McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
So we've raised in the past 15 years now approaching $2 billion a year, predominantly to support our research and our teaching mission.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
So we went from, no, that's impossible,
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
to all of a sudden, we need more people in our department of philanthropy because we know we can raise more money.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
There are other forms of finding resources in which to make that happen.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
In our area of research, we created something called the Harrington Discovery Institute.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
It's a way to get promising research across the valley of death and to get funded with additional support from us and from others.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
So we just created a relationship with University Hospitals, Harrington Discovery Institute, and Oxford University in England.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
We bring in 20 researchers per year whose research is now going to be oriented less toward basic science research and more toward commercialization.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
So things like intellectual property makes a big difference.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
Having an appropriate sharing program in the event that something becomes brought to market creates a personal opportunity for the researcher.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
And we just announced that we're working now in partnership with Morgan Stanley.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
They have now 17,000 wealth advisors across the United States who are advocating Morgan Stanley gift cures.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
which it would be a tax-deductible donation to the Harrington Discovery Institute, focused on finding cures predominantly for rare diseases.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
So there are things we can do.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
It will depend on the month, but I would say on average, we are actually transferring out about 100 patients a month to one of our other 18 hospitals in our system.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
Closer to home, closer to where the patients live.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
They don't need an academic medical center to receive world-class care.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
Your point about social determinants, I think as an industry, we take this very seriously.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
We all do community benefit analyses, community needs assessments, and so forth.
McKinsey on Healthcare
Role of academic-based health systems: An interview with Catherine Jacobson and Thomas Zenty
And we just did an example where we looked carefully at why our neonatal intensive care unit was so full.