UM Health’s revenue exceeded $1 billion in fiscal year 2018, with operating income hitting a record $104 million. In order to sustain these profits for a decade, the system will make significant cuts, though leaders did not disclose where the cuts would come from.
“It’s not a very good picture. If you stick with status quo, and we don’t implement different strategies, then essentially you drop off the table,” said Mike Blair, CFO of MU Health. “It’s not going to be easy, but we can get $25 million out of our system.”
More articles on healthcare finance:
How 3 healthcare leaders would improve the revenue cycle process
Rural California hospital ‘defying gravity’ as it changes strategy to survive
Washington woman lobbies for surprise billing solution
