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Managing Healthcare Costs and Value

By: Robert S. Kaplan, Michael E. Porter and Mark L. Frigo
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Abstract

Rising health care costs are a major global challenge. A number of factors contribute to this trend, including aging populations and medical technology. But an underlying and misunderstood source of health care’s escalating costs has been the inability of health care provider organizations (such as large academic medical centers) to properly measure and manage the true costs and value of health care. The paper contains an interview with Kaplan and Porter about their experiences with improving the measurement of health care outcomes and cost.

Keywords

Health Care and Treatment; Cost; Cost Management; Cost Accounting; Health Industry

Citation

Kaplan, Robert S., Michael E. Porter, and Mark L. Frigo. "Managing Healthcare Costs and Value." Strategic Finance 98, no. 7 (January 2017): 24–33.

About The Authors

Robert S. Kaplan

Accounting and Management
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Michael E. Porter

Strategy
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