Value-Based health care has been implemented through Boston Consulting Group, at the worlds most expensive hospital, NKS, in Solna, Sweden. The model is heavily criticized, not only for its lack of evidence based research supporting it, but also because of the experience from the staff working at that hospital. There are frequent articles in Swedish news papers criticising especially the role that Boston Consulting Group has played in this implementation.
Outcome transparency can actually be a bad thing. Specialized centres who are taking the worst cases will likely have the highest complication rates. But when patients start deciding based on outcome transparency, they will not go to these centres, even though the treatment might be best. Also this will lead to hospitals avoiding high complication rates and over-reporting disease-severity. Some patients might not get treatment (If high complication-rate is to be expected). Some might get more than really needed (If severity of disease is over-reported). There is a very interesting prospective-study recently done on this, if anybody is interested.
If your institution is set up to look after the severe cases are benchmarked accordingly - healthoutcomes are not in isolation - it is the Delta change in outcome that is important - hope this makes sense.
Vested interests have lost the plot, deliberately. Prevention is better than cure. Medical intervention will be reduced by 80% if effort is focused on assisting the population in overcoming the addiction to Sugar, Flour and Omega 6 vegetables oils, the root cause of all modern metabolic disorders. THIS is the future of Value Added Health Care.
I have questions.. please bear with me, I'm a management fresh grad but interested in various industries... So.. This is good and all from consumer/patient POV, but how is this profitable to the hospital/care provider themselves? From my limited knowledge, wouldn't it be more profitable for businesses to have their consumer use their product/service as much as possible? The less the consumer use them, the less they got. True, a good experience and treatment would keep them satisfied/happy and encourage them to trust the hospital more.. but if they're always healthy, no complications, etc.. they wouldn't need to come back to hospital more often. Yes, those maybe unethical, but they do generate business/revenue.. my point is, what's the value of this business model to actual health care providers? Like, what business incentive can make them adopt this model besides 'looking good' Sorry for grammar butchery, not my first language..
You are funny, "but if they're always healthy, no complications, etc.. they wouldn't need to come back to hospital more often". It is people like you that need to kept away from sick people. If you were to run a hospital your incentive to make money would be severely detrimental to the patients health. Are you a banker perchance?
@@Tearstank i agree with your comments- and that is why MBA in healthcare without a medical degree is dangerous - These are the people who are responsible for the current state of our health care system
« إِنَّ اللَّهَ وَمَلَائِكَتَهُ يُصَلُّونَ عَلَى النَّبِيِّ ۚ يَا أَيُّهَا الَّذِينَ آمَنُوا صَلُّوا عَلَيْهِ وَسَلِّمُوا تَسْلِيمًا » 🥰
Value-Based health care has been implemented through Boston Consulting Group, at the worlds most expensive hospital, NKS, in Solna, Sweden. The model is heavily criticized, not only for its lack of evidence based research supporting it, but also because of the experience from the staff working at that hospital. There are frequent articles in Swedish news papers criticising especially the role that Boston Consulting Group has played in this implementation.
BCG is business first that is why !
I really love this video! Thx! Yes Yes! Value-based Healthcare System! Huumm! lovely!
A beautiful evidence of the determination of all to build Inclusive and Cost-effective Healthcare System in US.
Outcome transparency can actually be a bad thing. Specialized centres who are taking the worst cases will likely have the highest complication rates. But when patients start deciding based on outcome transparency, they will not go to these centres, even though the treatment might be best.
Also this will lead to hospitals avoiding high complication rates and over-reporting disease-severity. Some patients might not get treatment (If high complication-rate is to be expected). Some might get more than really needed (If severity of disease is over-reported).
There is a very interesting prospective-study recently done on this, if anybody is interested.
Hello. Please, could you share this info with me?
If your institution is set up to look after the severe cases are benchmarked accordingly - healthoutcomes are not in isolation - it is the Delta change in outcome that is important - hope this makes sense.
Lovely video, and I wish that reality could be like this.
Lol I love how neither of the scenes presented is at all reflective of how hospitals work
And they both get post op infections lol
It's actually the "value" for the company profits a lot more than value for the patients. Just a clever marketing.
Can this video be used for internal corporate training purposes?
This is currently what India needs, nothing close to what is depicted in the video. Its most FFS right now.
Vested interests have lost the plot, deliberately. Prevention is better than cure. Medical intervention will be reduced by 80% if effort is focused on assisting the population in overcoming the addiction to Sugar, Flour and Omega 6 vegetables oils, the root cause of all modern metabolic disorders. THIS is the future of Value Added Health Care.
I have questions.. please bear with me, I'm a management fresh grad but interested in various industries...
So..
This is good and all from consumer/patient POV, but how is this profitable to the hospital/care provider themselves? From my limited knowledge, wouldn't it be more profitable for businesses to have their consumer use their product/service as much as possible? The less the consumer use them, the less they got. True, a good experience and treatment would keep them satisfied/happy and encourage them to trust the hospital more.. but if they're always healthy, no complications, etc.. they wouldn't need to come back to hospital more often. Yes, those maybe unethical, but they do generate business/revenue.. my point is, what's the value of this business model to actual health care providers? Like, what business incentive can make them adopt this model besides 'looking good'
Sorry for grammar butchery, not my first language..
You are funny, "but if they're always healthy, no complications, etc.. they wouldn't need to come back to hospital more often". It is people like you that need to kept away from sick people. If you were to run a hospital your incentive to make money would be severely detrimental to the patients health. Are you a banker perchance?
@@Tearstank i agree with your comments- and that is why MBA in healthcare without a medical degree is dangerous - These are the people who are responsible for the current state of our health care system