Derek Chao joins Greater Good Health to strengthen value-based care strategies
- Derek Chao, MD is appointed as an independent board member of Greater Good Health.
- He brings over two decades of experience in value-based care and has held leadership roles at renowned healthcare organizations.
- Dr. Chao’s appointment is expected to significantly enhance Greater Good Health’s strategic direction in managing healthcare costs.
On May 19, 2025, Greater Good Health, a leading organization focused on risk-bearing healthcare, announced the appointment of Derek Chao, MD as an independent board member. Dr. Chao currently serves as the Chief Executive Officer of Optum West and has more than two decades of experience in the field of value-based care strategy. His expertise encompasses key leadership roles at several reputable healthcare organizations, including Optum, DaVita Medical Group, and Healthcare Partners, which will enhance Greater Good Health’s strategic initiatives in managing healthcare costs effectively. The focus of Greater Good Health is on improving healthcare services while managing total costs through innovative strategies. As medical expenses continue to rise and healthcare organizations face increasing challenges, the appointment of Dr. Chao is viewed as crucial for guiding the organization’s direction and addressing these rising costs. Tyler Jung, MD, Chief Medical Officer of Greater Good Health, emphasized the value of Dr. Chao’s experience in navigating value-based care, stating that his involvement will help the organization scale effectively and manage medical cost issues. Dr. Chao expressed his commitment to expanding value-based care, aligning his professional goals with those of Greater Good Health. He highlighted the importance of a comprehensive approach to managing healthcare costs and optimizing patient outcomes. As organizations across the industry work toward pragmatic solutions to healthcare challenges, Dr. Chao is poised to contribute significantly to the strategic vision of Greater Good Health. The introduction of a nurse practitioner-led model by Greater Good Health aims to solve the national challenges of rising medical costs and the shortage of primary care physicians. This innovative approach is geared toward reducing unnecessary costs while enhancing patient care and clinical outcomes. The belief is that by integrating experienced professionals such as Dr. Chao into leadership roles, Greater Good Health can continue its mission of improving healthcare delivery and achieving sustainable financial practices within the healthcare ecosystem.