Visionary Support from Veale Foundation will establish University Hospitals Veale Healthcare Transformation Institute

A new visionary gift from the Veale Foundation will establish the University Hospitals Veale Healthcare Transformation Institute. The support represents a growing investment from the Veale Foundation in value-based care initiatives at UH and brings the foundation’s total support to $23.5 million.

“Healthcare today tells a story of scarcity it harms too often, costs too much and learns and improves too slowly. It’s daunting work, but there is an urgent need to improve value for patients and hospitals alike,” said Peter J. Pronovost, MD, PhD, FCCM, who also holds the Veale Distinguished Chair in Leadership and Clinical Transformation. “The UH Veale Institute has the potential to revolutionize healthcare, tell the story of abundance and produce more of what matters to us all.”

In June 2023, UH launched the Veale Initiative for Healthcare Transformation, a two-year pilot program to improve patient value by reducing costs, enhancing quality and eliminating waste. Under the leadership of Dr. Pronovost, the initiative confronted high-value problems within healthcare today, such as hospital lengths of stay and the factors inhibiting nurse productivity. The initiative found quick success and made clear and demonstrable impact; as a result, the Veale Foundation has increased their support and UH has established an institute dedicated to the effort.

“Healthcare transformation is challenging and complex, but UH knows that it is work worth doing,” said foundation chairman Daniel P. Harrington. “We are thrilled by the impact – both quantitative and qualitative – that Dr. Pronovost and his team have already made.”

The new gift builds on the incredible momentum of UH’s Because of You campaign and will further the health system’s commitment to discovery and innovation. News of the gift and the new institute were announced at a UH campaign event last week in Cleveland.

“University Hospitals is deeply grateful to the Veale Foundation for its visionary and unprecedented support to transform healthcare,” said Cliff A. Megerian, MD, FACS, UH Chief Executive Officer, Jane and Henry Meyer Chief Executive Officer Distinguished Chair. “Together, we can continue to expand our scope, bettering UH, Cleveland and beyond.”