Value in healthcare is defined as "the ratio of clinical outcomes to the costs incurred to achieve them" by Michael Porter and Elizabeth Teisberg in their 2006 book Redefining Health Care, but what does high value care look like in practice? What does value-based care look like to the doctors and nurses who deliver it? Or, more importantly, to the patients who receive it?
Forbes shed some light on these questions and recently offered six habits of high value healthcare organizations.
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