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“Ultimately, reforms in the health care system must be about value-improving patient health outcomes and delivering them more efficiently,” said Porter. “Currently, health care delivery is not aligned with patient value. In order to accomplish this, health care organizations need to reorganize delivery around the patient’s medical condition, deliver care through multidisciplinary teams that take responsibility for the entire care cycle, and vigorously measure patient outcomes and the costs of providing care.”
Porter, a leading authority on strategy and the competitiveness of nations and regions, has devoted considerable attention to strategy for health care organizations with a focus on patient outcomes and aligning competition with patient value. He is working with leading providers and health care systems globally.
“It was a great privilege for our members to hear from Michael Porter, who is highly regarded for his revolutionary ideas on health care and business strategy,” said Council President Caroline Young. “The Council will continue to offer these unique opportunities to hear from nationally-respected speakers on issues impacting the Nashville health care industry.”
Today’s program was presented by Cressey & Company. Supporting sponsors were Capella Healthcare, KPMG and Waller.
About Michael Porter
Michael E. Porter is the Bishop William Lawrence University Professor at Harvard Business School. A leading authority on strategy and the competitiveness of nations and regions, his work is widely recognized in governments, corporations, non-profits and academic circles across the globe. His work has also redefined thinking about economically distressed urban communities, environmental policy, and the role of corporations in society. He is the author of 19 books and numerous articles.
Since the early 2000’s, Professor Porter has devoted considerable attention to understanding and addressing the problem of health care in the United States and other countries. His 2006 book, Redefining Health Care (with Professor Elizabeth Teisberg), developed a new strategic framework for transforming the value delivered by the health care system, with implications for providers, health plans, employers, and government. Professor Porter has also published a series of articles on health care delivery and developed an extensive curriculum designed for health professionals.
In 2012, he co-founded the International Consortium for Health Outcomes Measurement(ICHOM), a non-profit organization dedicated to catalyzing and supporting outcome measurement on a global basis, and the advancement of value-based health care delivery by facilitating outcomes measurement and benchmarking globally.
About the Nashville Health Care Council
The Nashville Health Care Council, founded in 1995 as an affiliate of the Nashville Area Chamber of Commerce, is an association of health care industry leaders working together to further establish Nashville’s position as the nation’s health care industry capital. Worldwide, Nashville’s health care industry generates more than 400,000 jobs and $70 billion in annual revenue. The industry is Nashville’s largest and fastest growing employer. For more information on the Council, please visit www.healthcarecouncil.com.