Four years ago, Advisory Board identified the three pillars of an equitable health care organization: workforce, community efforts, and patient outcomes.
Life sciences organizations made strides towards the workforce pillar through diversifying recruiting strategies, expanding support for upward career pathing, and closing employee benefit gaps. Life sciences organizations have also demonstrated their commitment to health equity through their investment in community organizations.1 In 2020, J&J pledged $100 million over the next five years to help communities and people of color.2 Bristol Myers Squibb also made a five-year pledge in 2020, committing $300 million to address health equity.3 And other organizations have made smaller but just as meaningful contributions to further health equity efforts.4 5
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