====== Cost efficiency ======
 

[[Cost]] [[efficiency]] is the act of saving money by changing a product or process to work in a better way. This is done to improve the organization's bottom line by decreasing procurement costs and improving efficiencies across the board.
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[[Value-based health care]] and [[quality]] improvement are related concepts used to measure and improve clinical care. Value-based care represents the relationship between the incremental gain in outcome for patients and [[cost efficiency]]. It is achieved by identifying [[outcome]]s that are important to [[patient]]s, codesigning solutions using [[multidisciplinary]] [[team]]s, and measuring both outcomes and [[cost]]s to drive further [[improvement]]s, and developing [[partnership]]s across the health system.