Today, I had the opportunity to chair a session on value-Based Healthcare at Nova School of Public Health—a session with some of my favorite people and renowned international experts in the field. Elizabeth Teisberg and Scott Wallace were the speakers.

Elizabeth Teisberg is the co-author of the book “Redefining Health Care,” and a leading voice in value-based healthcare. I’ve grown professionally reading Elizabeth’s work. She advocates for a patient-centric approach where healthcare providers are compensated based on the value they deliver to their patients. Her research serves as a testament to the viability and necessity of value-based healthcare in today’s healthcare landscape.

Scott Wallace is a friend that I had the pleasure of working with on different occasions. He is a distinguished health policy expert with over three decades of experience. He has been instrumental in forming health policy in the United States and continues influencing domestic and international healthcare reform initiatives. His expertise and passion for creating a fair, high-value healthcare delivery system are compelling.

Scott and Elizabeth have created The Value Institute at the University of Texas in Austin. The institute is dedicated to enhancing the value and impact of healthcare through research and education. Focusing on patient-centered care, the institute conducts innovative studies, disseminates evidence-based practices, and trains current and future healthcare leaders. Its interdisciplinary approach includes collaboration across specialties and institutions, fostering a rich environment for learning and discovery. The institute’s contributions to the field are significant and far-reaching, influencing healthcare policy and practice nationally and internationally.

Restoring healthcare

Scott and Elizabeth presented the keynote on “Restoring Healthcare” and also had the opportunity to discuss Portuguese cases where healthcare organizations have already adopted value-based healthcare. There are still several challenges facing healthcare organizations in its adoption. Implementing value-based healthcare may require significant organizational structure and culture changes, which can be challenging. To fully adopt value-based healthcare, a shift in education is necessary. Medical and public health schools and healthcare providers need to emphasize the importance of patient outcomes and decreasing healthcare costs through efficient practices. Value-based healthcare education should include training programs, workshops, and seminars highlighting how implementing value-based care strategies can lead to better patient outcomes, more efficient care models, and lower healthcare costs. This education can lead to a cultural shift where value-based care is no longer an abstract concept but an actual practice that benefits patients and providers alike.

Healthcare transformation and education

For Nova School of Public Health, it was a starting point for the collaboration with The Value Institute, recognizing the importance of value-based healthcare and its role in promoting it by developing a curriculum and education focusing on it. Soon, we can offer value-based healthcare courses within our post-graduate master and executive training programs. Today’s conference reveals this compromise with value-based healthcare development.