The Future of Academic Medical Centers: Strategies to Avoid a Margin Meltdown
According to a recent paper by PricewaterhouseCoopers, academic medical centers (AMCs) are the nucleus of the U.S. health system, yet they face multiple challenges.
Chief among these challenges are: the prospect of funding reductions with more than 10% of revenue under threat, new quality metrics that may weaken AMC’s market perception, and the structural inability to move quickly in a rapidly-changing environment. To survive, AMCs must reinvent themselves by embracing new types of collaboration, re-engineer operations, and use technology as a new kind of extender.
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