A leading figure in the value-based health care strategy movement, Elizabeth Teisberg is Full Professor at the Dell Medical School at the University of Texas at Austin and executive director of an institute being formed. Professor Teisberg is an integral part of the faculty and leadership team at the medical school, the first in decades to be built from the ground-up at a top-tier research university and the only one with a core emphasis on value-based strategy. Here she will focus on strategy, business model creation, person-centered results measurement and design of full cycle, integrated care services.
Professor Teisberg, who is also a senior institute associate at Harvard’s Institute for Strategy and Competitiveness, centers her work on high-value care delivery and implementation of value-based strategy in health care by providers, employers, health plans, pharmaceutical and device companies, patient advocacy organizations, and policy makers. With her deep background in strategy and innovation, and with special attention to the health care sector, she collaborates closely with Michael Porter, renowned authority on competitive strategy. Together they co-authored “Redefining Health Care: Creating Value-Based Competition on Results” (Harvard Business Review Press, 2006), which received the American College of Healthcare Executives’ 2007 James A. Hamilton book of the year award, as well as five other articles on health care and the Harvard Business Review Special Report, “Fixing Competition in U.S. Health Care.”
One of her other Harvard Business Review articles, “Four Ways to Reinvent Service Delivery” (2012), outlines a framework for designing service innovation solutions and discovering new efficiencies to create value. Professor Teisberg’s forthcoming book, “Capability, Comfort and Calm: Designing Health Care Services for Excellence and Empathy” is co-authored with Scott Wallace, who also recently joined the Dell Medical School faculty. Other noted works have appeared in professional publications such as Management Science, Research-Technology Management and the Journal of the American Medical Association. She is also the co-author of “The Portable MBA” (Wiley, 2002), published in five languages.
An international speaker and advisor, Professor Teisberg’s earlier projects have analyzed strategy in medical device and biotech companies, real options, research and development decisions, medical innovation, and strategic response to uncertainty. She received the Wachovia Award for research excellence in 2006 and was honored by the University of Virginia in 2004 with its Frederick S. Morton Leadership Award.
Professor Teisberg came to the Dell Medical School from the faculty at Dartmouth College’s Geisel School of Medicine and the Dartmouth Center for Health Care Delivery Science. She was formerly a professor at the Darden School of Business at the University of Virginia and at the Harvard Business School. She earned a M.S. and a Ph.D. in engineering-economic systems from the Stanford University School of Engineering. She also holds a M. Eng. in systems science from the University of Virginia and an A.B. degree, summa cum laude, in political science and mathematics from Washington University in St. Louis. She is a member of Phi Beta Kappa.