Shrinking margins and financial pressures have led pediatric providers to revisit long-standing affiliation agreements and explore new modes of partnership. A similar dynamic has unfolded with regard to research enterprises, leading some children’s hospitals to pursue partnerships with nontraditional sources – such as pharmaceutical and biotech companies.
Children’s hospitals and academic institutions have traditionally enjoyed a mutually beneficial relationship. But this arrangement has been such a natural fit for so long that the agreements governing such relationships often go unexamined.
Children’s hospitals need to develop networks and strategic alliances with physicians, health systems, academic affiliates, and research partners in order to flourish within and beyond this era of transformational change.
The prospect of health reform once loomed like storm clouds on the horizon – dark, mammoth, and all but inevitable. Regardless, industry leaders uncertain about the scale of the impact sensed the changing climate and began preparing.
This article introduces some of the institute's strategic design considerations and highlights the importance of partnerships and differentiation in institute design.
The healthcare industry is undergoing a time of unprecedented change that will require hospitals and physicians to work more collaboratively to reduce the cost of care while improving quality.
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