In 2012, the University of Michigan Hospitals and Health Centers ended the fiscal year ahead of projections despite a challenging climate and major capital expenditures that are helping us build for the future. Learn more here.
UMHHC's financial stability is also reflected in its excellent bond ratings with both Moody's Investors Service Inc. and Standard & Poor's. This bond rating is among the highest in health care systems across the industry and reflects a strong and sustainable financial position.
The Hospitals and Health Centers are fully self-supporting and do not receive funding from the State of Michigan’s General Fund. UMHHC is a vital part of a financially strong public university system. We understand that quality, efficiency, the best people and excellent leadership are an equation that works for us – and for our entire community.
Hospitals and Health Centers Operating Expenses & Revenues
|
|
FY ’12 |
FY ’13 |
FY ’14 |
|
(in billions) |
|||
| Operating Revenue |
$2.1 |
$2.3 |
$2.5 |
| Operating Expense |
$2.1 |
$2.3 |
$2.5 |
| Operating Margin* |
-.3% |
0.0% |
0.7% |
*Each year UMHHC’s operating margin is reinvested in patient care facilities and programs.
Insurance Status of Patients
|
|
FY ’12 |
FY ’13 |
FY ’14 |
| Blue Cross/Blue Shield |
41% |
39% |
38% |
| Commercial Insurance |
13% |
15% |
16% |
| Medicare |
28% |
28% |
29% |
| Medicaid |
13% |
13% |
13% |
| Patient Pays |
4% |
3% |
2% |
| Other (uncompensated care) |
1% |
2% |
2% |
| Total |
100% |
100% |
100% |
MedicalSchool
|
|
FY ’12 |
FY ’13 |
FY ’14 |
|
(in millions) |
|||
| Research (Direct and Indirect) |
$438.1 |
$454.9 |
$406.8 |
| Patient Care (Includes Services to Hospitals) |
$637.6 |
$652.2 |
$702.3 |
| Investment Income |
$63.5 |
$66.1 |
$67.0 |
| Transfers and Other Revenue |
$60.1 |
$74.4 |
$78.8 |
| Provost Allocation |
$33.7 |
$33.5 |
$50.8 |
| Gifts and Gifts for Endowment Purposes |
$29.0 |
$34.5 |
$45.3 |
| Tuition |
$36.1 |
$36.1 |
$36.4 |
| Total |
$1,289.1 |
$1,351.7 |
$1,387.4 |
Philanthropy
Michigan Medicine and the University of Michigan Medical School benefit from the generosity of thousands of individuals, friends, alumni, corporations, foundations and other individuals who support our work. To make a gift online or for more information, please contact the U-M Office of Medical Development and Alumni Relations.
|
|
FY ’12 |
FY ’13 |
FY ’14 |
| Number of Endowed Professorships |
204 |
230 |
244 |
| Market Value (in millions) Endowments and Quasi-endowments |
$773 |
$821 |
$956.7 |