Gift Launches $50-Million-Plus Partnership to Revolutionize Healthcare
A partnership of doctors and engineers launched today will revolutionize clinical simulation, education, and healthcare.
The $50-million-plus Jump Applied Research for Community Health through Engineering and Simulation (Jump ARCHES) will create joint research projects between the Jump Trading Simulation & Education Center (Jump) at OSF Healthcare in Peoria and the University of Illinois at Urbana-Champaign’s College of Engineering.
“Jump has been bridging the gap between engineering and health care for more than a year now. Our new partnership with the University of Illinois’ College of Engineering is the opportunity to do so at a dramatically expanded scale,” said Dr. John Vozenilek, chief medical officer for the Jump Trading Simulation & Education Center. “A host of medical challenges need to be addressed at home and globally. Jump ARCHES will be a powerful part of the solution.”
The fundamental goal is to improve the quality of care and outcomes for patients and to reduce health care costs.
Jump ARCHES is the result of a $25-million dollar challenge gift from Jump Trading, a financial technology firm. The OSF Healthcare Foundation will immediately initiate efforts to raise the challenge amount of $25 million, culminating in an overall $50-million endowment fund. The University of Illinois will provide annual support equivalent to that of a $12.5 million endowment.
“Simulating a clinical space is like simulating an airplane in flight—only, some would argue, harder,” said Andreas Cangellaris, dean of the University of Illinois at Urbana-Champaign’s College of Engineering. “With Jump ARCHES, we’ll be able to make medical simulation more realistic, make the collaborations frictionless, and better extrapolate what the medical field will need next.”
The idea for Jump ARCHES builds on the success of the Jump Trading Simulation & Education Center, a collaboration of OSF HealthCare and the University of Illinois College of Medicine at Peoria. Jump replicates the patient care areas of a hospital—from the exam room to the operating room—and combines actual medical equipment and devices with state-of-the-art simulation approaches and training. This facility provides excellent clinical training to doctors, health care professionals, and students alike.
Jump ARCHES will create new tools and technologies using imaging, health information technology, novel materials, and human factors to enhance medical simulation and education at facilities like Jump. It also will create new tools, techniques, and devices for clinical use and treatment.