Wednesday, November 14, 2012

Employees, investments up at KU Hospital for 2012

News Release

The University of Kansas Hospital has continued its role as an “economic engine” for Wyandotte County, the State of Kansas and the greater Kansas City metropolitan area.

Members of The University of Kansas Hospital Authority Board were told the hospital invested another $117.1 million in capital expenditures in Fiscal Year 2012, which ended June 30, 2012.

Major hospital investments in FY 2012 included the recently completed expansion of the Center for

Advanced Heart Care, the continued development of the hospital’s electronic medical record system, construction of six new operating rooms and the acquisition of seven more operating rooms at the Indian Creek Campus.

The fiscal year total means the hospital’s combined capital expenditures stand at $888 million since The University of Kansas Hospital Authority was established in 1998.

In the 14-year history of the Hospital Authority, the number of hospital employees has increased more than 2 ½ times– from 2,200 employees in 1998, to more than 5,892 during the current fiscal year.

“We began the Hospital Authority in 1998 with the idea of focusing our resources on taking care of patients would lead to growth and financial stability.  It has turned out to be a sound direction,” said Bob Page, president and chief executive officer of The University of Kansas Hospital. “We will continue to invest in quality facilities for our patients, leading-edge technology, as well as in our caregivers.  No matter what changes are ahead in the healthcare landscape, this approach is best for our patients and therefore best for the hospital.”

Total hospital revenue for Fiscal Year 2012 was up 22.2 percent from the previous year at approximately $1,062,200,000.  Among other factors, the revenue growth included the first full year since the merger with Kansas City Cancer Center.

The cost of uncompensated care for the fiscal year was $41.8 million

The hospital’s financial contributions supporting faculty salaries, academic programs and paid services at the University of Kansas Medical Center hit $106.7 million in Fiscal Year 2012 – a 21 percent increase over the year before.

The University of Kansas Hospital receives no tax appropriations from state or local governments.