FY17 Research Management Annual Financial Update

Transcript:FY17 Research Management Annual Financial Update:
FY17 Research Management Annual Financial Update October 31, 2017 Proposals Awards Research $ PHS Research Revenue Trends Source: PHS Research Revenues FY07- FY17 Actual. PHS includes BWH, MGH, McL, SRH, and all other PHS entities. Note: Research Activity, excludes Other Science and P&L adjustments . Total PHS research revenues exceeded $1.6B, an increase of 6%, driven primarily by increased Federal Subcontract, Foundation, and Internally sponsored research. 2 PHS Research Revenue Sponsor Mix Source: PHS Research Revenues FY07- FY17 Actual. PHS includes BWH, MGH, McL, SRH, and all other PHS entities. Note: Research Activity, excludes Other Science and P&L adjustments . Overall Federal Sponsor mix remained unchanged at 60%, with a 1% point decrease in DHHS offset by a similar increase in Federal Subcontracts. 3 FY17 Research Revenues by Institution and Sponsor Type – With Federal Subcontracts *Includes Federal subcontracts sourced from Non-Profits and Foundations Note: Sponsor expenditures as a percent of Total Research Revenue, excluding All Other Science, Accruals, and P&L Adjustments 4 Total Research activity is up $94M versus FY16, and up across all institutions and all sponsor categories. FY17 Immediate Sponsor Mix by Institution– Includes Federal Subcontracts – Total Revenue *Includes Federal subcontracts sourced from Non-Profits and Foundations Note: Sponsor expenditures as a percent of Total Research Revenue, excluding All Other Science, Accruals, and P&L Adjustments 5 Including federal subcontracts through non-profits and foundations, all federally sponsored activity accounts for 68% of BWH revenue and 54% of MGH revenue. For all of PHS, 60% of originating sponsored research is sourced through the Federal Government, which is equivalent to FY16. While the overall dollar amount of Federal funding increased by $56M (+6.1%) for Q4 YTD FY17 versus FY16, the overall percentage of Federal funding remained unchanged due to the growth in Industry, Non-Profit (non-federal subcontracts), Foundation, and Internally sponsored research. FY17 NIH Funding through October 2nd is not final, though PHS increases are likely to be small. FY17 data expected to be final on 12/31/2017. PHS Share of FY17 NIH Funding continues to remain top-ranked for Independent Hospitals and is $67M higher {+9.1%} versus this same time-frame from FY16. New PHS FY17 NIH awards stand at $714M, and when coupled with more than $800M in new FY16 awards, we expect strong revenue growth in FY18 and beyond. Source: NIH Funding Report, US. Department of Health and Human Services NIH Funding Market Share Trends 6 PHS, Research Finance Analytics Source: