Officials at UNC Hospitals said the money transfer is normal because UNC’s School of Medicine does not earn profit.
According to the report, UNC Hospitals ended fiscal year 2011 with a 5 to 6 percent profit margin and was easily able to contribute the $20 million. Mr. Atkinson, however, was concerned how the public funds were being used across the systems.
Related Articles on Hospital Budgets:
6 Ways Hospitals Can Survive the Onslaught of Medicare Cuts
Survey: 61% of Healthcare Providers Increasing IT Staff
LSU Health Shreveport in Louisiana Looks to Cut Another $7M to Offset $14M Shortfall
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.
