Posted today at

Any bill serious about health care reform needs to demand that the industry take advantage of readily available and dramatically improved measurement methods. We manage what we measure, and 99% of existing outcome measures are measures in name only. A kind of metric system for outcomes could provide standard product definitions, could effect huge reductions in information transaction costs, and could bring about a whole new magnitude of market efficiencies. Far from being a drag on the system, the profit motive is the best source of energy we have for driving innovation and resetting the cost-quality equation. But the disastrously low quality of our measures corrupts the data and prevents informed decision making by consumers and quality improvement experts. Any health care reform effort that does not demand improved measurement is doomed to fall far short of the potential that is within our reach. For more information, see,,, or

Creative Commons License
LivingCapitalMetrics Blog by William P. Fisher, Jr., Ph.D. is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.
Based on a work at
Permissions beyond the scope of this license may be available at

Tags: , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: