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Value Focused
Defining Value—Our Methodology
Our journey to optimize value depends upon transparency to be effective throughout our system. Transparency begins with a definition of value shared by all members of the ÌÇÐÄ´«Ã½ family. We created our Value Equation to define value to our organization and the people in our care.
Our Value Equation has four elements:
1. QUALITY
The quality of services we provide to maximize both safety and effectiveness.
2. SERVICE
The ease of access to care from ÌÇÐÄ´«Ã½.
3. COST-EFFICIENCY
The cost of our services and efficiency of our care delivery.
4. ENGAGEMENT
The caliber of our people, their level of engagement, and the support we provide to help them do their best work.
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VALUE FOCUSED: A PATIENT-CENTERED FOUNDATION
The advances we have made in reshaping the health care landscape with innovations that are uniquely Stanford and our successes advancing digitally driven initiatives all converge to deliver value. Value in the quality of our care, value in the reach of our access and network, and value in strong fiscal management. These advances herald a cultural shift at Stanford Medicine. Human-centered and discovery-led, we are making value-based care a reality. Not just for the patient journey but for providers, payers, and the community at large.