Here are three things to know about the issue.
1. Administrators for UIHC saidincreasing patient rates will help the organization stay up with the rising cost of doing business and the opening of the new $360 million, 507,000-square-foot UI Children’s Hospital later in 2016.
2. In explaining the increase, UIHC noted that the organization reported an operating income of $84.1 million in the 2015 budget and a similar operating income of $84.4 million this year, according to The Gazette. But because of rising expenses, including the cost of opening the Children’s Hospital, anticipated operating income in the 2017 budget is expected to decrease to $52.5 million, or 37.8 percent, UIHC said.
3. UIHC’s net operating income is projected to grow to $1.5 billion in 2017, compared to $1.4 billion in 2016 and $1.3 billion in 2015, according to The Gazette. UIHC administrators attribute those increases primarily to a surge in admissions at the UI Hospitals and Clinics in Iowa City, which have gone up 3,898 over the past six years.
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