Working closely with executive, clinical, and academic leaders as well as THI legal counsel, ECG facilitated an iterative process over the course of two years.

In the first phase of work, ECG helped to develop THMG through a comprehensive design process focused on its organization and corporate structure, governance and leadership, and funds flow arrangements. We facilitated discussions with interested private practice groups and conducted financial due diligence; performed financial feasibility analyses to ascertain the required working capital and model a detailed projected income statement for THMG’s formation; and recommended key terms and strategies for a professional services agreement between THI and BSLMC.

ECG subsequently reviewed THI and BCM’s research activity, medical education programs, and historical planning efforts through a series of stakeholder interviews and data analysis. We then facilitated a process to reach consensus for major terms of the academic affiliation that would provide a foundation for the shared advancement of both THI and BCM.

Finally, ECG helped facilitate the development of a new strategic plan with the aim of integrating THI’s wide range of interconnected initiatives. Drawing upon a comprehensive evaluation of THI’s market position, internal capabilities, and stakeholder interview findings, a fact base was established to inform stakeholders and set a foundation for strategy development. Stakeholders were then engaged though collaborative forums to define clear goals, objectives, measurable outcomes, and timelines across THI’s missions. ECG then provided THI with a cohesive roadmap—including an implementation and communications plan— spanning all mission areas and initiatives of the institute in pursuit of its goal to become a destination.