After Dan Dickinson was diagnosed with liver cancer and told he needed a transplant, he was called to the hospital four times for surgeries that didn’t happen. Each time, either he was a backup candidate or the donated liver turned out not to be a good match. During the 18 months he spent waiting for a transplant, he could not travel more than five hours from his home, since the call could come at any moment. Finally, on the fifth try, he received a healthy liver from a deceased donor in 2011.
“The emotional roller coaster of that was not fun,” says his daughter, Laurie Lee, who was so moved by the experience that she later donated one of her kidneys to a stranger and went on to cofound a company that supports both patients and living donors through the transplant journey. For his part, Dickinson became an angel investor in Pulse Charter Connect, an organ-transport logistics company founded by a Chicago Booth graduate. Both have become outspoken advocates for organ donation. “I felt an overwhelming sense that we won the lottery and we need to give back,” Lee says.
Dickinson was one of the lucky ones. Thousands of people die each year in the United States while waiting for an organ transplant, either because a donated organ does not become available in time or because they grow too sick to receive a transplant. In 2024, more than 100,000 people were on the national transplant waiting list. The overwhelming majority are waiting to receive kidneys, and while they generally can be kept alive by dialysis, their quality of life is often poor. People who need heart, lung, or liver transplants are at greater risk of dying before a donor organ becomes available.
The situation is similar in other countries. Nearly 180,000 organ transplants were performed globally in 2024, according to the Global Observatory on Donation and Transplantation, but only about 10 percent of the need is being met. As the world population ages, the corresponding rise in illnesses such as diabetes and cardiovascular disease increases the pressure on transplantation.
Even when donor organs are available, a fragmented and inefficient system for transporting them can leave them unusable. Communication problems, ground transportation challenges, and even bad weather can delay delivery of donated organs beyond their short period of viability, wasting their lifesaving potential.
But technological breakthroughs and changes to the process of distributing organs are raising the hopes of patients and physicians. Medical devices allow patients to live longer and more comfortably while waiting for a donor match, and new clinical trials focused on transplanting kidneys from animals to humans raise the possibility that shortages could eventually ease.
In addition, the US organ-allocation system is in the process of transforming. For 40 years, the public–private Organ Procurement & Transplantation Network was managed by the nonprofit United Network for Organ Sharing under an exclusive contract. The OPTN manages the national transplant waiting list, maintains the US organ transplant database, helps set US organ-donation and transplantation policy, and assists patients and their families, among other tasks. UNOS renewed its main contract at the end of 2025, but its scope is reduced, and the US Department of Health and Human Services is moving to a competitive, multivendor system. Goals for the new system include increasing innovation, updating technology, and more fairly determining transplant eligibility.
As the landscape changes, Chicago Booth faculty and alumni are among those proposing creative ways to adapt to the disruption. They are launching companies that aim to transport organs more efficiently and preserve their function while in transit, researching how to maximize transplants through better allocation, participating firsthand in the transplant process as physicians, and applying their Booth training to startups aimed at advancing the science.
Outpacing Even the Best Efforts
The demand for organs in the US far exceeds the supply, a trend that has continued even as the number of available organs has grown over time with increased donor registration initiatives and medical advancements. In 2024, there were more than 100,000 adults and children on the waiting list for a transplant.
Deciding Who Gets a Chance at Life
As soon as a donor organ becomes available, medical teams begin a race against the clock to match the organ with a recipient while the organ is still viable. A healthy donor heart, for example, survives outside a human body for only four to six hours using traditional storage methods.
In the US, a nationwide computerized network reviews the waiting list and first screens out patients who are incompatible with the donor organ because of blood type, height, weight, or other factors. Then the system determines the best match among the remaining candidates.
Each type of organ has its own allocation criteria, which may include medical urgency, the amount of time the patient has spent on the waiting list, immune-system compatibility, distance from the donor hospital, and likelihood of survival after the transplant. Patients who have previously donated a kidney or a portion of a liver to someone (“living donors”) are ranked higher on the waiting list to receive that organ. Body size is important, too, so children have priority for organs from other children.
Judging the quality of an organ and its associated risk factors adds complexity. Organs from older donors may lose function more rapidly, and organs from donors who have recently used intravenous drugs may be more likely to transmit diseases such as HIV or hepatitis C. In large part as a result of the opioid epidemic, one in four deceased organ donors may have engaged in behaviors that increase such risks.
Transplant surgeons can face difficult trade-offs on behalf of recipient patients. Should they accept an available organ with shortcomings or decline it and hope a better one comes along—soon?
“You’ve got a patient who does not have an infinite window. There are a lot of really tough calls, and it’s always a multidisciplinary team decision.”
— David Joyce
Booth students might recognize this dilemma as a type of challenge known in statistics as an optimal-stopping problem, sometimes called the secretary problem because of its applicability to making the optimal hiring decision from a pool of candidates.
“When I was taking statistics at Booth, Nicholas Polson introduced us to this idea,” says David Joyce, MBA ’20 (XP-89), a cardiothoracic surgeon with New Mexico Heart Institute/Lovelace Medical Group in Albuquerque, New Mexico. “You get options presented to you sequentially. At some point, there’s not a better option around the corner. You’ve got a patient who does not have an infinite window. There are a lot of really tough calls, and it’s always a multidisciplinary team decision.”
As a transplant surgeon, Joyce has closely followed and participated in developments in the field. At the Mayo Clinic and the Medical College of Wisconsin, he worked alongside his father, Lyle, who was part of the surgical team that implanted the first Total Artificial Heart in 1982. Following in his father’s footsteps, Joyce has been an early adopter of pioneering techniques that aim to better protect the functioning of a donor heart during a transplant.
In discussions with the medical team about whether to accept a particular heart for a recipient, Joyce sometimes recalls takeaways from Polson, the Robert Law Jr. Professor of Econometrics and Statistics. Such a decision requires the team to balance the fact that waiting longer for a donation gives a patient higher priority for a high-quality organ with the understanding that it also raises the risk of medical complications. “We’ve had a number of cases where there were differences of opinion,” he says. “Were we being too conservative? Should we have pulled the trigger? Sometimes the conflict was very productive, because we tried strategies that we wouldn’t have thought of otherwise.”
Donors Warm to the Idea of Payment
In 1993, 12 percent of survey respondents said payments would make donation of an organ after death more likely for them or their family. By 2025, that number had nearly tripled.
The High-Stakes Hunt for an Organ
With thousands of lives on the line each year and the need for organs consistently outpacing supply, doctors, transplant centers, and policymakers navigate ethical quandaries as they determine how best to allocate the existing supply and increase the number of available organs while respecting the rights and autonomy of donors.
Reducing it to a simple supply-and-demand problem, economic theory would dictate creating a market for organs. A proponent of this approach was the late Gary S. Becker, AM ’53, PhD ’55 (Economics), University Professor of Economics and of Sociology at the University of Chicago and at Chicago Booth before his death, and a 1992 recipient of the Nobel Prize in Economic Sciences. Becker argued that transplant centers should increase supply by paying for organs from live donors or cadavers. (In 2007, he estimated a market value of $15,200 for a kidney and $37,600 for a liver.) Concerns about coercion and commodifying human bodies have held back this approach in most countries, but kidney donation from nonrelatives is legal in Iran, where donors receive compensation as well as health insurance. Within a year after the launch of this system in 1988, the number of kidney transplants nearly doubled—most of which involved unrelated donors. Sentiments about payments for organs in the US have warmed in the past decade, according to the National Survey of Organ Donation Attitudes and Practices.
At the same time, a worldwide black market for organs is thriving. In some cases, donors are tricked into participating or are forced to sell their organs. Illegal networks often take advantage of desperate people trying to find additional income to survive. Kenyan authorities, for instance, have been investigating an alleged organ-trafficking network connecting wealthy foreign patients with local brokers.
Transplant tourism—the practice of traveling abroad to find an organ when none is available at home, particularly under illegal or unethical circumstances—accounts for up to 10 percent of all organ transplants globally. Even when such transplants are performed legally, the risk for exploitation remains. In 2018, the Declaration of Istanbul on Organ Trafficking and Transplant Tourism affirmed that organ donation should be a financially neutral act and that countries should try to be self-sufficient in organ donation and transplantation.
A separate ethical dilemma, particularly as technology has advanced, involves changing definitions of what it means to die and when it’s appropriate to remove a patient’s organs for donation. Most organ donors are brain-dead, meaning they have experienced a complete and irreversible loss of all brain function. But in the case of “donation after circulatory death,” organs are removed from donors who have some brain function but are on life support and not expected to recover. In the US, more than 20,000 organs were removed from this type of donor in 2024, nearly double the total in 2021.
A recent federal investigation in Kentucky highlighted cases in which officials initially ignored signs of consciousness in potential organ donors. The donations in question were ultimately canceled, but the investigation found that the process should have potentially been halted sooner because the patient showed growing signs of consciousness. Most of those patients eventually died, but some recovered.
“Many scientists have little formal exposure to business concepts, but scientists frequently turn out to be outstanding founders, since skills such as hypothesis-driven thinking, experimentation, and systematic problem decomposition translate well to entrepreneurship.”
— George Li
Stories like this can make people more hesitant to donate. After one highly publicized case, surging numbers of people revoked their organ-donor registrations in the US and even in France, where news media also reported the story.
“For sure, there is a great deal of uncertainty when it comes to prognosticating a person’s neurological recovery,” Joyce says. “I think that is a huge challenge for medicine.”
As the surgeon tasked with transplanting a donated heart, Joyce is purposely removed from decisions about when the time is right for donation, if ever. “For obvious reasons, when it comes to harvesting organs, everyone worries about incentives,” he says. “In general, though, people do a pretty good job. The team responsible for declaring death has nothing to do in any way with the folks who are interested in acquiring the organ. I don’t feel like there’s anything sketchy going on broadly in the field. I’m sure we’ve made mistakes, but I think everybody is trying to do their best for their patient.”
Some EU countries, such as France, Spain, and Austria, aim to increase organ donation through an opt-out system in which all citizens have given “presumed consent” to donate their organs unless they specify otherwise. Critics of this type of system argue that it potentially violates people’s rights if they are unaware of the law and that organ donation should be an active, informed decision.
Opt-out systems draw on the behavioral economics principles of Richard H. Thaler, the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics Emeritus, and the 2017 recipient of the Nobel Prize in Economic Sciences. Thaler, with the Harvard legal scholar Cass R. Sunstein, popularized the idea of choice architecture, showing that default options are powerful because people tend to stick to the status quo. They advocate the use of this idea for retirement savings through what is called “automatic enrollment,” which means employees join the plan unless they opt out.
Many readers of Thaler and Sunstein’s 2008 book, Nudge, which contained a discussion of organ transplantation, mistakenly thought the authors were advocating this approach for organ donations. So in their revision, Nudge: The Final Edition (2021), Thaler and Sunstein rewrote the chapter to eliminate any confusion. Instead of opt-out, the chapter advocates what the authors call “prompted choice,” as used in Illinois and many other states, in which anyone applying for or renewing their driver’s license is asked whether they agree to be an organ donor. An explicit agreement to be a donor is a more convincing signal to family members of the donor’s actual wishes than simply having failed to opt out. And Thaler says that the data show that this policy is effective in increasing the number of organs transplanted.
An Operations Approach to the Problem
Barış Ata, the Sigmund E. Edelstone Distinguished Service Professor of Operations Management and Applied AI, has focused an avenue of his research on increasing the number of organs available for transplant by improving allocation decisions. “Given my background in operations management, I think of the whole organ-allocation problem as a supply problem,” says Ata, who has studied the issue for more than 15 years.
In a 2017 study, he and his coauthors explored potential changes to the system for allocating kidneys, which at the time were offered first locally in a “donation service area,” then regionally, then nationally. The researchers found that if the lowest 15 percent of kidneys in terms of quality were offered more broadly, transplant teams in the areas with the longest wait times would be more likely to accept them, increasing the overall supply of donor kidneys.
A 2020 study Ata coauthored demonstrates that ranking patients differently for kidneys of different quality can dramatically reduce wasted organs and improve the appropriateness of matches. The research supports an earlier policy change, from 2014, that prioritized the healthiest patients when allocating the top 20 percent of kidneys in terms of quality.
Looking at the more than 200 transplant centers across the United States, “you see such different attitudes,” Ata says. “Some will use anything and everything when it comes to the quality of the organ. Some are extremely cautious and don’t want to use risky organs. There is a lot of heterogeneity across the country. That raises the question: Which one does this right?”
When organ-allocation rules change, transplant teams adjust to position their patients optimally on the waiting list. In 2018, for example, changes to the allocation system introduced new status types for the waiting list for heart transplants. Among the differences, patients with heart failure are now prioritized for transplants if they have already been implanted with a temporary medical device designed to help their heart pump blood.
“That was a very big change that happened in the field, and it required tremendous strategy with each patient,” says Joyce, the cardiothoracic surgeon. “You’re always prioritizing the needs of the patient on the waiting list, but you’re trying to figure out how to navigate that care within the new rules given to you.”
Ensuring a Safe Delivery
Even before the upcoming changes, UNOS had been altering its allocation system to improve geographic fairness. It has been piloting a new continuous-distribution framework—first implemented for lung transplants in 2023—that moves away from rigid categories and considers all patient factors as part of a weighted score.
Before the new allocation system, patients who received donor organs tended to be clustered in wealthier communities near transplant centers. Now, patients in other geographies are more likely to receive a donated organ, which has made the process fairer but also means the average organ flight takes longer, says Laura Epstein, MBA ’22, founder and CEO of Pulse Charter Connect, the organ-transport logistics company.
Transporting delicate human organs is challenging. There is little time for delay before organs start to deteriorate. Kidneys typically need to be transplanted within 36 hours of removal from the donor. The window of opportunity is 12 hours for livers, pancreases, and intestinal organs, and just six hours for hearts and lungs, according to the Health Resources and Services Administration.
The system for coordinating between a hospital with a donor organ and a transplant center is fragmented by region, with busy medical staff relying on organ procurement organizations as intermediaries. Organs frequently become available on short notice and late at night, making it difficult to find a charter airline that can transport them. About 20 percent of organs—or about 10,000 per year in the US—are discarded in part because they can’t reach a patient quickly enough, according to Colleen McCarthy, vice president of organ and tissue donation at Versiti and a former president of the Association of Organ Procurement Organizations.
To improve communication and reduce the number of wasted organs, Epstein launched Pulse Charter Connect in 2022. “Our goal is to make sure no organ goes unused due to logistics,” she says. The company uses software to more easily match hospital coordinators with charter-flight companies. Epstein, who has a private-pilot license, draws on her Booth education and her bachelor’s degree in aerospace engineering. Before enrolling at Booth, she worked for the US Federal Aviation Administration as a systems engineer, specializing in risk management. “We want to be the standard for on-demand medical transportation,” she says of her platform. So far, the startup has coordinated nearly 100 lifesaving organ flights.
Epstein decided to launch the company while studying full time at Booth. She completed a consulting project for a private-jet company that was flying organ surgical teams, which allowed her to see the inefficiencies firsthand. “A lot was going through brokers at significant markups,” she says. “The communication between the surgical team with the organ and the transplant center could be improved. There was a lack of transparency between the pilots and the staff traveling. Medical staff didn’t always know what company they were going with until they got on the plane.”
An Entrepreneurial Discovery course with Mark Tebbe, adjunct professor of entrepreneurship, prepared Epstein to interview potential customers and iterate quickly. Raghu Betina, clinical assistant professor of operations management and entrepreneurship, taught her app development and helped her build a prototype. Gregory D. Bunch, adjunct professor of entrepreneurship, “was very supportive, sharing the personal stories behind founders and more of the emotional side,” which helped her navigate the challenges of launching a business, Epstein adds. Bunch also helped introduce her to investors such as Dickinson, the liver transplant recipient, who had made a career of launching aviation businesses. “Since I knew both the aviation piece and the transplant piece, I decided to invest,” Dickinson says. “It’s a pretty cool business.”
“There was a lack of transparency between the pilots and the staff traveling. Medical staff didn’t always know what company they were going with until they got on the plane.”
— Laura Epstein
At the same time, technological advances are allowing medical staff to preserve organs longer and in better condition before transplant. Traditionally, organs were kept in cold storage. Now, medical professionals are turning to machine perfusion, which circulates a specialized solution through a donor organ to simulate blood flow while monitoring conditions such as temperature and oxygen levels. It is becoming more widely used in kidney, liver, and lung transplants.
George Li, SB ’24, SM ’25, won the Polsky Center for Entrepreneurship and Innovation’s College New Venture Challenge in 2022 for a proposal to create a perfusion system that would store organs at conditions meant to replicate the human body. He and former UChicago medical researcher Daniel Rodgers founded OrganX Scientific, which received $60,000 in investment through the competition.
Li was inspired to start his business after participating in a medical flight transporting a donor heart for transplantation. Li was shocked to see the heart wrapped in plastic bags with saline solution and ice and placed in a cooler. “I thought there had to be a better way forward,” he says.
As he constructed his business proposal, Li took Developing a New Venture, a course taught by Starr Marcello, AM ’04, MBA ’17, adjunct associate professor of entrepreneurship and deputy dean for MBA and masters programs. “The course gives students access to an unusual level of support and real-world expertise,” he says.
Li is hopeful about developments in machine perfusion and about experiments such as creating organ tissue out of stem cells and xenotransplantation, which is transplantation between two different species.
“The No. 1 issue is access,” he says. “The shortage is what everybody talks about. If it’s possible to increase access through a variety of methods, whether xenotransplantation or bioengineering, that would be the dream. People could have a new organ without having to wait years or compete with others. We all go into healthcare to make other people’s lives better, so that’s something I’d really love to see.”
During his masters in computer science at UChicago, Li took Booth courses such as Entrepreneurship for Science and Medicine with Robert Altman, adjunct professor of entrepreneurship. “Many scientists have little formal exposure to business concepts,” Li says, “but scientists frequently turn out to be outstanding founders, since skills such as hypothesis-driven thinking, experimentation, and systematic problem decomposition translate well to entrepreneurship.”
Pig Kidney Now, Human One Later
According to 2025 research by a team that includes Professor Barış Ata and Yucel Naz Ozyoruk, PhD ’25, more patients would survive longer if they were to receive a pig kidney but be prioritized for a human kidney if the first transplanted organ were to fail.
Looking Beyond Traditional Transplants
Scientists and entrepreneurs are collaborating to find ways of increasing access to healthy organs without relying on conventional donation. Jerry He, SM ’97, MBA ’04, is chairman and CEO of Harvard Apparatus Regenerative Technology, which is working on using a patient’s own stem cells that are grown on a 3D tubular scaffold to generate new organ tissue. The company is conducting a Phase 1 clinical trial in the US to test the safety and efficacy of implanting an esophagus created in this manner. One patient successfully received such an implant but died of an unrelated cause seven months later.
If further trials show that it’s possible to replace a damaged esophagus using a new organ grown from a patient’s own cells, the larger goal will be to extend the technology to other organs such as the colon or intestines.
“When you take a donor’s organ and surgically put it into a body, the recipient has to take an immunosuppressive drug for a long period of time to prevent their immune system from rejecting the organ,” He explains. “But if you can use the patient’s own stem cells to regenerate the organ, and there’s no waiting and no rejection, it could save a lot of problems.”
He, who was CEO and executive vice chairman of a Chinese education company before entering biotech, says his Booth education helped him translate principles of finance and strategy across industries. “In terms of the business perspective, you are always looking at the market needs, the execution of the business plan, operational efficiency, and maximizing the investment dollars,” he says. Now, he is using his experience in raising capital to help more patients. “If we can succeed in growing organs back, it would be very meaningful for human lives,” he says.
Meanwhile, researchers have moved ahead with experiments in xenotransplantation, using genetically engineered pigs’ kidneys because of their physiological similarities to humans’. Clinical trials are underway in the US; one patient lived with a porcine kidney for nine months before the organ had to be removed because its function had deteriorated.
“If you can use the patient’s own stem cells to regenerate the organ, and there’s no waiting and no rejection, it could save a lot of problems.”
— Jerry He
Ata is intrigued by the technology’s potential to reduce organ shortages and eliminate the thorny allocation questions he has grappled with for years. “In the long term, if this technology really improves—and I hope it will—it could make that problem go away,” he says. (He acknowledges that xenotransplantation brings its own ethical issues, such as whether it is moral to raise an animal for the purpose of harvesting its organs.)
Ata and his research team, which included Yucel Naz Ozyoruk, PhD ’25, recently explored what criteria should be used to choose participants for the clinical trials.
So far, transplanted pig kidneys have survived in monkeys for up to two years. Because of this relatively short time period, the researchers initially could not identify a sizable group of human patients who would be better off accepting a xenotransplanted kidney than waiting for a human kidney to become available.
“The role of scientific inquiry is to find the truth,” Ata says. “We thought we were going to find the right people to be in this trial. After doing a lot of different kinds of things, we were getting a negative result. You can’t really find those people. So if we can’t do that right now, what is the next best thing? Who is most likely to benefit from this?”
The researchers analyzed three decades of transplant data and ultimately identified the patients who are likely to benefit the most from xenotransplantation: those aged 50–65 who have diabetes and have been waiting more than three years for a kidney transplant. Patients in this category with blood type B or O are especially likely to benefit, because they tend to spend more time on the waiting list. (See “Pig Kidney Now, Human One Later,” and read more about the research in “One Way to Increase the Supply of Kidneys” in Chicago Booth Review.)
“In the grand scheme of things, nearly 100,000 people are waiting,” Ata says. “If you include dialysis patients, who will likely need a new kidney eventually, the number is even larger. Unfortunately, about two-thirds of the people who sign up to get a deceased-donor organ end up dying before they receive an organ. All that earlier allocation work we’ve done helps, but only on the margin. This could be a first-order improvement.”
As Ata’s research shows, a business education can apply in unexpected ways. Creative thinkers in economics, operations, behavioral economics, management, and entrepreneurship all play a part in solving the complex challenges of the organ transplantation system. Supported by scientific breakthroughs, they may ultimately reduce organ shortages and save lives.
US Organ-Transplant Milestones and Regulations
1954
First successful kidney transplant performed, between identical twins
1967
First successful liver and heart transplants performed
1977
First computer-based system for matching organs launches and becomes the foundation for the United Network for Organ Sharing
1982
First successful implant of a permanent artificial heart performed
1984
National Organ Transplant Act creates a framework for a national organ-allocation system
1986
UNOS, now a nonprofit organization, receives the initial federal contract to operate the Organ Procurement and Transplantation Network
2023
President Joe Biden signs the Securing the US Organ Procurement and Transplantation Network Act, overhauling the US organ transplant system
Noted Research
Mazhar Arikan, Barış Ata, John J. Friedewald, and Rodney P. Parker, “Enhancing Kidney Supply Through Geographic Sharing in the United States,” Production and Operations Management, August 2017.
Barış Ata, Yichuan Ding, and Stefanos Zenios, “An Achievable-Region-Based Approach for Kidney Allocation Policy Design with Endogenous Patient Choice,” Manufacturing & Service Operations Management, March 2020.
Barış Ata, Robert A. Montgomery, Yucel Naz Ozyoruk, Brendan Parent, and Jesse D. Schold, “Patient Selection for Xenotransplant Human Clinical Trials: A Data-Driven Approach,” Transplantation, April 2025.
Gary S. Becker and Julio Jorge Elías, “Introducing Incentives in the Market for Live and Cadaveric Organ Donations,” Journal of Economic Perspectives, Summer 2007.
Richard H. Thaler and Cass R. Sunstein, Nudge: Improving Decisions About Health, Wealth, and Happiness, New Haven: Yale University Press, 2008.
———, Nudge: The Final Edition, New York: Penguin Books, 2021.