robert Kaplan, engages with leading health care providers in the U.S. and around the world to measure and manage patient-level costs over complete cycles of care for a variety of medical conditions. This innovative approach links costs to clinical outcomes in order to idenify opportunities for value improvement and develop reimbursement models aligned with high value care delivery.
READ MORE ABOUT VALUE-BASED HEALTH CARE DELIVERY
READ MORE ABOUT MEASURING COSTS
The Harvard Business School VBHCD team helps provider sites:
Implement time-driven activity-based costing (TDABC) to measure costs over the full care cycle, and then identify cost savings while maintaining quality of care
Facilitate process improvements identified through the TDABC analysis
Develop innovative reimbursement approaches that reward providers and organizations for delivering higher value care
Produce academic materials to disseminate insights and care models gleaned from the work
The Harvard Business School offers partner sites extensive collaboration and support in implementing the value framework. The research identifies actionable steps to improve patient value, either by reducing costs while maintaining clinical outcomes or by improving outcomes without raising costs.