Investiture Ceremony of Elizabeth Teisberg, Ph.D.

Investiture Ceremony of

Elizabeth Teisberg, Ph.D. Cullen Trust for Higher Education Distinguished Universi Chair in Value-Based Care for Dell Medical School

ursday, April 21, 2022 | 4 p.m.

Program Welcome and Opening Remarks C. Martin Harris, M.D., MBA Associate Vice President of the Health Enterprise and Chief Business Officer, Dell Medical School Interim Vice President for Medical Affairs, UT Austin George Macones, M.D., MSCE Interim Dean, Dell Medical School Chair, Department of Women’s Health Keynote Elizabeth Teisberg, Ph.D. Executive Director, Value Institute for Health and Care Professor, Department of Medical Education, Dell Medical School Professor, Department of Business, Government and Society, McCombs School of Business Presentation of Medallion Charles D. Fraser, Jr., M.D. Executive Director, Texas Center for Pediatric & Congenital Heart Disease Executive Director, Institute for Cardiovascular Health Professor, Department of Surgery and Perioperative Care Professor, Department of Pediatrics Closing Remarks George Macones, M.D., MSCE

Elizabeth Teisberg, Ph.D. Elizabeth Teisberg, Ph.D., serves Dell Medical School and McCombs School of Business as executive director of the Value Institute for Health and Care.

Co-creator of the concept of valuebased health care delivery, Teisberg is best known for writing “Redefining Health Care: Creating Value-Based Competition on Results,” which she coauthored with Michael E. Porter.

Teisberg is an expert in transformational innovation and the implementation of high-value health care. In addition to being an integral member of the leadership team and faculty at Dell Medical School and a professor at McCombs School of Business, she is a senior associate at Harvard’s Institute for Strategy and Competitiveness.

Teisberg earned her Ph.D. in engineering at Stanford University. She previously served on the faculties of Dartmouth’s Geisel School of Medicine, the University of Virginia’s Darden School of Business and the Harvard Business School.

“

Business acumen offers powerful insight into measuring and improving results for the people it serves; health care needs that dynamic.”

– Elizabeth Teisberg, Ph.D.

About the Cullen Trust for Higher Education The Cullen Trust for Higher Education is one of three trusts that are part of the larger Cullen Foundation, which has distributed more than $560 million in grants since its inception in 1947. Established by Hugh Roy and Lillie Cranz Cullen, the Cullen Foundation has given generously to support cultural arts, education, health care and public service in Texas. Cullen family members still take active roles as directors of the foundation, continuing the legacy of giving initiated by Mr. and Mrs. Cullen during their lives.

About the Value Institute for Health and Care Launched by Dell Medical School in 2017, the Value Institute helps organizations, including Dell Medical School’s clinical operation, UT Health Austin, create and implement high-value health care delivery. The Value Institute is an internationally recognized expert resource for high-value health care implementation and measurement, and for relationship-centered care solutions. The Value Institute also works to transform health care through education, offering a unique Master of Science in Health Care Transformation and executive education workshops focused on the how-to of leading, implementing and paying for high-value health care.

Through transformation, education and thought leadership, the institute serves as a resource for those seeking to catalyze and accelerate change in how health care is delivered.

History of the Endowed Chair Endowed chairs are a powerful tradition with a lasting legacy. Lady Margaret Beaufort, mother of King Henry VII, established the first named chair in England in 1502 at Cambridge and Oxford universities. Five centuries later, her endowed gift continues to support distinguished faculty members.

Today, holding an endowed chair remains one of the highest honors in academia — and recognizes excellence in research, education and care. These prestigious positions are made possible by generous donors who have invested in ensuring visionary health transformation and leadership at Dell Medical School.

Medallions are presented to endowed chairholders during a formal investiture ceremony. The medallion serves as a tribute to the generosity of the donors and to the outstanding accomplishments of the chairholder.

Our Mission

Our Vision

Revolutionize how people get and stay healthy by:

A vital, inclusive health ecosystem: •

• • • • •

Improving health in our community as a model for the nation; Evolving new models of personcentered, multidisciplinary care that reward value; Accelerating innovation and research to improve health; Educating leaders who transform health care; and Redesigning the academic health environment to better serve society

• •

Vital: Vigorous, animated, full of life and energy, dynamic Inclusive: Open to everyone Ecosystem: The complex of a community and its environment functioning as a system