Financial Sustainability
Questions for this Session
1. What is financial sustainability?
2. What are the sources of financial sustainability?
3. How does an individual contribute to financial sustainability/research funding?
What is financial sustainability in research?
SCALED EFFICIENCIES
Financial Capacity Over Time
Revenue
Collaborativ
Partnerships
Cost
Value and Accountability
SYSTEM EFFECTIVENESS
Evolving
Funding
Landscape
Community
Contribution
Research Financial Accountability
CSHRI and Divisions
Identification of Funded Research Opportunities
Divisions Strategic Research Investment Decisions CSHRI Research Administration Infrastructure
Sources of financial sustainability
Direct Funding Pharma, Medical Device
Balanced Research
Portfolio
Grants
Federal and Other Grants Investigator Initiated
Philanthrop
y CommonSpirit, External
What are your short-term/long-term funding goals? What are your research clinical focus areas?
What funding opportunities can you identify?
How can you impact publications and presentations? How does research impact your community?
How does an individual contribute to financial sustainability?
Direct Funding
Identify new clinical trials
Grants
Match interests with opportunities
Resources
Find expense savings
Philanthropy
Annual fundraising event for research
REEF (Research Excellence Equity Fund)
Grants to support unfunded research Investigator and Student Initiated
Publications and Presentations
Community Engagement
Advance future healthcare improvements
How can you contribute?
Community partnerships to enhance research
equity
Take Home
1. Scaled Efficiencies and System Effectiveness
2. Balanced Research Portfolio
3.
Individuals Contribute to the Greater Good