The standard formula for value-based healthcare is premised on lowering cost and improving the quality of care to result in better outcomes. The universal aim of value in healthcare is more complex in practice and looks different depending on which part of the healthcare industry is in focus, but what seems increasingly common across the healthcare eco system is a deep investment and a relentless commitment to innovation as a core mechanism for achieving value.
The COVID-19 pandemic required a rapid creation and deployment of innovative services, care delivery, business models, and of course life-saving vaccines and drugs, in order to meet the significant needs of the moment. But is innovation always the mechanism to improving value in healthcare? What incremental progress or solutions are missed when innovation becomes a panacea? With the ubiquitous proclamation of “no going back” following the pandemic, now is the time to reexamine what it means for the healthcare industry to truly move toward value and what role innovation plays in the equation. The 2022 UNC Business of Healthcare Conference will explore this complex relationship between value and innovation in healthcare, with a focus on the major challenges and opportunities future healthcare industry leaders must consider.
The standard formula for value-based healthcare is premised on lowering cost and improving the quality of care to result in better outcomes. The universal aim of value in healthcare is more complex in practice and looks different depending on which part of the healthcare industry is in focus, but what seems increasingly common across the healthcare eco system is a deep investment and a relentless commitment to innovation as a core mechanism for achieving value.