NCBI Bookshelf. A service of the National Library of Medicine, National Institutes of Health.

Cover of Value in Health Care

Value in Health Care

Accounting for Cost, Quality, Safety, Outcomes, and Innovation

; Editors: Pierre L Yong, LeighAnne Olsen, and J Michael McGinnis.

Washington (DC): National Academies Press (US); .
ISBN-13: 978-0-309-12182-8ISBN-10: 0-309-12182-5


Value in Health Care: Accounting for Cost, Quality, Safety, Outcomes, and Innovation summarizes a two-day workshop held in November 2008, convened by the Institute of Medicine (IOM) Roundtable on Value & Science-Driven Health Care as part of its Learning Healthcare System workshop series. While the purpose of the workshop was not to yield a single definition of value, and, as a result, no single consistent definition of value was identified by the participants, this meeting did provide a forum for the broad spectrum of stakeholders in health to discuss the range of issues relevant to defining, assessing, and measuring the benefits received from our healthcare investments. This collection of papers and insights reflect the serious, reflective engagement of patients, providers, manufacturers, economists, payers, and employers—from both public and private sectors—in the central issues of value in health care. Participants discussed issues such as the mandate for improving value given rising expenditures on health care and the turbulent economic climate; the importance of perspective when defining value; the importance of communication between all involved stakeholders—but especially between patients, consumers, and providers—in order to improve outcomes while reducing costs; the tools available to incentivize value creation, including pay-for-performance, value-based insurance design, and electronic health records; and the opportunities and barriers for implementation and change.


This project was supported by the Agency for Healthcare Research and Quality, America’s Health Insurance Plans, AstraZeneca, Blue Shield of California Foundation, Burroughs Wellcome Fund, California Health Care Foundation, Centers for Medicare and Medicaid Services, Department of Veterans Affairs, Food and Drug Administration, Johnson & Johnson, the Moore Foundation, the National Institutes of Health, sanofi-aventis, and Stryker.

Suggested citation:

IOM (Institute of Medicine). 2010. Value in Health Care: Accounting for Cost, Quality, Safety, Outcomes and Innovation: Workshop Summary. Washington, DC: The National Academies Press.

Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the organizations or agencies that provided support for this project.

NOTICE: The project that is the subject of this report was approved by the Governing Board of the National Research Council, whose members are drawn from the councils of the National Academy of Sciences, the National Academy of Engineering, and the Institute of Medicine.

Copyright © 2010, National Academy of Sciences.
Bookshelf ID: NBK50929PMID: 21210558DOI: 10.17226/12566


  • PubReader
  • Print View
  • Cite this Page
  • PDF version of this title (2.2M)

Related information

Similar articles in PubMed

See reviews...See all...

Recent Activity

Your browsing activity is empty.

Activity recording is turned off.

Turn recording back on

See more...