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Academic medical centers should consider five strategies for becoming more cost-efficient and profitable as reforms are implemented: Make faculty responsible for cost and quality. Explore opportunities to collaborate with community hospitals. Extend care and education beyond the walls of the organization, employing technology and innovative teaching practices. Maximize healthcare IT investment by sharing data-rich patient records with other medical centers and research institutes. Align research with business strategy.


Robert M Valletta, Alicia Harkness. 5 strategies for improving performance of academic medical centers. Healthcare financial management : journal of the Healthcare Financial Management Association. 2013 Jun;67(6):124-8

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PMID: 23795389

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