"Value. Value based care. Value optimization. Policy makers and providers alike are pressing on all fronts to drive healthcare to a better place based on "value". The risk is that value becomes a hollow, overused term with little or no quantifiable meaning. Nathan Tierney has compiled an excellent resource to help us avoid such a fate. Building upon the concept of a Value Management Office, Mr. Tierney provides us with a blueprint on how and why to create such an office, how to quantify value, and how to achieve a shared understanding and vision of what success looks like.
This detailed roadmap is a must read for all in healthcare as a guide to understanding how to build value into our health delivery systems and to deliver measurable value-oriented outcomes." -H. Stephen Lieber, President & CEO HIMSS "Value-based health care is one of the most important concepts in health reform to emerge in the past 100 years of modern medicine. The concept, developed by Harvard Business School Professor Michael Porter, asks that the industry reshapes how it is organized and what it measures to improve outcomes and control costs. It is a concept that is embraced by patients, clinicians, administrators, and payers. While sometimes thought to be strictly conceptual, Nathan Tierney has assembled a book that takes health care organizations through a step by step process of how to create and run a value management office. He covers not only the basics of the value-based healthcare framework but addresses key issues like change and project management. This well written and concise guide will be essential for any organization embarking on a value-based health care journey.
" -Dr. Thomas Feeley, MD Anderson and Senior Fellow Harvard Business School " As healthcare organizations transition from traditional fee-for-service to value-based models of reimbursement, they''re re-engineering the way they do business. They need processes and solutions that help them define and achieve outcomes-based success. The Value Realization Framework describes the underlying principles organizations need to mark their progress. It''s another tool that can help organizations meet the operational, regulatory and quality demands of health care today and in the future. -Paul M. Black, CEO Allscripts "Beautiful writing!" -Dr. Regina Herzlinger, Harvard Business School and Author of Who Killed Healthcare? "There is no industry or business in the world that measures its services by something other than their added value.
Yet, value-based healthcare delivery is a relatively new concept in the healthcare industry. Although we have witnessed a global trend moving towards the development of value-based healthcare services, the United States is lagging behind many developed countries in this regard. The current fee-for-service model that incentivizes doctors and hospitals to increase volume and, possibly, demand for services, is perhaps one of the main causes of rising healthcare costs and the U.S. Strategies to prioritize value over volume are still in their infancy, due to many confounding factors. In this book, Nathan Tierney has eloquently described the fundamental problem in the healthcare industry and has elegantly presented evidence-based practical algorithms and solutions to establish a value-based healthcare management plan/initiative. Any change in healthcare delivery is going to be slow, fraught with challenges. But such progress will not even begin unless all the main players, including the public, healthcare providers and legislators understand and acknowledge the need for change.
"Value Management in Healthcare" is a concise, well-written book for all parties to learn about the current problem, the urgent need for change, and the potential solutions." -Shahin Tabatabaei, MD, Director, MGH Prostate Health Program, Department of Urology, Massachusetts General Hospital "For hospital executives, healthcare professionals, policymakers, patient rights advocates, and anyone interested in understanding how and why outcomes must drive strategy, Nathan''s book has it all. With most comprehensive coverage and detailed examples of outcomes based value creation, it is a handbook to design and implement transformational programs. A thorough guide to truly understand what healthcare is all about - a must-read for leaders who sincerely want to make a change." -Al Naqvi, President of American Institute of Artificial Intelligence, Professor, Formerly CFO of Illinois Health and Science healthcare system "Whenever thinking of innovation in healthcare - whether you are in public or private hospital, whether you consider radical or gradual change, whether you work for pharmaceutical company or digital healthcare startup, and whatever healthcare policy your nation has - you may find yourself facing the fact that ''Value-based healthcare'' is the key to solve yourproblem. If you need a comprehensive guide to tackle your ownissue, this book is theone you are finding. Nathan made outstanding efforts on this bookto provide practical tips and insights based on his learning and experiences as a healthcare innovator." -Charles (Dong Cheol) Kim, Chief of Future Insights and Strategy, Samsung Life Public Welfare Foundation, Samsung Medical Center "This book presents an evidence, value based decision making philosophy sorely lacking in today''s antiquated medical system.
This book should be required reading for all legislators, presidents, hospital CEOs and administrators. Timely and relevant to today''s healthcare dilemmas." -Fernando Burstein MD,FACS,FAAP, Clinical Professor Plastic and Reconstructive Surgery, Emory University, Director of Craniofacial Surgery Children''s healthcare of Atlanta "Nathan has drawn on his diverse and sometimes intense life experiences to successfully develop a resource for all health organisations to use when implementing a value driven approach to health care. Whether a commissioner or a providerof health care, the value based healthcare approach enables organisations to frame their strategic, tactical and operational response to better deliver outcomes that really matter to patients and the population served. Nathan describes, in a very practical and ''real'' way, the journey from theory through to practice for organisations wishing to embrace a value and outcomes based system of healthcare. Change management is the key, influencing and convincing the most important professionals in any healthcare system is critical to successfully changing an organisations culture and mind set. Who can argue with improving value and outcomes for the people we treat? From a financial perspective better outcomes and leaner patient pathways equals higher efficiency and less wastage - music to my ears! I foresee this being a key reference document to support the Harvard approach to healthcare improvement, certainly a publication I will be recommending to colleagues in Wales and the UK." -Rob Holcombe, MSc, FCCA, Assistant Finance Director, Aneurin Bevan University Health Board, Wales, UK "As a public health physician practicing in one of the African countries, I can dispassionately say that Nathan Tierney in this book has instilled a new vitality into health care management by translating this day to day discussion into a compelling intriguing read, applicable to both the realities of today and the future of implementing value management in health care.
His descriptions which I tag ''call to action'' brings forth the needed creation, management and measurement of values in health services, with incomparable concepts that improve services and create fervent customers." -Bola I. Gobir MD. MSc. Interim Country Director (Nigeria), Assistant Professor Center for International Health, Education, and Biosecurity (CIHEB); Maryland Global Initiatives Corporation (MGIC), Institute of Human Virology University of Maryland Baltimore School of Medicine "Healthcare is experiencing transformation across the world, from the developed markets to emerging markets. The core concept is how to deliver value, better clinical results, more cost effectiveness and shareholders'' value through industry innovation. Nathan Tierney''s book just provides health care industry a valuable guide on value-based analysis from health care provider''s point of view, not just concept but real practice. The knowledge within the book will be indispensable for health care industry to innovate and help more patients.
" -George Wang, MBA, General Manager of Cardiovascular and Specialty Solutions Group, Johnson and Johnson Medical China "We humans usually struggle wrapping our heads around the abstract concept of "value", regardless the domain. Measuring it, often times seems some sort of a subjective exercise. When we talk health, it´s even more difficult to measure it, though we all know very well, we feel it in our pockets and hearts, when we or our loved ones are receiving a valuable treatment. That´s precisely why it is so important for patients and healthcare professionals alike to measure it and create a culture around it. The value based health care delivery paradigm has been around for a while, but it is through rigorous and experience-based books like the one in your hands that organizations of all kinds are actually able to make a successful transition into this new world. Nathan Tierney´s work, product of his non paralleled experience in an organization that sets the pace for the rest of us and his contagious passion for the subject, is at the same time a pragmatic and very useful toolset and a roadmap to successfully lead your organization to embracing value." -Rafael Garrido Rivas, Managing.