The Changing Ivory Tower: Balancing Mission and Business

Paul B. Rothman; Edward D. Miller; Landon S. King; Ellen F. Gibson

doi:10.1016/B978-0-12-800762-4.00001-3

The Changing Ivory Tower: Balancing Mission and Business

Paul B. Rothman, Edward D. Miller, Landon S. King, Ellen F. Gibson

School of Medicine

Research output: Chapter in Book/Report/Conference proceeding › Chapter

1 Scopus citations

Abstract

There are tremendous challenges involved in balancing mission and money in health care. Academic health centers (AHCs) need sufficient margins and public support to subsidize the important work they do caring for society's sickest patients, pioneering new medical technologies, making biomedical discoveries, and educating future physicians. The business landscape for AHCs in the United States is changing rapidly due to legislative reforms, growing competition, and the urgent need to control health care expenditures. To continue leading the way in medicine, AHCs are breaking from tradition and implementing sustainable, forward-looking changes in all three areas of the mission (research, education, clinical care).

Original language	English (US)
Title of host publication	The Transformation of Academic Health Centers
Subtitle of host publication	Meeting the Challenges of Healthcare's Changing Landscape
Publisher	Elsevier Inc.
Pages	3-12
Number of pages	10
ISBN (Electronic)	9780128010044
ISBN (Print)	9780128007624
DOIs	https://doi.org/10.1016/B978-0-12-800762-4.00001-3
State	Published - Apr 7 2015

Keywords

Challenges
Efficiency
Finances
Medicine
Mission
Money
Obamacare
Protocol
Reform
Research
Training

ASJC Scopus subject areas

General Medicine

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10.1016/B978-0-12-800762-4.00001-3

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title = "The Changing Ivory Tower: Balancing Mission and Business",

abstract = "There are tremendous challenges involved in balancing mission and money in health care. Academic health centers (AHCs) need sufficient margins and public support to subsidize the important work they do caring for society's sickest patients, pioneering new medical technologies, making biomedical discoveries, and educating future physicians. The business landscape for AHCs in the United States is changing rapidly due to legislative reforms, growing competition, and the urgent need to control health care expenditures. To continue leading the way in medicine, AHCs are breaking from tradition and implementing sustainable, forward-looking changes in all three areas of the mission (research, education, clinical care).",

keywords = "Challenges, Efficiency, Finances, Medicine, Mission, Money, Obamacare, Protocol, Reform, Research, Training",

author = "Rothman, {Paul B.} and Miller, {Edward D.} and King, {Landon S.} and Gibson, {Ellen F.}",

note = "Funding Information: The research enterprise, too, has a symbiotic relationship with the educational operation. Graduate students staff research labs and perform much of the day-to-day work required. In exchange, they gain valuable hands-on experience and mentoring from the university{\textquoteright}s research faculty, whose salaries are often supported by grants. Funding Information: In the meantime, AHCs should work to diversify their sources of funding. For instance, Johns Hopkins is accelerating efforts to tap non-NIH federal support in the form of grants from the Department of Defense, the NSF, CMS, and the new Patient-Centered Outcomes Research Institute (PCORI). We are also relying on donations from philanthropists and private foundations more than ever before. Publisher Copyright: {\textcopyright} 2015 Elsevier Inc. All rights reserved.",

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N1 - Funding Information: The research enterprise, too, has a symbiotic relationship with the educational operation. Graduate students staff research labs and perform much of the day-to-day work required. In exchange, they gain valuable hands-on experience and mentoring from the university’s research faculty, whose salaries are often supported by grants. Funding Information: In the meantime, AHCs should work to diversify their sources of funding. For instance, Johns Hopkins is accelerating efforts to tap non-NIH federal support in the form of grants from the Department of Defense, the NSF, CMS, and the new Patient-Centered Outcomes Research Institute (PCORI). We are also relying on donations from philanthropists and private foundations more than ever before. Publisher Copyright: © 2015 Elsevier Inc. All rights reserved.

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N2 - There are tremendous challenges involved in balancing mission and money in health care. Academic health centers (AHCs) need sufficient margins and public support to subsidize the important work they do caring for society's sickest patients, pioneering new medical technologies, making biomedical discoveries, and educating future physicians. The business landscape for AHCs in the United States is changing rapidly due to legislative reforms, growing competition, and the urgent need to control health care expenditures. To continue leading the way in medicine, AHCs are breaking from tradition and implementing sustainable, forward-looking changes in all three areas of the mission (research, education, clinical care).

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KW - Efficiency

KW - Finances

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KW - Mission

KW - Money

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KW - Protocol

KW - Reform

KW - Research

KW - Training

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ER -

The Changing Ivory Tower: Balancing Mission and Business

Abstract

Keywords

ASJC Scopus subject areas

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