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Redefining Health Care by Michael E. Porter and Elizabeth Olmsted Teisberg Web-Ready Jacket Image 72dpi by Harvard Business Review

Redefining Health Care: Creating Value-Based Competition on Results

Authors: Michael E. Porter and Elizabeth Olmsted Teisberg

Publication Date: April 24, 2006

Description: The U.S. health care system is in crisis. At stake are the quality of care for millions of Americans and the financial well-being of individuals and employers squeezed by skyrocketing premiums--not to mention the stability of state and federal government budgets.

In Redefining Health Care, internationally renowned strategy expert Michael E. Porter and innovation expert Elizabeth Olmsted Teisberg reveal the underlying--and largely overlooked--causes of the problem and provide a powerful prescription for change. The authors argue that participants in the health care system have competed to shift costs, accumulate bargaining power, and restrict services rather than create value for patients. This zero-sum competition takes place at the wrong level--among health plans, networks, and hospitals--rather than where it matters most: in the diagnosis, treatment, and prevention of specific health conditions.

Redefining Health Care lays out a breakthrough framework for redefining health care competition based on patient value. With specific recommendations for hospitals, doctors, health plans, employers, and policy makers, this book shows how to move to a positive-sum competition that will unleash stunning improvements in quality and efficiency.

Author Bios: Michael E. Porter, Professor of Business Administration at the Harvard Business School, is the recipient of the 1979 McKinsey Foundation Award for The Best Harvard Business Review Article and a guest columnist for the Wall Street Journal. Professor Porter developed the much praised MBA course on Industry and Competitive Analysis, lectures widely on competitive strategy, and is a strategic consultant to numerous companies in the United States and abroad.

Elizabeth Olmsted Teisberg is a tenured member of the faculty of the University of Virginia, in the Darden Graduate School of Business. Dr. Teisberg speaks nationally and internationally on health care strategy and policy. She is a Senior Institute Associate at the Harvard Business School’s Institute for Strategy and Competitiveness. She is a member of the Global Changing Diabetes Advisory Board, and the Aspen Health Stewardship Advisory Board.

Michael's HBS Page: drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=bio&fa...

Lisa's Darden Page: faculty.darden.virginia.edu/teisberge/bio.htm

Other works by these authors:

Competitive Strategy

Competitive Advantage

On Competition

Competitive Advantage of Nations

Can Japan Compete?

Strategy

Competition in Global Industries

Competing Across Locations

HBR Articles

Contact: publicity@hbr.org

TEDxDUHS 2025 (Dr. Zafar Zaidi) by Saaras Bajaj

TEDxDUHS 2025 | “Redefining Healthcare in Pakistan: A Life Changing Journey”

Dr. Zafar Zaidi's talk was more than a reflection on medicine, it was a call to reimagine compassion, innovation, and resilience within Pakistan’s healthcare system.