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Health bulletin board: Medical research funding slows

By Cheryl Powell
Beacon Journal medical writer

Money just isn't flowing to medical research quite as freely anymore.

A new study published this month in the Journal of the American Medical Society shows the financial challenges facing a regional effort to boost medical research and development.

The rate of funding for biomedical research has slowed in recent years, according to the study by University of Rochester Medical Center researchers.

The study found funding from industry sources and the National Institutes of Health (NIH) dropped from $90.2 million in 2007 to $88.8 million in 2008, adjusted for inflation.

Total federal funding, adjusted for inflation, increased by less than 1 percent from 2003 to 2007, the researchers found. In comparison, federal funding jumped 25 percent from 2003 to 2007.

The Greater Akron region is banking on biomedical research and development as a bright spot in its economic future.

Akron's three hospital systems, the University of Akron and the Northeastern Ohio Universities Colleges of Medicine and Pharmacy have joined together to form the Austen BioInnovation Institute of Akron.

The institute pulls together the university's polymer science research knowledge, the medical college's musculoskeletal expertise and the three hospitals' strengths in orthopedics and wound care.

Within a decade, the Akron-area partnership wants to create 2,400 jobs and attract at least $50 million worth of investments annually in area medical companies.

What does the new study mean for Akron?

''The biomedical research funding arena is already very competitive and will remain so regardless of the direction of overall funding trends,'' Dr. Frank L. Douglas, president and chief executive of the BioInnovation Institute, said via e-mail. ''Playing to the well recognized strengths of our partners, the Austen BioInnovation Institute is focusing on biomaterial applications in orthopedics and wound healing to establish Akron as a nationally distinctive center of excellence in this area, and to bring solutions to patients and to market as rapidly as possible.

''We feel this disciplined approach in an area of active innovation and investment makes us very competitive with other biomedical efforts and we are already seeing returns based on this strategic direction,'' he said.

Hospital hiring slows

The ailing economy apparently hurt people's chances of getting a job in health care during 2009.

Nationwide, hospital employment grew less than 1 percent last year, according to data from the U.S. Bureau of Labor Statistics published in last week's edition of Modern Healthcare.

The trade magazine reported that hospitals added just 1,400 jobs to a work force of 4.7 million in December, the second-lowest month of job growth for the year.

However, some health-care areas still were hiring. Employment in doctors' offices, for example, increased 2.4 percent in 2009, according to the magazine.

Overall, the magazine concluded, the health-care industry work force increased by 2 percent last year.


Compiled by Akron Beacon Journal medical writer Cheryl Powell. She can be reached at 330-996-3902 or at chpowell@thebeaconjournal.com via e-mail.

 

Money just isn't flowing to medical research quite as freely anymore.

A new study published this month in the Journal of the American Medical Society shows the financial challenges facing a regional effort to boost medical research and development.

The rate of funding for biomedical research has slowed in recent years, according to the study by University of Rochester Medical Center researchers.

The study found funding from industry sources and the National Institutes of Health (NIH) dropped from $90.2 million in 2007 to $88.8 million in 2008, adjusted for inflation.

Total federal funding, adjusted for inflation, increased by less than 1 percent from 2003 to 2007, the researchers found. In comparison, federal funding jumped 25 percent from 2003 to 2007.

The Greater Akron region is banking on biomedical research and development as a bright spot in its economic future.

Akron's three hospital systems, the University of Akron and the Northeastern Ohio Universities Colleges of Medicine and Pharmacy have joined together to form the Austen BioInnovation Institute of Akron.

The institute pulls together the university's polymer science research knowledge, the medical college's musculoskeletal expertise and the three hospitals' strengths in orthopedics and wound care.

Within a decade, the Akron-area partnership wants to create 2,400 jobs and attract at least $50 million worth of investments annually in area medical companies.

What does the new study mean for Akron?

''The biomedical research funding arena is already very competitive and will remain so regardless of the direction of overall funding trends,'' Dr. Frank L. Douglas, president and chief executive of the BioInnovation Institute, said via e-mail. ''Playing to the well recognized strengths of our partners, the Austen BioInnovation Institute is focusing on biomaterial applications in orthopedics and wound healing to establish Akron as a nationally distinctive center of excellence in this area, and to bring solutions to patients and to market as rapidly as possible.

''We feel this disciplined approach in an area of active innovation and investment makes us very competitive with other biomedical efforts and we are already seeing returns based on this strategic direction,'' he said.

Hospital hiring slows

The ailing economy apparently hurt people's chances of getting a job in health care during 2009.

Nationwide, hospital employment grew less than 1 percent last year, according to data from the U.S. Bureau of Labor Statistics published in last week's edition of Modern Healthcare.

The trade magazine reported that hospitals added just 1,400 jobs to a work force of 4.7 million in December, the second-lowest month of job growth for the year.

However, some health-care areas still were hiring. Employment in doctors' offices, for example, increased 2.4 percent in 2009, according to the magazine.

Overall, the magazine concluded, the health-care industry work force increased by 2 percent last year.


Compiled by Akron Beacon Journal medical writer Cheryl Powell. She can be reached at 330-996-3902 or at chpowell@thebeaconjournal.com via e-mail.




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