We convened top academic medical center leaders for our AMC Advisory Roundtable in October of 2013. We also conduct regular discussions with a wide array of health care executives, including leaders of health systems, medical groups, insurance companies, and academic institutions. This whitepaper shares some of the key themes that have emerged from those meetings.
Academic Medical Centers face huge financial pressures on their clinical, education, and research activities. The winners of the future state of health care will be those that radically transform their philosophy and approach to achieving their important missions. They must focus on what they have power over, question long-held assumptions, and disrupt entrenched models and mindsets.
We suggest four critical steps:
- Align margins to fuel the mission.
- Focus relentlessly on achieving and measuring quality.
- Reconsider “conventional wisdom.”
- Plug holes and pick low-hanging fruit.