* * * * * This post sponsored by PwC. * * * * *
The nation’s academic medical centers (AMCs) are the nexus of research, education and clinical care in the $3.6 trillion US health industry, serving millions of people every year during some of the most physically and mentally challenging times of their lives. And yet these important institutions are facing intensifying pressures at a time of profound change in their industry. While their position in the industry is crucial, America’s AMCs likely will need to make some dramatic changes if they are to continue to thrive.
The tripartite mission is expanding
To continue to fulfill the tripartite mission and be competitive, over the next decade AMCs will become hybrids of two or three of the four provider system models of the future
If they instead choose the status quo their margins are at risk of staying small or eroding, meaning they may not be able to bring value around training and research as they can today.
The Product Leader-Health Manager was the most popular hybrid selected by AMC executives
Recommendations
Over the next decade, America’s AMCs will compete aggressively to solidify their positions in a rapidly changing health landscape, building on their unique strengths to create new differentiators. All AMCs, regardless of the business models they choose, will need to heed five key recommendations as the tripartite mission broadens.
Want to learn more? Download the full report here: https://www.pwc.com/us/futureacademicmedicalcenters, or reach out to any of the following:
Christine Freyermuth
PwC Assurance Partner
Northeast Health Services Leader
Tel: +1 (617) 530 4507
christine.s.freyermuth@pwc.com
Gwen Spencer
PwC Tax Partner, Health Services
Tel: +1 (617) 530 4120
gwen.spencer@pwc.com
Joshua Cahn
PwC Advisory Principal, Health Services
Tel: +1 (617) 530 4210
joshua.cahn@pwc.com
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