In September 2011, Robert Kaplan, PhD, and Michael Porter, PhD — both Harvard Business School professors — published a paper in Harvard Business Review titled “The Big Idea: How to Solve the Cost Crisis in Health Care.”
The paper identified the cost-measuring system as a fundamental source of ballooning healthcare spending. “To put it bluntly, there is an almost complete lack of understanding of how much it costs to deliver patient care, much less how those costs compare with the outcomes achieved,” Drs. Kaplan and Porter wrote.
Spurred by their take on the healthcare cost containment problem, Vivian S. Lee, MD, PhD, MBA — senior vice president for health sciences at the University of Utah, Dean of the University of Utah School of Medicine and CEO of University of Utah Health Care in Salt Lake City — launched the Value-Driven Outcomes initiative, a project that brought together leaders from various departments such as quality improvement, biomedical informatics and IT to create a tool to help their university and other healthcare providers understand the true cost of care.
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