U-M Health System's cash reserves top those of OSU hospital
The Columbus Dispatch conducted an analysis of the ability of nine top academic medical centers in the country to operate without bringing in more revenue.
In 2008, UMHS would have been able to operate for 329 days -- which has since decreased to 191 days in 2012, according to the Dispatch report.
OSU's hospital landed near the bottom of the list, as it would be able to operate for about 59.5 days in 2012 with frozen revenues. In 2008 that figure would have been 55.8 days.
The analysis also compared earnings and debt-service charges between UMHS and OSU, as well as University of Alabama-Birmingham, University of California-Los Angeles, University of California-San Francisco, University of North Carolina, University of Washington and University of Wisconsin.
UMHS has been in the midst of a difficult budget year: Its bond rating was downgraded in late 2012 and its CEO Dr. Ora Pescovitz emailed health system employees asking them to look for ways to cut expenses.