Accurately measuring costs and outcomes is the single most powerful lever we have today for transforming the economics of health care!
From the Harvard Business Review:
Other countries spend less of their GDP on health care but have the same increasing trend. Explanations are not hard to find. The aging of populations and the development of new treatments are behind some of the increase. Perverse incentives also contribute: Thirdparty payors (insurance companies and governments) reimburse for procedures performed rather than outcomes achieved, and patients bear little responsibility for the cost of the health care services they demand.