Vertical Integration and Bold Experimentation

NEJM January 2, 2019
Peter Orszag, PhD Lazard

There is significant opportunity to improve value in health care; recent research indicates both the availability of that value improvement and where it may reside.
To create and capture that improved value, it’s important to influence what doctors recommend.
To influence doctors’ recommendations, change the financial incentives and information that providers face. The best approach to doing that is vertical integration.
It is a mistake to elevate the status quo in asking whether the alternative is better than today. Instead, ask, “Is the alternative statistically worse than today?” If it’s a draw, try something else — experiment aggressively.

Peter Orszag, Vice Chairman and Global Co-Head of Healthcare at Lazard, dives into detail on these four points.

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2019-01-02T21:27:55-05:00