Medical Center opens symbol
By Fariss Samarrai
years ago we saw destruction, said U.Va. Medical
Center chaplain Richard Haines during the Sept. 11 ribbon-cutting
ceremony and formal opening of the new Medical Office Building
at Fontaine Research Park. Today we dedicate a symbol of
building houses U.Va.s new open magnetic resonance imaging
unit, and will house the Universitys endocrinology and metabolism
services as well as a neurosurgery clinic and the diabetes education
and management program. Future expansion will add ear, nose and
throat, digestive health and neurology clinics.
Arthur Tim Garson, vice president and dean of the
School of Medicine, noted that some of the clinical work at the
new building is possible because of the translational research
conducted at the University, such as cell investigations that
eventually lead to direct and tangible medical applications.
of the Medical Center Operating Board participated in the ceremony
and later toured the building. They then held their first meeting
of the fiscal and academic year in the new facility.
Edward Howell, vice president and chief executive officer of the
Medical Center, opened the meeting with the first report of the
financial state of the Medical Center is solid, he said.
mentioned that the hospital has received full accreditation and,
for the 14th year in a row, was named one of the nations
best hospitals. He said the hospitals biggest challenge
in coming years is to respond to the growing demand for services.
Fitzgerald, chief financial officer, said surgical admissions
to the hospital have been increasing, leading to greater profitability
for the Medical Center. The hospital also has added nine additional
inpatient beds in recent months, which expands its ability to
accommodate surgical patients.
reported that the Medical Centers operating expenses for
fiscal year 2003, which ended June 30, were $614.3 million. Operating
revenue was $652.1 million, resulting in an operating income net
of $37.8 million, a margin of 5.8 percent.
originally budgeted for a 3.4 percent margin. Such profitability,
which is reinvested in the Medical Center, will help administrators
reach their expansion, research and recruitment goals.