Tuesday, June 19, 2012

University Hospital cuts contribution to U of L by half

University Hospital. Photo by Bill Luster, The Courier-Journal.
In the midst of financial woes, University Hospital gave just half of what it normally does to the University of Louisville Health Sciences Center — and is considering reducing its contribution to zero.

The hospital gave $5.5 million rather than its usual $11 million annually.

In the past, critics have asked why the hospital wasn't using the funds given to the health center to shore up its own financial problems. Dr. David Dunn, U of L's executive vice president for health affairs, said "symbiotic arrangements between teaching hospitals and health sciences centers are common across the nation, and cutting the contribution in half has meant struggles to recruit and retain physicians and nurses," Laura Ungar reported for The Courier-Journal.

University Hospital has long been looking at ways to stabilize its finances. Last year, Gov. Steve Beshear nixed plans for the hospital to merge with a Catholic health system since it would have been subject to Catholic health directives. Since, it's been looking for a new merging partner, a process that has been delayed until the end of this month. (Read more)

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