The money was raised as part of the university’s “Victors for Michigan” campaign, which launched in 2013 and is slated to end Dec. 31. It’s initial goal was to raise $4 billion.
More than 382,000 donors pledged dollars to University of Michigan to push the campaign over $5 billion. The university plans to use $1.1 billion for student support and more than $1.4 billion for the school’s academic medical center.
The funds for the academic medical center will support patient care, research and education.
“I am thrilled with the broad base of support we’ve been able to secure through this campaign,” Stephen Ross, campaign chair, told The Detroit News.
More articles on healthcare finance:
$1.8M spent on ballot measure to limit charges of Palo Alto healthcare providers
RCM tip of the day: Use intradepartment relationships to address the revenue cycle blind spot
Verity Health System’s bankruptcy sparks concern from union members
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.