WEST LAFAYETTE, Ind. \u2014 Purdue University has received a $20 million commitment from the Ricks Family Foundation to establish the Purdue Institute for Healthcare Systems Innovation within the Mitch Daniels School of Business. The institute will be based at the university\u2019s Indianapolis location.<\/p>\n\n\n\n
The gift directly supports three strategic priorities \u2014 the Daniels School<\/a>, One Health<\/a> and Purdue\u2019s expansion in Indianapolis<\/a> \u2014 while also contributing to \u201cVictories & Heroes: Your Campaign for Purdue\u201d<\/a> and Purdue Day of Giving<\/a>, the university\u2019s annual online fundraising effort.<\/p>\n\n\n\n \u201cThis transformative gift from the Ricks Family Foundation expands our Daniels School opportunities, bolsters the Indianapolis location and advances the One Health initiative,\u201d Purdue President Mung Chiang said. \u201cWe thank the Ricks Family Foundation; by investing across multiple strategic initiatives through the focus area of healthcare systems innovation, this generous and visionary gift will shape the university\u2019s future in deeply impactful ways.\u201d<\/p>\n\n\n\n Anchored in the Daniels School\u2019s economic and strategic expertise \u2014 and supported by targeted collaborations with the colleges of Engineering and Pharmacy \u2014 the institute will allow the university to lead at the crossroads of healthcare economics and delivery. It will also serve as a hub for analyzing how care pathways, drugs, devices and procedures are priced, reimbursed and adopted, with a focus on cost-benefit analysis, consumer choice and strategic policy design.<\/p>\n\n\n\n Locating the center in Indianapolis \u2014 home to major hospital systems, insurers and medical technology firms \u2014 will ensure that the institute\u2019s research is embedded where industry, policy and practice converge.<\/p>\n\n\n\n \u201cThe generosity and foresight of the Ricks Family Foundation will have an enduring impact on Purdue, the Daniels School and the nation,\u201d said James \u201cJim\u201d Bullard, the Dr. Samuel R. Allen Dean of the Daniels School of Business. \u201cConsidering the healthcare situation in the U.S. today, there is a clear need for rigorous, market-informed research that challenges conventional thinking and drives new solutions. This institute will allow Purdue to lead that work and make a lasting difference.\u201d<\/p>\n\n\n\n Formation of the institute will begin with the appointment of key leaders such as executive director, program manager and industry director. Additional steps will follow to establish operations and ensure long-term sustainability.<\/p>\n\n\n\n \u201cThis foundational commitment strengthens the vital role our university plays in reimagining healthcare and improving patient outcomes,\u201d said Eric Barker, Purdue\u2019s vice president for health affairs and the Jeannie and Jim Chaney Dean of Pharmacy. \u201cThe institute will become a centerpiece of our One Health initiative as we intensify our efforts to tackle healthcare challenges head-on through research.\u201d<\/p>\n\n\n\n In 2024, support from the Ricks Family Foundation helped the Riley Children\u2019s Foundation establish the Heartland Children\u2019s Nutrition Collaborative, a research partnership between Purdue\u2019s Department of Food Science and IU School of Medicine\u2019s Department of Pediatrics. The goal of the partnership is to uncover the role early-life nutrition plays in shaping health outcomes.<\/p>\n\n\n\n Purdue University is a public research university leading with excellence at scale. Ranked among top 10 public universities in the United States, Purdue discovers, disseminates and deploys knowledge with a quality and at a scale second to none. More than 106,000 students study at Purdue across multiple campuses, locations and modalities, including more than 57,000 at our main campus locations in West Lafayette and Indianapolis. Committed to affordability and accessibility, Purdue\u2019s main campus has frozen tuition 14 years in a row. See how Purdue never stops in the persistent pursuit of the next giant leap \u2014 including its integrated, comprehensive Indianapolis urban expansion; the Mitch Daniels School of Business; Purdue Computes; and the One Health initiative \u2014 at https:\/\/www.purdue.edu\/president\/strategic-initiatives<\/a>.<\/p>\n\n\n\n The Purdue for Life Foundation helps people who love Purdue stay connected, get involved and give back. Created in March 2020, the foundation deepens alumni ties to Purdue, drives and coordinates all alumni-related activities across the Purdue family\u2019s postgraduation lives, and works with alumni and friends to garner support for the university. Learn more at https:\/\/www.purdueforlife.org\/<\/a>.<\/p>\n\n\nAbout Purdue University<\/h2>\n\n\n\n
About the Purdue for Life Foundation<\/h2>\n\n\n\n