Applying Business Principles to Medical Practice

Applying Business Principles to Medical Practice

The results from the recent American presidential election suggest that the American health care system may indeed undergo sweeping changes yet again. However, one element that will likely remain a fixture is the emphasis on health care value, as opposed to volume. The definition of health care value popularly defined by Prof Michael Porter of the Harvard Business School- is outcomes achieved relative to the costs incurred

The results from the recent American presidential election suggest that the American health care system may indeed undergo sweeping changes yet again. However, one element that will likely remain a fixture is the emphasis on health care value, as opposed to volume. The definition of health care value popularly defined by Prof Michael Porter of the Harvard Business School- is outcomes achieved relative to the costs incurred

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