Home Health Care MU has a plan to turn around MU Health Care financial downturn

MU has a plan to turn around MU Health Care financial downturn

by Universalwellnesssystems

The University of Missouri Healthcare, long the financial engine of the University of Missouri System, is facing financial headwinds, Ryan Rapp, UM System’s executive vice president of finance, told the curatorial committee last week. .

But it remains healthy and will withstand challenges to turn around, Rapp told the board.

“MU Healthcare faces financial constraints as spending growth outpaces operating revenue growth while high capital expenditures are draining the healthcare system’s debt capacity,” said a director. “MU Healthcare’s financial plan represents a commitment by management to return financial performance to target over a five-year period. , MU Healthcare should submit a turnaround plan to the President and provide a detailed update to the Finance Committee.”

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