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ARTICLE · 19 DECEMBER 2022

Modernizing The Funds Flow Process At Academic Medical Centers

Known for being one of the most contentious topics between Academic Medical Centers ("AMC"s) and faculty practice plans ("FPP"s), the Funds Flow process is often seen as untouchable...

United StatesFinance and Banking

Known for being one of the most contentious topics between Academic Medical Centers ("AMC"s) and faculty practice plans ("FPP"s), the Funds Flow process is often seen as untouchable at most medical systems.1 Typically rife with legacy agreements, handshake deals with little to no documentation, and a patchwork of agreements tacked on from one Department Clinical Chief to the next, Funds Flow can be a political minefield at an academic medical system. However, as Sun Tzu wisely said: "In the midst of chaos, there is also opportunity."2

In this article, the reader will find an overview of Funds Flow, the rationale and opportunities for modernization and proposed next steps.

Funds Flow Overview

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