This document discusses value-based healthcare initiatives at Erasmus MC in Rotterdam, Netherlands. It provides details on: 1) Defining outcome measures and collecting data on outcomes and patient characteristics for various conditions through tools like Gemstracker to enable value-based care. 2) Measuring costs using time-driven activity based costing to understand spending. 3) Creating multidisciplinary teams focused on specific conditions to improve quality, efficiency and value through continuous measurement, analysis and quality improvement efforts. The goal is to continually improve value for patients by understanding outcomes that matter to them, benchmarking performance, and ensuring best care is delivered at sustainable costs.