Red ink at UAMS | Arkansas Blog

Monday, November 30, 2009

Red ink at UAMS

Posted By on Mon, Nov 30, 2009 at 10:38 AM

Arkansas Business' Mark Friedman pores over the UAMS books and finds they've papered over operating losses with capital gifts to show a positive outcome for the big medical sciences campus' last fiscal year. Operating losses in October alone were $2.8 million.

Dr. Daniel Rahn, the new UAMS chancellor, hasn't ruled out layoffs as part of his strategy to correct things, but other cost-cutting measures are first up. Some investments may have to be sold to meet cash flow and to complete the Rockfeller Cancer Insitute tower. A drop in state subsidy, a decline in investment income and new jobs and facilities have all contributed to the situation.

Rahn, who had been president of the Medical College of Georgia, said he has plans to stop the bleeding.

He has asked all sections of the campus to "constrain spending to the extent possible to create some operating margin."

Rahn said no pay cuts were planned, but overtime would be reduced.

Rahn also said UAMS was going to take a hard look at medical tests that are ordered, such as X-rays, to see if they're really necessary.

He projects cost-cutting moves could save the hospital $3 million a month.


Sign up for the Daily Update email
Favorite

Comments (9)

Showing 1-9 of 9

Add a comment

 
Subscribe to this thread:
Showing 1-9 of 9

Add a comment

More by Max Brantley

Readers also liked…

  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016
  • Sabin's subterfuge in the race for mayor has roots in rigged city government

    The Arkansas Democrat-Gazette reports that an ethics complaint has been filed saying that the exploratory committee Rep. Warwick Sabin created to prepare for a run for Little Rock mayor was a subterfuge to avoid the city ordinance that doesn't allow campaign fundraising to begin until five months before the November 2018 election.Of course it is.
    • Aug 10, 2017
  • UPDATE: Hutchinson moves to cover himself on cut to War Memorial Stadium

    Gov. Asa Hutchinson apparently felt the burn from KARK's exclusive Tuesday night on his plans to cut state support of War Memorial Stadium in half beginning July 1, 2018. He has a so-far secret plan to make the stadium self-sustaining. We bet that doesn't include state support.
    • Oct 20, 2016

Most Viewed

  • The Tom Cotton Big Lie open line

    Here’s the Saturday open line with some info on Tom Cotton's attack on Clarke Tucker, apparently viewed as a threat to French Hill's re-election from the 2nd District.

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation