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During the pandemic, health systems and affiliated universities had little time to think—they simply snapped into action because they had no choice. Competitors joined forces to focus on their communities, technology was instantly adopted (“Zoom” became a verb overnight), and innovative cross-staffing and models were born out of necessity (many remaining in place today).
This “all hands on deck” mindset is needed again in the face of NIH funding cuts (target of $4B). Fighting it in the courts may help buy some time or reduce the impact slightly, but serious cuts will endure for at least the next few years (and to debate the “why” may be a fool’s errand).
Research institutions that step boldly to recalibrate their strategies and operations immediately will be in a far better position to serve their mission. In addition to taking traditional measures internally, institutions may look to peers to share infrastructure and even consider openly coordinating scientific focus areas on a regional or national level. Modest reductions in personnel and overhead in a “wait and see” mode will not suffice.
I encourage you to read this short piece authored by members of our Academic Healthcare practice, Keith Graff and Andrea Wetmore, who share a range of actions that research institutions may consider.
Sincerely,
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Featured Recent Thought Leadership
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The CMS Interoperability and Prior Authorization Final Rule marks a turning point for prior authorization reform and broader healthcare data exchange.
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ECG's Healthcare Mergers and Acquisitions Update for Q1 of 2025 is now available! In this edition, you will find a spotlight on home health.
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Recent Thought Leadership
A patient's trust in their healthcare provider can be won or lost in just minutes during a call center interaction, making it crucial to optimize these touch points.
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Is your organization ready for CMS’s new bundled payment model? Here’s how to prepare for the TEAM.
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ECG's newly released Q4 2024 Publicly Traded Hospital Quarterly Earnings Update highlights revenue growth amid market uncertainty.
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Investing in comprehensive patient access improvements is essential for healthcare organizations to meet consumer expectations and maintain market share.
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Michael Stern of Tower Health and ECG’s Michael Biggs discuss how health systems can remain independent amid a dynamic landscape of mergers and acquisitions.
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ECG is expanding its Health System Performance team with industry experts David Kim, Mimi Taylor, Jill Kennedy, and William Denton, RN.
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Aurora Young, Bridget Perkins, and Tanner Hegge discuss the latest trends shaping APP compensation and workforce strategies.
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Clayton Tellers and Neelam Patel will be at the AAMC Group on Business
Affairs and Group on Institutional Planning 2025 Joint Spring Meeting,
April 23–25 in Phoenix.
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Join Jessica Reed in Nashville, April 23–25.
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ECG is a proud sponsor of Becker's Annual Meeting, April 28 to May 1 in Chicago.
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ECG experts John Fink, David Willis, and Sarah Weatherman are speaking at Orlando's 30th Healthcare Marketing & Physician Strategies Summit, April 29-May 2.
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Matt Kilton and Amy Coletti are at the ASCA 2025 Conference & Expo, April 30 through May 3 in Denver.
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Join ECG's Jared Langus, Jessica Wells, Tim Babineau, Elizabeth Liebow, David Kim, and Michael Biggs at McDermott HealthEx in Nashville.
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Jacob Eisler and Andrew Vu will be in Atlanta, June 4–6. Andrew will participate as a panelist to explore how a technology transformation reestablished a commitment to patient-centric access.
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Join our ASC experts, Matt Kilton and Amy Coletti, in Chicago, June 19–21.
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ECG's Allison Pullins, Karen Kole, and Kathryn Taylor are at AHLA 2025 Annual Meeting, June 30 to July 2 in San Diego.
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