The concept of value, defined as quality divided by cost, has driven the present ongoing discussion of how to evaluate outcome and measure costs in health care 1).
Porter claimed that improving outcome can be a way to detain rising costs 2).
Thus, the majority of stakeholders are embracing this new notion and there is a growing interest in finding indicators that reliably evaluate the quality of outcomes. However, measuring the quality of health care delivery is challenging. While governments, private companies, and the public sector have measured the progress of strategic goals with internal key performance indicators (KPIs) for years 3).
see Diagnostic value.
see Prognostic value