Healthcare SIG - April Virtual HC Roundtable
By Profs. Porter and Kaplan
Please join us on April 10th, 2012 as Professors Michael Porter and Robert Kaplan discuss their new Harvard Business Review article entitled "How to Solve the Cost Crisis in Healthcare".
DATE:
Tuesday, April 10, 2012
TIME:
12:00-1:00 P.M. ET
LOCATION:
Virtual, call-in information will be sent prior to the calCOST:
FREE for members; $50 non-members
RSVP: Seating is very limited, so please reserve your spot today.
Click here to purchase your ticket on the HBS site.
DETAILS:
U.S. health care costs currently exceed 17% of GDP and continue to rise. Other countries spend less of their GDP on health care but have the same increasing trend. Explanations are not hard to find. The aging of populations and the development of new treatments are behind some of the increase. Perverse incentives also contribute: Third-party payors (insurance companies and governments) reimburse for procedures performed rather than outcomes achieved, and patients bear little responsibility for the cost of the health care services they demand.
But few acknowledge a more fundamental source of escalating costs: the system by which those costs are measured. 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. Instead of focusing on the costs of treating individual patients with specific medical conditions over their full cycle of care, providers aggregate and analyze costs at the specialty or service department level.
Robert Kaplan is Baker Foundation Professor at HBS.
Michael Porter is Bishop William Lawrence University Professor at HBS.
More information can be found on the HBS site.