Medical Center operating in black
Center Operating Board met Feb. 19 and heard a variety of
reports, including a presentation on the work of the Pituitary
Center, a report on the School of Nursing’s efforts to increase
enrollment, and a mid-year status report on the Medical Center’s
Dr. Edward R. Laws Jr., chief of the center, presented details
about the work of the center, which performs more operations on
pituitary tumors than anywhere else in the world.
Laws hopes to broaden the capabilities of the center in coming
Jeanette Lancaster, dean of nursing, presented her plan to increase
enrollment by 32 percent, to 644 students from 489. “We
need to meet a social need for more nurses,” she said. But
to increase enrollment, the school will require new classrooms
and laboratories, and space for additional faculty, as well as
more faculty for clinical supervision.
Larry L. Fitzgerald, chief financial officer, reported that the
first half of fiscal year 2004 ended with an operating margin
of 5.5 percent, which is above the targeted 3.9 percent. Total
operating revenue was 1.4 percent above budget for the first half
of the fiscal year and 11.1 percent above the prior year, while
the total operating expenses were just below budget, but 12.2
percent higher than the previous year. Inpatient admissions were
7.6 percent above budget and 9.3 percent above the prior year.