2010/11 Baycrest and Baycrest Foundation Annual Report


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2010/11 ANNUAL REPORT NOW IS THE TIME TO TRANSFORM THE FUTURE BUILDING THE FUTURE OF AGING INTRODUCING BAYCREST HEALTH SCIENCES TEACHING AND LEARNING IN THE NEXT GENERATION INNOVATION ENGINE BRINGING GREAT IDEAS TO LIFE BAYCREST BOARD OF DIRECTORS, BOARD OF GOVERNORS, EXECUTIVE TEAM AND MEDICAL STAFF BAYCREST FINANCIAL SUMMARY NOW IS THE TIME TO SUPPORT THE FUTURE

BUILDING THE FUTURE OF AGING

A new approach sets the foundation

In January 2011, we unveiled the Next Generation of Baycrest, a bold new organizational approach that builds on current strengths to create a future where Baycrest leads the world in aging and brain health.

This new direction is driven by the imperative to find solutions to the challenges posed by a rapidly aging global population. A shift in thinking is demanding a more proactive, concerted and economically sustainable approach to improving the health, well-being and autonomy of individuals as they age.

When we benchmarked Baycrest against other "like" organizations, we found that we are a unique global leader in our field. Our combination of assets — a continuum of care dedicated entirely to aging populations, a world-renowned research institute focused on aging and brain health, and unsurpassed clinical training programs in geriatric care — gives us the strengths needed to bring aging and brain health to a new level of excellence for our community, our nation and people around the world.

The Next Generation of Baycrest
is composed of three pillars that work in concert to make Baycrest the global leader in aging and brain health

Next Generation pillars

Baycrest Health Sciences (BHS) integrates care, research and education to meet the needs of older adults using novel, cost-effective and transformative methods. BHS provides evidence-based clinical programs and services to defined populations. The research component of BHS, Baycrest's Rotman Research Institute, one of top five brain institutes in the world, leads groundbreaking studies in cognitive neuroscience. The Centre for Education and Knowledge Exchange in Aging at Baycrest, through its local and globally focused efforts, serves as a vital bridge to translate knowledge from the "bench" to clinical care at the bedside, in the community and around the world.

The Baycrest Innovation Engine develops, evaluates and transfers new practices, knowledge and products from our health sciences platform to the division at Baycrest responsible for bringing products to market, and has a system-wide impact on care delivery, qualityof life and health and wellness.

Baycrest's commercialization arm is the catalyst for adopting and marketing Baycrest's innovations in aging, including breakthrough technologies, systems, products, processes and new knowledge. Through its various product lines, this arm will market its products and expertise directly to governments, life sciences corporations, consumers, professionals, students and health systems around the world. Revenue generated will be a new and additional source of funding for Baycrest Health Sciences.

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