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You are here > Home > Reading Lists > Health Administration > Redefining Healthcare Redefining Health Care: Creating
Value-Based Competition on Results Hardcover: 208 pages
Here is a groundbreaking plan for curing health care from the foremost expert on competitive strategy. The U.S. health care system is in crisis. At stake are the quality of care for millions of Americans and the financial well-being of individuals and employers squeezed by skyrocketing premiums--not to mention the stability of state and federal government budgets. In Redefining Health Care, internationally renowned strategy expert Michael E. Porter and innovation expert Elizabeth Olmsted Teisberg reveal the underlying--and largely overlooked--causes of the problem and provide a powerful prescription for change. The authors argue that participants in the health care system have competed to shift costs, accumulate bargaining power, and restrict services, rather than create value for patients. This zero-sum competition takes place at the wrong level--among health plans, networks, and hospitals--rather than where it matters most--in the diagnosis, treatment, and prevention of specific health conditions. Redefining Health Care lays out a breakthrough framework for redefining health care competition based on patient value. With specific recommendations for hospitals, doctors, health plans, employers, and policy makers, this book shows how to move to a positive-sum competition that will unleash stunning improvements in quality and efficiency. Based at the Harvard Business School, the Institute for Strategy and Competitiveness is dedicated to the study of competition and its implications for company strategy; the competitiveness of nations, regions, and cities; and the relationship between competition and society. The Institute seeks to develop new theory, assemble bodies of data to test and apply the theory, and disseminate its ideas widely to scholars and practitioners in business, government, and non-governmental organizations such as universities, economic development organizations, and foundations. The Institute is led by Michael E. Porter. The Institute is dedicated to deepening, extending, and disseminating the body of research that Professor Porter has pioneered over the last two decades. Michael E. Porter is the Bishop William Lawrence University Professor, based at Harvard Business School. A University professorship is the highest professional recognition that can be given to a Harvard faculty member. Professor Porter is the fourth faculty member in Harvard Business School history to earn this distinction, and is one of about 15 current University Professors at Harvard. Professor Porter is a leading authority on competitive strategy and the competitiveness and economic development of nations, states, and regions. He received a B.S.E. with high honors in aerospace and mechanical engineering from Princeton University in 1969, where he was elected to Phi Beta Kappa and Tau Beta Pi. He received an M.B.A. with high distinction in 1971 from the Harvard Business School, where he was a George F. Baker Scholar, and a Ph.D. in Business Economics from Harvard University in 1973.Professor Porter's ideas on strategy have now become the foundation for the required strategy course at the Harvard Business School, and is taught in virtually every business school in the world. Professor Porter currently leads Harvard's programs for chief executive officers of billion dollar and larger corporations and created a University-wide course on the microeconomics of economic development that is also taught simultaneously, using Internet-delivered material, in 17 other universities. Professor Porter also speaks widely on competitive strategy and international competitiveness to business and government audiences throughout the world. The awards and honors won by Professor Porter include Harvard's David A. Wells Prize in Economics for his research in industrial organization and five McKinsey Awards for the best Harvard Business Review article of the year. He received the Graham and Dodd Award of the Financial Analysts Federation in 1980. His book Competitive Advantage won the George R. Terry Book Award of the Academy of Management in 1985 as the outstanding contribution to management thought. He was elected a Fellow of the Academy of Management in 1988 and the Royal Swedish Academy of Engineering Sciences in 1991. In 1991, he received the Charles Coolidge Parlin Award for outstanding contribution to the field of marketing and strategy given by the American Marketing Association. Professor Porter was honored by the Massachusetts State Legislature for his work on Massachusetts competitiveness in 1991. In 1993, Professor Porter was named the Richard D. Irwin Outstanding Educator in Business Policy and Strategy by the Academy of Management. He was the 1997 recipient of the Adam Smith Award of the National Association of Business Economists, given in recognition of his exceptional contributions to the business economics profession. A Fellow of the International Academy of Management since 1985, he received that group's first-ever Distinguished Award for Contribution to the Field of Management in 1998. In 2001, the Porter Prize was established in Japan to recognize that nation's leading companies in strategy. Professor Porter was honored by the MBA Class of 2001 at Harvard Business School for his extraordinary efforts as an outstanding faculty member. He has been conferred honorary doctorates by the Stockholm School of Economics; Erasmus University, the Netherlands; HEC (Hautes Ecoles Commerciales), France; Universidada Tecnica de Lisboa, Portugal; Adolfo Ibanez University, Chile; INCAE, Central America; Johnson and Wales University; and Mt. Ida College. His national honors include the Creu de St. Jordi (Cross of St. George) from Catalonia (Spain) and the Jose Dolores Estrada Order of Merit (the highest civilian honor awarded by the Government of Nicaragua). Subjects covered in this book include:
The mission of Harvard Business School Publishing is to improve the practice of management and its impact on a changing world. We collaborate to create products and services in the media that best serve our customers: individuals and organizations who believe in the power of ideas. We strive to be the publisher of choice for authors and content experts with important and influential management ideas. Hardcover: 208 pages
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