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Value in Healthcare – A Case for Change

Despite the tremendous progress health systems and clinical research have achieved, the quality and cost of care delivered around the world are sub-optimal and highly variable. An estimated 30% of the $7-8 trillion we spend globally on health care is considered wasted. There is growing momentum towards transforming today’s health care systems into “Value-Based Health Care (VBHC) Systems.” These patient stories contrast our current health systems with a VBHC system where all stakeholders are aligned on the definition of success: delivering outcomes that matter to patients at the lowest cost.