To unlock the potential of value-based healthcare by defining global Standard Sets of outcome measures that matter most to patients and driving adoption and reporting of these measures worldwide to create better value for all stakeholders
Doctors think about prostate cancer in terms of PSA levels. The average patient doesn’t. That’s why we need to change how we evaluate and talk to patients about their health.
At ICHOM, we’re developing a new paradigm focused on health outcomes – the results that matter most to patients. The end result? A world where patients ask their doctors about meaningful outcomes, and doctors can respond with data-driven answers.
To us, it’s more than improving the doctor-patient relationship. We’re creating a new definition of success that transforms health care in several important ways:
Informed decision making
By publishing health outcomes data, patients can choose the physicians and treatments that best suit them.
Outcomes data can help physicians evaluate how they’re doing compared to their peers worldwide and provide an opportunity to learn from each other to improve the care they provide
If physicians make treatment decisions based on outcomes, patients are more likely to receive high quality care and payers only pay for services that achieve results.
A future view of value-based health care
We are grounded in a theoretical framework
Our approach is built on a solid framework developed at Harvard Business School by Professors Michael E. Porter and Elizabeth O. Teisberg. In 2006, Porter and Teisberg wrote the well-known book, Redefining Health Care, which outlines the argument for using health outcomes data to redefine the nature of competition in health care.
We are rooted in strategy
One of our founding organizations, The Boston Consulting Group, was the first to introduce competitive strategy to the business world. Their team offers more than 50 years of experience, a professional culture, and a rigorous approach to addressing challenges.