The value equation: realising value based-health care’s disruptive potential

Adam G. Elshaug

doi:10.1071/AH25116

EDITORIAL

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The value equation: realising value based-health care’s disruptive potential

Adam G. Elshaug

^A ^B ^C ^*

+ Author Affiliations

- Author Affiliations

^A Centre for Health Policy, Melbourne School of Population and Global Health, The University of Melbourne, Level 4, 207 Bouverie Street, Parkville, Vic 3010, Australia.

^B Melbourne Medical School, The University of Melbourne, Parkville, Vic, Australia.

^C The Leeder Centre for Health Policy, Economics and Data, Sydney School of Public Health, Faculty of Medicine and Health, The University of Sydney, Sydney, NSW, Australia.

^* Correspondence to: adam.elshaug@unimelb.edu.au

Australian Health Review 49, AH25116 https://doi.org/10.1071/AH25116

Submitted: 3 June 2025 Accepted: 8 June 2025 Published: 1 August 2025

References

1 NSW Ministry of Health. Future Health – guiding the next decade of care in NSW 2022-2032. St Leonards: NSW Health; 2022. Available at https://www.health.nsw.gov.au/about/nswhealth/Publications/future-health-report.pdf [cited 27 May 2025].

2 NSW Government. Special Commission of Inquiry into Healthcare Funding. 2025. Available at https://www.nsw.gov.au/departments-and-agencies/cabinet-office/resources/special-commissions-of-inquiry/healthcare-funding [cited 26 May 2025].

3 Strengthening Medicare Taskforce. The Strengthening Medicare Taskforce Report, Australian Department of Health and Aged Care. January. 2023. Available at https://www.health.gov.au/committees-and-groups/strengthening-medicare-taskforce [cited 27 May 2025].

4 Porter ME, Teisberg EO. Redefining Health Care: Creating Value-Based Competition on Results. Harvard Business Press; 2006.

5 Karnon J, Partington A, Afzali H. Strategies for Avoiding Neglect of Opportunity Costs by Decision-Makers. Appl Health Econ Health Policy 2022; 20(1): 9-11.
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