SlideShare a Scribd company logo
1 of 11
Download to read offline
Agenda-setting books: Healthy reading
There is an array of books on how health care
should best be managed. Here, we present our
pick of the prescriptions.
© Copyright 2013 London Business School
Reengineering Health Care: A Manifesto for Radically Rethinking
Health Care Delivery
by Jim Champy and Harry Greenspun (FT Press, 2010)
Champy was co-author of the landmark book, Re-engineering the
Corporation, which showed how businesses could retool the
processes they used to achieve dramatic cost savings, greater
customer satisfaction and more value. In this book, he and his coauthor (a doctor of medicine) show how this proven re-engineering
methodology can be applied to health care (including physician
practices, hospitals and whole health systems) to improve quality,
reduce costs and expand access. They urge a focus on prevention
and wellness, explore ways to use technology to better deliver
services and reduce costs, and provide examples of successes, such
as Lenox Hill Hospital’s ER.

BUSINESS STRATEGY REVIEW

1
The Innovator’s Prescription: A Disruptive Solution for
Health Care
by Clayton M. Christensen, Jerome H. Grossman and Jason
Hwang (McGraw-Hill, 2008)
Christensen is the author of the best-selling The Innovator’s
Dilemma, which explored how the development of new
technologies can create an entirely new value proposition,
disrupting the normal results of innovation. Here he and his coauthors (both doctors) look at the technological enablers of
disruption in order to explain how various aspects of the health
care system such as the hospital business model, the physician
practice business model, the reimbursement system and medical
education can be effectively disrupted to produce more costeffective and accessible health care.
BUSINESS STRATEGY REVIEW

2
Redefining Health Care: Creating Value-Based Competition on
Results
by Michael E. Porter and Elizabeth Olmsted Teisberg (Harvard
Business School Press, 2006)
Porter and Teisberg (authorities on strategy, competition and innovation)
propose a focus on value (as measured by health outcomes per dollar
expended) to reform the health care system. As current competition in
the health care field has failed to provide an accessible, equitable
system at reasonable cost, they assert that the nature of competition
itself must be reformed. It’s not acceptable for providers to shift costs,
increase bargaining power or deny services to patients in need. The key
is to provide real value for patients, not excessive profits for health care
providers. By boosting competition in the diagnosis, treatment, and
prevention of specific health conditions, hospitals, doctors, health plans,
employers and policy makers can truly revolutionise health care
BUSINESS STRATEGY REVIEW

3
Healthcare Management
edited by Keiran Walshe and Judith Smith (Open University
Press, 2006)
This volume, aimed at researchers, managers and health care
policymakers, examines the health care practices and policies that
pose the greatest challenge to those managing health care
organisations. It looks at different health care sectors (such as
primary care, acute care and mental health; partnerships with other
agencies; and health care information systems and technology) in
order to provide guidance to those in training or in the field who
want a guide to the theories, issues and skills needed for effective
leadership. The chapters include self-test exercises, summary
boxes, further reading and lists of Web-based resources.

BUSINESS STRATEGY REVIEW

4
Leadership for Healthcare
by Jean Hartley and John Benington (Policy Press, 2010)
Aimed at those who have leadership positions in health care
organisations, especially the British National Health Service
(as well as those in government, education, housing, leisure
services, the police, fire services and the voluntary sector),
this book provides a set of a half-dozen lenses aimed at
exploring the leadership literature relevant to health care. It
looks beyond the idea of leadership as something performed
by an individual, arguing instead that leadership must be
understood and developed in terms of the actions and
practices of many people within a broad range of areas that
affect the health of the population.
BUSINESS STRATEGY REVIEW

5
Chaos and Organization in Health Care
by Thomas H. Lee and James J. Mongan (MIT Press, 2009)
These two doctors believe that tight organisational structures will
help put an end to the chaos in the current system that results in
high costs and inefficient care. They explore a number of specific
examples of successes (such as Geisinger Health Systems and
Virginia Mason Medical Centre) to show changes that work –
including salaried physicians, electronic medical records and
other technologies, aggressive treatment regimes, programmes
to coordinate the care of the sickest patients and team-based
care. Although they present many ways that they believe costs
can be lowered, there is very little in the way of detailed financial
analyses of these ideas.
BUSINESS STRATEGY REVIEW

6
Management Lessons from Mayo Clinic: Inside One of the
World’s Most Admired Service Organisations
by Leonard L. Berry and Kent D. Seltman (McGraw-Hill, 2008)
Based on numerous in-depth interviews and observations of staff,
patients, clinicians and the interactions between them, the book is
filled with praise for this remarkably successful institution; but it fails
to offer comparisons to other institutions or specifics on how things
that make Mayo special could be replicated. It is, however, useful
for concrete examples of approaches that work at Mayo, including
the team approach to health care (made easier by the fact that all of
its physicians are employed directly by Mayo and are paid on a
salary basis), Mayo’s early entry into integrating medical records
and its use of technology to improve access to those records, as
well as the strong channels of communication between
administrators and physicians.
BUSINESS STRATEGY REVIEW

7
Economic Analysis in Health Care
by Stephen Morris, Nancy Devlin and David Parkin (John
Wiley, 2007)
This comparative study explores the economics of health care
systems and evaluates health care technologies. Basically a
textbook for students with knowledge of economic analysis, it
presents case studies from the UK and other countries and
analyses decision making by individuals, health care providers
and governments. While based in economic theory, it also
explores such diverse subjects as the behaviour of patients,
doctors and hospitals, and analytical techniques developed to
aid in decisions about resource allocation. It carefully explains
that health choices must be made on the basis of how much
health care costs, who pays for it and how it is distributed.
BUSINESS STRATEGY REVIEW

8
The Healing of America: A Global Quest for Better, Cheaper,
and Fairer Health Care
by T.R. Reid (Penguin, 2009)
The author compares health care services across the globe, a
study triggered by his own experiences while seeking help for a
chronic problem in the countries in which he served as a
Washington Post correspondent. His health condition led him to
travel around the world, visiting doctors in places as diverse as
Britain, Taiwan, France, Germany, Sweden and India to see how
their systems differed. He discovered that, in most nations, health
care costs are far lower than in the United States, while the
outcomes are better. He notes the problems of other countries as
well as their successes and points to the universal problems
arising as a result of aging populations and the development of
expensive new technologies.
BUSINESS STRATEGY REVIEW

9
This was first published in Business Strategy
Review Volume 21 Issue 4 – 2010
Visit our website www.london.edu/bsr

BUSINESS STRATEGY REVIEW

10

More Related Content

More from London Business School

More from London Business School (20)

Portfolio Construction Today
Portfolio Construction TodayPortfolio Construction Today
Portfolio Construction Today
 
Partners Capital View of the Future of Private Equity Investing
Partners Capital View of the Future of Private Equity InvestingPartners Capital View of the Future of Private Equity Investing
Partners Capital View of the Future of Private Equity Investing
 
Risk taking the ATP way
Risk taking the ATP wayRisk taking the ATP way
Risk taking the ATP way
 
Is factor investing a bubble?
Is factor investing a bubble?Is factor investing a bubble?
Is factor investing a bubble?
 
Sharpening the Arithmetic of Active Management
Sharpening the Arithmetic of Active ManagementSharpening the Arithmetic of Active Management
Sharpening the Arithmetic of Active Management
 
Money management in equilibrium
Money management in equilibrium Money management in equilibrium
Money management in equilibrium
 
The ten commandments of business innovation | London Business School
The ten commandments of business innovation | London Business SchoolThe ten commandments of business innovation | London Business School
The ten commandments of business innovation | London Business School
 
Soren Jensen and London Business School - Driving organisational change
Soren Jensen and London Business School - Driving organisational changeSoren Jensen and London Business School - Driving organisational change
Soren Jensen and London Business School - Driving organisational change
 
Corporate Governance Through Voice and Exit: Evidence from Standard Life Inve...
Corporate Governance Through Voice and Exit: Evidence from Standard Life Inve...Corporate Governance Through Voice and Exit: Evidence from Standard Life Inve...
Corporate Governance Through Voice and Exit: Evidence from Standard Life Inve...
 
Telenor and London Business School
Telenor and London Business SchoolTelenor and London Business School
Telenor and London Business School
 
Smurfit Kappa and London Business School
Smurfit Kappa and London Business SchoolSmurfit Kappa and London Business School
Smurfit Kappa and London Business School
 
Systemic Risk in the Asset Management Industry
Systemic Risk in the Asset Management IndustrySystemic Risk in the Asset Management Industry
Systemic Risk in the Asset Management Industry
 
Myths and Realities of ETFs and Index Investing
Myths and Realities of ETFs and Index InvestingMyths and Realities of ETFs and Index Investing
Myths and Realities of ETFs and Index Investing
 
Systemic Risk in Asset Management
Systemic Risk in Asset Management Systemic Risk in Asset Management
Systemic Risk in Asset Management
 
Nordea and London Business School
Nordea and London Business School Nordea and London Business School
Nordea and London Business School
 
5 top reads on human potential | London Business School
5 top reads on human potential | London Business School5 top reads on human potential | London Business School
5 top reads on human potential | London Business School
 
AQR Systematic Investing in Credit Markets
AQR Systematic Investing in Credit MarketsAQR Systematic Investing in Credit Markets
AQR Systematic Investing in Credit Markets
 
Curse of the Benchmarks
Curse of the BenchmarksCurse of the Benchmarks
Curse of the Benchmarks
 
Asset Allocations in Pension Plans
Asset Allocations in Pension PlansAsset Allocations in Pension Plans
Asset Allocations in Pension Plans
 
Private Equity: A frontier or nearing center stage?
Private Equity: A frontier or nearing center stage? Private Equity: A frontier or nearing center stage?
Private Equity: A frontier or nearing center stage?
 

Recently uploaded

Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.
MateoGardella
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 

Recently uploaded (20)

Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writing
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 

Healthy Reading List - Business Strategy Review

  • 1. Agenda-setting books: Healthy reading There is an array of books on how health care should best be managed. Here, we present our pick of the prescriptions. © Copyright 2013 London Business School
  • 2. Reengineering Health Care: A Manifesto for Radically Rethinking Health Care Delivery by Jim Champy and Harry Greenspun (FT Press, 2010) Champy was co-author of the landmark book, Re-engineering the Corporation, which showed how businesses could retool the processes they used to achieve dramatic cost savings, greater customer satisfaction and more value. In this book, he and his coauthor (a doctor of medicine) show how this proven re-engineering methodology can be applied to health care (including physician practices, hospitals and whole health systems) to improve quality, reduce costs and expand access. They urge a focus on prevention and wellness, explore ways to use technology to better deliver services and reduce costs, and provide examples of successes, such as Lenox Hill Hospital’s ER. BUSINESS STRATEGY REVIEW 1
  • 3. The Innovator’s Prescription: A Disruptive Solution for Health Care by Clayton M. Christensen, Jerome H. Grossman and Jason Hwang (McGraw-Hill, 2008) Christensen is the author of the best-selling The Innovator’s Dilemma, which explored how the development of new technologies can create an entirely new value proposition, disrupting the normal results of innovation. Here he and his coauthors (both doctors) look at the technological enablers of disruption in order to explain how various aspects of the health care system such as the hospital business model, the physician practice business model, the reimbursement system and medical education can be effectively disrupted to produce more costeffective and accessible health care. BUSINESS STRATEGY REVIEW 2
  • 4. Redefining Health Care: Creating Value-Based Competition on Results by Michael E. Porter and Elizabeth Olmsted Teisberg (Harvard Business School Press, 2006) Porter and Teisberg (authorities on strategy, competition and innovation) propose a focus on value (as measured by health outcomes per dollar expended) to reform the health care system. As current competition in the health care field has failed to provide an accessible, equitable system at reasonable cost, they assert that the nature of competition itself must be reformed. It’s not acceptable for providers to shift costs, increase bargaining power or deny services to patients in need. The key is to provide real value for patients, not excessive profits for health care providers. By boosting competition in the diagnosis, treatment, and prevention of specific health conditions, hospitals, doctors, health plans, employers and policy makers can truly revolutionise health care BUSINESS STRATEGY REVIEW 3
  • 5. Healthcare Management edited by Keiran Walshe and Judith Smith (Open University Press, 2006) This volume, aimed at researchers, managers and health care policymakers, examines the health care practices and policies that pose the greatest challenge to those managing health care organisations. It looks at different health care sectors (such as primary care, acute care and mental health; partnerships with other agencies; and health care information systems and technology) in order to provide guidance to those in training or in the field who want a guide to the theories, issues and skills needed for effective leadership. The chapters include self-test exercises, summary boxes, further reading and lists of Web-based resources. BUSINESS STRATEGY REVIEW 4
  • 6. Leadership for Healthcare by Jean Hartley and John Benington (Policy Press, 2010) Aimed at those who have leadership positions in health care organisations, especially the British National Health Service (as well as those in government, education, housing, leisure services, the police, fire services and the voluntary sector), this book provides a set of a half-dozen lenses aimed at exploring the leadership literature relevant to health care. It looks beyond the idea of leadership as something performed by an individual, arguing instead that leadership must be understood and developed in terms of the actions and practices of many people within a broad range of areas that affect the health of the population. BUSINESS STRATEGY REVIEW 5
  • 7. Chaos and Organization in Health Care by Thomas H. Lee and James J. Mongan (MIT Press, 2009) These two doctors believe that tight organisational structures will help put an end to the chaos in the current system that results in high costs and inefficient care. They explore a number of specific examples of successes (such as Geisinger Health Systems and Virginia Mason Medical Centre) to show changes that work – including salaried physicians, electronic medical records and other technologies, aggressive treatment regimes, programmes to coordinate the care of the sickest patients and team-based care. Although they present many ways that they believe costs can be lowered, there is very little in the way of detailed financial analyses of these ideas. BUSINESS STRATEGY REVIEW 6
  • 8. Management Lessons from Mayo Clinic: Inside One of the World’s Most Admired Service Organisations by Leonard L. Berry and Kent D. Seltman (McGraw-Hill, 2008) Based on numerous in-depth interviews and observations of staff, patients, clinicians and the interactions between them, the book is filled with praise for this remarkably successful institution; but it fails to offer comparisons to other institutions or specifics on how things that make Mayo special could be replicated. It is, however, useful for concrete examples of approaches that work at Mayo, including the team approach to health care (made easier by the fact that all of its physicians are employed directly by Mayo and are paid on a salary basis), Mayo’s early entry into integrating medical records and its use of technology to improve access to those records, as well as the strong channels of communication between administrators and physicians. BUSINESS STRATEGY REVIEW 7
  • 9. Economic Analysis in Health Care by Stephen Morris, Nancy Devlin and David Parkin (John Wiley, 2007) This comparative study explores the economics of health care systems and evaluates health care technologies. Basically a textbook for students with knowledge of economic analysis, it presents case studies from the UK and other countries and analyses decision making by individuals, health care providers and governments. While based in economic theory, it also explores such diverse subjects as the behaviour of patients, doctors and hospitals, and analytical techniques developed to aid in decisions about resource allocation. It carefully explains that health choices must be made on the basis of how much health care costs, who pays for it and how it is distributed. BUSINESS STRATEGY REVIEW 8
  • 10. The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care by T.R. Reid (Penguin, 2009) The author compares health care services across the globe, a study triggered by his own experiences while seeking help for a chronic problem in the countries in which he served as a Washington Post correspondent. His health condition led him to travel around the world, visiting doctors in places as diverse as Britain, Taiwan, France, Germany, Sweden and India to see how their systems differed. He discovered that, in most nations, health care costs are far lower than in the United States, while the outcomes are better. He notes the problems of other countries as well as their successes and points to the universal problems arising as a result of aging populations and the development of expensive new technologies. BUSINESS STRATEGY REVIEW 9
  • 11. This was first published in Business Strategy Review Volume 21 Issue 4 – 2010 Visit our website www.london.edu/bsr BUSINESS STRATEGY REVIEW 10