UAMS Operating Loss May Top $46 Million

by Mark Friedman  on Monday, Oct. 6, 2008 12:00 am  

The University of Arkansas for Medical Sciences will open its $150 million nine-story hospital in January. The Patient Tower will feature larger patient rooms, an emergency department, a clinical lab and a a radiology department.

Wilson said he also couldn't predict what fiscal 2010 will look like.

"The revenue figures may turn out to be too high or too low, and the expense figures maybe too high or too low," Wilson said. "If [expenses are] too high, we have to reduce them because we will manage to [attain] a positive bottom line in total."

When fiscal 2010 begins on July 1, 2009, Wilson is expected to be retired. Johnson said the trustees are discussing whether Wilson's successor as chancellor should be a medical doctor, like Wilson and his predecessor, Harry Ward, or someone with a business background to manage what has become a business with annual revenue of $1 billion.

"You've got a major economic engine for central Arkansas and for the state," Johnson said. "And I think the days that doctors can run a hospital or be a chancellor may be a thing of the past." 

 

 

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