Health Science Centers / Schools of Medicine

For health science centers and schools of medicine, having the right adviser to help ensure financial sustainability and operational efficiency is mission critical.

Health Science Centers / Schools of Medicine

Academic healthcare organizations and their associated research enterprises serve as the linchpin of the tripartite mission, regardless of an AMC's structure. While technology is racing ahead and interest in more advanced medicine is spreading through the general population, funding for the necessary research is lacking. AMCs face tremendous budget pressure and often struggle to ensure that even the most promising and impactful research projects are supported. For health science centers and schools of medicine, having the right adviser to help ensure financial sustainability and operational efficiency is mission critical.

Our Services Include:
AMC Wide Funds Flow Design

AMCs have always relied on a series of inter- and intra-entity financial arrangements to distribute resources across the enterprise. At many institutions, these funds flows are outdated, administratively burdensome, and so complex that their effectiveness has become questionable. We work closely with AMC executives and their boards to help redesign organizational and financial structures between and among colleges of medicine, teaching hospitals, and affiliated physician organizations. This involves designing and implementing modern arrangements to efficiently and rationally distribute resources, including:

  • Clinical funds flow.
  • Education funds flow.
  • Research funding and models.
  • Mission support arrangements.

The way that physicians are compensated is changing as care models and incentives evolve. We know how important it is to build consensus among stakeholders and develop standards that can apply across departments and divisions while recognizing specialty-specific nuances. ECG supports organizations in the design and implementation of contemporary faculty compensation plans that align with the goals, objectives, and financial realities of academic health systems, medical schools and faculty group practices. We focus on the alignment of faculty compensation and work expectations by mission, and the development of performance-based incentive models that recognize clinical, teaching, and research efforts.

Our proven track record helping organizations improve GME financial and operational performance is unmatched. We have a deep understanding of Medicare GME reimbursement, ACGME accreditation requirements, GME affiliations, and the variety of organizational and oversight models. We work regularly with university- and community-based training programs and have helped numerous health systems to establish GME programs for the first time.

We take great care in developing tailored recommendations to support necessary changes for health science canters and schools of medicine across financial management, resource allocation, and organizational structure.

Such initiatives often include:

  • Department reviews of effort, production, and finances.
  • Discussion of financial sustainability plans and fund distribution methodologies.
  • Redesign of administrative infrastructure.

From planning to optimization, our consultants have the experience and expertise needed to create research affiliations between universities and their health system partners, and to optimize their research enterprise. Through improved operational and financial performance, regulatory compliance and prioritized strategic planning, we help our clients to align research programs and investments with the clinical and education missions.

In response to recent market dynamics, AMCs around the county are finding themselves under immense pressure to reorganize, expand their clinical footprint, and modernize their existing affiliations and/or partnerships. Choosing the right adviser and structuring affiliations that are in the best interests of all parties involved is a complicated and often politically sensitive endeavor. We help clients execute strategic partnerships that account for market dynamics, aligning the strategic and financial interests of all parties to build lasting partnerships.

Our services include:

  • Multiparty academic affiliation agreements.
  • Academic/community clinical affiliations.
  • Physician alignment strategies.
  • Key service line/programmatic partnerships.
  • Joint operating agreements/master service agreements.
Health Science Centers / Schools of Medicine

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Health Science Centers / Schools of Medicine

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Articles

Aligning Institutional Research Investment with Clinical Strategy: A Future-Focused Approach

With shrinking clinical margins, AMCs are increasingly focused on ensuring institutional expenses and investments are tightly aligned with the organization’s clinical strategy. For AMCs to strategically manage their institutional investments, they must first understand the full extent of their expenditures, especially with regards to research.

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BLOG
Unpacking the Omnibus Spending Measure’s Impact on Research in Academic Medical Centers

On March 23, 2018, Congress passed one of the largest research funding increases in nearly a decade through the omnibus spending measure. In this blog post we take a closer look at the spending measure.

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ARTICLES
Research Strategies for Academic Medical Centers: A Framework for Advancements Toward Translational Excellence

This article presents a simplified research strategy framework for AMCs to use to address their research enterprise priorities.

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BLOG
Apple Targets Clinical Research With Second Foray Into Healthcare

Apple has a way of transforming entire industries. With ResearchKit, can the tech giant change the way researchers conduct clinical trials?

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