Healthcare finance professionals closely watch days cash on hand, and for academic medical centers, that metric of immediate solvency varies greatly.
The Columbus Dispatch analyzed cash on hand, as well as EBIDA and debt service coverage ratio, for nine AMCs across the country: The Ohio State University Wexner Medical Center, UAB Health System in Birmingham, Ala., Ronald Reagan UCLA Medical Center in Los Angeles, UC San Diego Medical Center, UCSF Medical Center in San Francisco, University of Michigan Medical Center in Ann Arbor, UNC Health Care in Chapel Hill, University of Washington Medical Center in Seattle and University of Wisconsin Hospital and Clinics in Madison.
Here are some of the newspaper's main findings:
• In 2012, UNC Health Care had the highest total days cash on hand with 246.8. UC San Diego had the lowest with 49.
• Two other AMCs had fewer than 100 days cash on hand: UCSF Medical Center (52) and Ohio State's Wexner Medical Center (59.5).
• The AMC that collected the most cash on hand from 2008 to 2012 was UNC Health Care, which went from 108.6 to 246.8. The AMC that lost the most reserve cash was University of Michigan Medical Center, which went from 329 days cash on hand to 191.
• UCLA recorded the highest EBIDA at 18.1 percent, while University of Michigan Medical Center recorded the lowest at 8.2 percent.
The Columbus Dispatch analyzed cash on hand, as well as EBIDA and debt service coverage ratio, for nine AMCs across the country: The Ohio State University Wexner Medical Center, UAB Health System in Birmingham, Ala., Ronald Reagan UCLA Medical Center in Los Angeles, UC San Diego Medical Center, UCSF Medical Center in San Francisco, University of Michigan Medical Center in Ann Arbor, UNC Health Care in Chapel Hill, University of Washington Medical Center in Seattle and University of Wisconsin Hospital and Clinics in Madison.
Here are some of the newspaper's main findings:
• In 2012, UNC Health Care had the highest total days cash on hand with 246.8. UC San Diego had the lowest with 49.
• Two other AMCs had fewer than 100 days cash on hand: UCSF Medical Center (52) and Ohio State's Wexner Medical Center (59.5).
• The AMC that collected the most cash on hand from 2008 to 2012 was UNC Health Care, which went from 108.6 to 246.8. The AMC that lost the most reserve cash was University of Michigan Medical Center, which went from 329 days cash on hand to 191.
• UCLA recorded the highest EBIDA at 18.1 percent, while University of Michigan Medical Center recorded the lowest at 8.2 percent.
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