A recent blog post by ECG Management Consultants discusses the importance of academic medical centers (AMCs) needing to understand the full extent of their ependitures, in regards to research, in order to successfully manage their institutional investments.
Editor's Note: This article originally appeared on ECG Management Consultants' website.
Forces—from uncertainty in the insurance market and shifting regulatory requirements to the rise of consumer-driven healthcare and an increased focus on value—are placing downward pressure on the operating margins of academic medical centers (AMCs). With shrinking clinical margins, AMCs are increasingly focused on ensuring institutional expenses and investments are tightly aligned with the organization’s clinical strategy. For AMCs to strategically manage their institutional investments, they must first understand the full extent of their expenditures, especially with regards to research. Click here to continue>>
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