Value added
Value Added (Medicine)
Value Added (pronunciation: /ˈvalyo͞o ˈadəd/) is a term used in the field of medicine to describe the enhancement or improvement in the quality of medical services or products that goes beyond the basic function. It can also refer to the additional benefits that a patient receives due to the intervention of healthcare professionals.
Etymology
The term 'Value Added' is derived from the economic concept of 'value added', which refers to the additional value created over and above the original value of something. In the context of medicine, it refers to the additional value created in the healthcare sector through improved patient outcomes, increased efficiency, and enhanced patient satisfaction.
Related Terms
- Value-Based Healthcare: A healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient health outcomes.
- Patient Satisfaction: A measure of the extent to which a patient is content with the healthcare they have received.
- Healthcare Quality: The degree to which health services for individuals and populations increase the likelihood of desired health outcomes and are consistent with current professional knowledge.
- Healthcare Efficiency: The optimal use of resources to achieve the desired health outcomes.
See Also
External links
- Medical encyclopedia article on Value added
- Wikipedia's article - Value added
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