A (hopefully) valuable article about value
Arlen Meyers, MD, MBA
President and CEO, Society of Physician Entrepreneurs, another lousy golfer, terrible cook
The goal of biomedical and clinical entrepreneurship is to create user/stakeholder defined value through the deployment of innovation using a VAST business model.
I was recently asked to explain what I mean when I say "value".
Here are my thoughts that I hope you find valuable. You certainly can't beat the price so the measure will be whether the time you spend reading this was worth the real or perceived benefits compared to the status quo or a competitive offering:
Want my advice? Don't take my advice.
Now that's valuable. But you decide.
Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs on Substack
Executive Associate Dean @ Nova Southeastern University | DO
1 年Excellent
TrudentClinics ?irketinde Dental Treatment Services
1 年The health care system can appreciate the team's ability to use its knowledge to establish a pathway to optimal care that supports the system's brand position - the most welcoming, warm care team with the best outcomes.
Immediate Past Medical Director, American College of Surgeons; Quality and Health Policy
1 年Value is a judgment applied by an individual and influenced by all that is important to them. It has been hijacked by payers and administrators to become a numeric expression with a numerator and a denominator so that it is a calculation that fits to a payment incentive program. Value to a patient happens to relate to the care they seek and their personal preferences - which are, themselves, subject to change and evolve. A newly diagnoses cancer patient values survival, beating cancer. As reality sets in, this could change and become valuing the quality of life and the end of life. The value of a physician may depend on her ability to build a team, incorporate all the nurses and other key role players to deliver on the goals of a patient. Instead of a clinical outcome, it may be the level of goal attainment in the eyes of a patient that translates into value. Or a health system may value the ability for a team to leverage its knowledge assets for defining a path to optimal care that helps the system's market position - the friendliest, warmest care delivery team with the finest outcomes. What value IS NOT is a number that fits a payment formula.