The University of Michigan Health System (UMHS)
is the wholly owned academic medical center of the University of Michigan
in Ann Arbor
. It includes the U-M Medical School, with its Faculty Group Practice and many research laboratories; the U-M Hospitals and Health Centers, which includes University Hospital, C.S. Mott Children's Hospital
, Women's Hospital, 120 outpatient clinics, approximately 40 health centers, the U-M School of Nursing and Michigan Visiting Nurses.
UMHS also includes the Michigan Health Corporation, through which UMHS partners with other medical centers and hospitals to provide specialized care throughout Michigan
. UMHS also partners with Blue Cross Blue Shield of Michigan
in a joint venture called Michigan HealthQuarters, formed in 2007 as a center for health care quality research and transformation.
In July 2008, the University of Michigan Hospitals & Health Centers finished its 12th straight fiscal year in the black, with an operating margin of 1.6 percent ($26 million) on revenues of $1.72 billion. In 2007, the Hospitals and Health Centers attained an operating margin of 3.9 percent ($61.7 million) on revenues of about $1.57 billion. UMHS has set a goal of achieving 3 percent operating margins per year for the next 10 years in order to continue investing in its massive facilities expansion. As a not-for-profit entity, UMHS uses positive operating margins to fund continued advances in patient care, education, research, and the facilities needed to... Read More