FY10 Financial Performance Presented to the University of Illinois - PowerPoint PPT Presentation

FY10 Financial Performance Presented to the University of Illinois Board of Trustees September 23, 2010 1 1

Patient Days 140,000 125,818 124,352 122,730 117,248 118,487 115,470 113,873 114,676 111,017 120,000 108,728 107,243 100,000 80,000 60,000 40,000 20,000 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 2

Patient Discharges 25,000 20,487 19,911 19,407 20,000 18,476 18,223 18,116 17,936 18,025 17,811 17,089 17,293 15,000 10,000 5,000 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10

Outpatient Visits 500,000 447,079 448,520 442,289 437,493 450,000 422,096 419,582 425,245 419,514 407,487 396,039 400,000 368,927 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10

Payor Mix (% of Patient Days) Self-Pay & Other Public Aid 6% 40% Blue Cross 0% Commercial 2% HMO/PPO 28% Medicare 24%

Claim on Cash (data in millions) Ending cash balance $152.2 $160 $150 $129.9 $140 $130 $120 $110 $100 $83.5 $90 $80 $59.0 $70 $60 $43.7 $50 $36.9 $40 $19.2 $25.8 $23.3 $30 $12.6 $18.0 $20 $10 $0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 Est

Cash Collections (data in millions) $521 $550 $500 $428 $431 $450 $391 $400 $362 $322 $350 $299 $268 $300 $229 $250 $208 $197 $200 $150 $100 $50 $0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 Est

Net Income (data in millions) $70 $60.5 $60 $50 $40 $30 $20 $10.1 $8.2 $7.7 $10 $4.2 $5.8 $5.5 $3.0 $2.7 $1.0 $(2.3) $- FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 $(10) Est

University of Illinois Physician Group Practice (Medical Service Plan) Summary FY 2010

Illinois Medicine: Enterprise Goals Rockford Diversity and Public Service Chicago Institute on Urban Medicine National Center for Rural Health International Programs & Affiliations Patient Safety Peoria Public private research partnerships Urbana M.S. in Patient Safety Leadership Graduate Certificates • Patient Safety Organizations • Patient Safety, Error Science, & Full Disclosure Statewide Resource Only major public academic medical center in Illinois Educational & Clinical services reach every county in Illinois Illinois TeleHealth Initiative

FY 2010 Expenditure Portfolio Hospital, $19,360,919 MSP, $168,627,968 4% 34% Grants and Self Supporting Contracts, Services, $141,367,459 $65,058,241 29% 13% State GRF, $34,693,002 State Tuition, 7% $38,361,360 8% Institutional (ICR), Gifts, $10,392,752 $12,089,214 2% 3% Total COM Expenditures: ~$471M (medical school accounts) *MSP = Physician Group Practice

G ROUP P RACTICE P LAN Revenue, Expense, and Net Income FY 2004 - FY 2010 $200,000,000.0 $150,000,000.0 $100,000,000.0 $50,000,000.0 $0.0 2004 2005 FY 2006 FY 2007 FY2008 FY 2009 FY2010 ($50,000,000.0) MSP Revenue MSP Expense Self Supporting Services Revenue MSP Profit/Loss

G ROUP P RACTICE P LAN C ASH R ESERVES FY 2006 - FY 2010 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 FY 2006 FY 2007 FY2008 FY 2009 FY2010

G ROUP P RACTICE P LAN FY2010 G ROUP P RACTICE P AYOR M IX V S N ATIONAL B ENCHMARKS 60% 50% 40% 30% 20% 10% 0% Comm/PPO Medicare Medicaid Self Pay Other MSP 41% 20% 28% 9% 2% MGMA* 53% 29% 11% 5% 2% *MGMA = Medical Group Management Association

University of Illinois Medical Center Safety Report Presented to the Hospital Committee of the Board of Trustees of the University of Illinois September 22, 2010 W.H. Chamberlin, MD

Adverse Events • 4000 adverse events and unsafe conditions reported in FY10. An emphasis on reporting, root cause analysis, and improving systems has resulted in the following: – 38 Patient and Family Communication Consults – 3 clear harm errors with full disclosure – 30 Process improvements

Research-Grants and Publications • Timothy McDonald and colleagues were awarded a $3,000,000 grant from the Agency for Healthcare Research and Quality to disseminate and evaluate the “Seven Pillars” program for responding to adverse patient incidents to nine Chicago-area hospitals including Resurrection, Vanguard, and Mount Sinai hospitals. • David Mayer and his colleagues were awarded $100,000 from the Anesthesia Patient Safety Foundation to disseminate the proven effective use of lipid rescue to treat local anesthetic toxicity. • Rachel Yudkowsky and colleagues were awarded a $100,000 grant from the Agency for Healthcare Research and Quality to evaluate the impact of a virtual reality simulator on Neurosurgery resident training and in-situ performance of ventriculostomy.

Education • A Patient Safety and Medical Liability workshop was funded by the Agency for Healthcare Research and Quality and held in Telluride, Colorado. Students attended from throughout the country and were represented by schools of Medicine, Nursing, Pharmacy, Applied Health Science, Public Health, and Law.