medical professional with tablet The value measurement process will include risk-adjusted benchmarks so hospitals can compare their results with those at other institutions. (Photo: Shutterstock)

The American College of Surgeons and the Harvard Business School’s Institute for Strategy and Competitiveness are launching a program to quantify outcomes and costs of health care to improve both quality and the bottom line.

The new program, to be called THRIVE (Transforming Health Care Results by Investing in Value and Excellence), will be piloted with 10 to 15 hospitals and will focus on measuring the full cycle of care, including surgical, medical, behavioral and social elements, for three surgical conditions.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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