By David Baek, VI Form

Literature Review: Creating Value in US Health Care Industry

Redefining Health Care, by Michael Porter, and Fixing Health Care From Inside & Out, by several Harvard Business School professors, will be the foundation upon which this review will be built. The two books differ in that the former centers its content on a general, abstract principle that can be applied to the whole industry while the latter provides practical business solutions to problems occurring inside each component of the industry. Many health care leaders today are provided with far too many solutions, such as these two, to decide which one is the best option. This review serves to combine the two seemingly complementary solutions to better the health care leaders’ vision for moving US health care forward.

The status quo of the health care industry is looking very dim. There have been reports of unhelpful pharmaceutical mergers, doctors charging patients unnecessary amounts, a decline in employer-based (more…)