Healthcare advisor defines challenge of academic medical centers
Published July 30, 2012
The healthcare delivery system must fundamentally change from the traditional institution-centric model to a patient-centric model. Academic Medical Centers in particular have been traditionally culturally isolated and not well integrated with the communities that they serve—and they will be forced to change by the new realities of healthcare. This is the challenge we face, as stated by Mark Finucane, Managing Director with Alvarez & Marsal Healthcare Industry Group in Los Angeles, when he spoke on July 24 at a strategic planning symposium for the Keck Medical Center of USC. More 45 physician and administrative leaders attended this event.
We must plan how to provide value as to the patient as part of an integrated delivery system with other physician and facility partners. And we must understand that our physicians are the franchise, and that physician leadership, loyalty, and strategic alignment are indispensible to the growth process and durability of USC Health
Prior to coming to Alvarez & Marsal, Finucane also served for five and a half years as the CEO of the Los Angeles County Healthcare System.