Returning Health Care to Its Purpose: Health
In health care, value is created by improving the health outcomes that matter most to individuals and families. This value is increased when it is achieved with less expense and less time. The University of Texas at Austin’s Dell Medical School and McCombs School of Business created the Value Institute for Health and Care to accelerate the transformation to high-value health care delivery.
While today’s health system includes many individual examples of high-value care, achieving it at scale requires restructuring health and care services around the needs of individuals and around the relationships that enable health. The aspiration of the Value Institute team is that excellent outcomes from supportive, kind, safe and efficient care become the norm.
Elizabeth Teisberg and Scott Wallace, who work with organizations around the world to implement high-value health care, lead the institute. Their work builds on Teisberg’s 2006 book “Redefining Health Care: Creating Value-Based Competition on Results,” co-authored with Harvard Business School’s Michael E. Porter, which introduced the concept of value to health care delivery.
Through education, research and thought leadership, the institute serves as a resource for those seeking to catalyze change in how health care is delivered.