Fighting healthcare rocketing costs with value-based medicine: the case of stroke management

Value-Based Medicine (VBM) is imposing itself as 'a new paradigm in healthcare management and medical practice.In this perspective paper, we discuss the role of VBM in dealing with the large productivity issue of the healthcare industry and examine some of the worldwide industrial and technolog...

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Bibliographic Details
Published in:BMC health services research 2020-02, Vol.20 (1), p.75-75, Article 75
Main Authors: Esposti, Federico, Banfi, Giuseppe
Format: Article
Language:English
Subjects:
Artificial intelligence
Big Data
Care and treatment
Chronic illnesses
Control
Correspondence
Cost control
Cost Control - methods
Cost reduction
Data mining
Delivery of Health Care - economics
Efficiency
Efficiency in healthcare
Employee incentives
Expenditures
Forecasts and trends
Health care costs
Health Care Costs - statistics & numerical data
Health care expenditures
Health care industry
Health services
Hospitals
Humans
Innovations
Management
Medical care quality
Medical economics
Medical records
Medicine
Patients
Production management
Productivity
Reimbursement
Service industries
Stroke
Stroke - economics
Stroke - therapy
Stroke patients
Trends
Value-based medicine
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Summary:Value-Based Medicine (VBM) is imposing itself as 'a new paradigm in healthcare management and medical practice.In this perspective paper, we discuss the role of VBM in dealing with the large productivity issue of the healthcare industry and examine some of the worldwide industrial and technological trends linked with VBM introduction. To clarify the points, we discuss examples of VBM management of stroke patients.In our conclusions, we support the idea of VBM as a strategic aid to manage rising costs in healthcare, and we explore the idea that VBM, by establishing value-generating networks among different healthcare stakeholders, can serve as the long sought-after redistributive mechanism that compensate patients for the industrial exploitation of their personal medical records.
ISSN:1472-6963
1472-6963
DOI:10.1186/s12913-020-4925-0