Value in Pediatric Orthopaedics

Harvard economist Michael Porter has written that Value=outcomes/costs. Value=efficiency. Using this formula, value is now measured by the medical outcomes achieved, rather than, as had been done in prior years, by the volume of services delivered. This emphasis on ‘value’ promotes a shift in thinking from volume to outcomes and focuses on the cost of a patient’s entire care cycle. There is currently not a single book in pediatric orthopaedics that discusses the many ways physicians and practitioners can use the principles of the value equation to provide better care to their patients and to society. This text fills this gap with practical, actual case-based examples to help demonstrate this value.