Redefining the formula to calculate costs in health care

Michael Porter and Robert Kaplan suggest that in order to reduce health care costs, the entire system of cost calculation must be redefined, according to an article in the Harvard Business Review.

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Hospitals must restructure care in order to reduce costs

Harvard Business School professor Michael Porter says that hospitals and doctors must structure their processes around patients’ conditions, not around medical specialties in order to address cost issues, according to Boston.com.

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