Business Finance - Management Week 2 Assignment- Delivery of Healthcare

Visually Representing Health Care Concepts

In this week’s Assignment, you will develop a visual description (e.g., infographic, pamphlet, presentation, brochure, etc.) of health care concepts that you will revisit throughout this course. Mainly, the focus will be on defining what value-based care means, describing the six elements of value-based care, and describing the six Institute of Medicine’s IOM Aims. The purpose of this Assignment is to check your understanding of these concepts by being able to describe them in a relatable way.

To prepare for this Assignment: 

• Review this week’s Learning Resources.
• Select a visual medium that you would like to use to present the definitions and descriptions that address the Assignment criteria. If you are unfamiliar with this medium, locate resources that provide advice on developing them

Submit a visual representation of the following:

• Define value-based healthcare based on at least two sources from this week’s Learning Resources.
• Describe the six elements of the value-based care model (as defined by the Harvard Business School Institute for Strategy & Competitiveness Links to an external site.):
  • Organize care around medical conditions
  • Measure outcomes and cost for every patient
  • Aligning reimbursement with value
  • Systems integration
  • Geography of care
  • Information technology
• Describe the six Institute of Medicine (IOM) Aims (safe, effective, patient-centered, timely, efficient, equitable).

(This is the link for the six elements of the value-based care model (as defined by the Harvard Business School Institute for Strategy & Competitiveness Links to an external site.)

https://www.isc.hbs.edu/health-care/value-based-health-care/Pages/default.aspx