Understanding Healthcare’s Value Chain

Value is an ambiguous term in healthcare. It could refer to a number of things—the speed of delivery, the quality, the availability, or perhaps even the cost of care. However, as countries like Australia continue to address the rising budgetary costs of healthcare, questions are being asked about how we should define value in healthcare. As nurses and midwives, understanding how the economic realities underpinning healthcare delivery affect our roles, our employment, our managers, and most importantly our patients is essential.
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