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Academic Medicine Article Demonstrates the Benefits of Alignment Between Medical Schools and Hospitals

Thursday, May 24, 2012

UM School of Medicine Dean E. Albert Reece
 Dean E. Albert Reece, MD, PhD, MBA
 

Academic Medicine, the Journal of the Association of American Medical Colleges (AAMC), has published an article jointly written by Dean E. Albert Reece, MD, PhD, MBA, and Johns Hopkins Dean and CEO Dr. Ed Miller, MD. The article, “Fully Aligned Academic Health Centers: A Model for 21st-Century Job Creation and Sustainable Economic Growth,” demonstrates the tremendous benefits to academic health centers (AHCs) and the state when the medical school, hospital, practice plan, and leadership are fully aligned in their governance, strategies, management and economics.  

Full alignment allows AHCs to act quickly and cohesively toward common goals and to take advantage of opportunities.  The article further explains how alignment leads to increased grant funding, helps to fuel the growth of clinical services, and stimulates the economic activity generated by AHCs.  University of Maryland Medicine (UMM) and Johns Hopkins Medicine (JHM) generate roughly the same amount ($11.5 billion) of economic activity annually for the state, and are two of the largest nonfederal employers in Maryland.  

The process of aligning their clinical and research missions has given UMM and JHM a renewed economic vigor which has helped the state of Maryland to weather the recession.  While many other state’s economies have remained stagnant, Maryland’s unemployment rate stood at 6.5% in the spring of 2012, which is almost 20% below the national average.  Furthermore, Maryland consistently has been ahead of the curve in terms of economic recovery.  As a result, Maryland lawmakers increasingly seek advice from UMM and JHM on economic development strategies for the life sciences sector.

Click here to read the full article.

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