Michigan Medicine shares expected positive financial results for fiscal year 2018
Michigan Medicine reported fiscal year-end results Thursday, with an anticipated 2.4 percent ($103 million) operating margin on budgeted operating revenues of $4.3 billion for the academic medical center.
The financial results for Michigan Medicine include performance from the organization’s three hospitals, 125 clinics and the U-M Medical Group, as well as U-M Health, which represents Michigan Medicine affiliations.
David Spahlinger, M.D., presented the projection of positive year-end results for fiscal 2018 along with the fiscal 2019 plan Thursday to the U-M Board of Regents during its monthly meeting.
“We’ve created a strategic framework that allows us to execute our long-term vision of being a healthcare provider of choice and an employer of choice in the state of Michigan,” said Spahlinger, executive vice dean for clinical affairs and president of the U-M Health System. “Our results reflect the commitment of our dedicated faculty and staff to providing excellent health care, improving our patients’ experiences and elevate the quality and efficiency of our services.”
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