AT THE FOREFRONT OF OUR COMMUNITY

Providing Benefits and ServicesThe University of Chicago is home to world-class medical, research and teachingfacilities where innovation has been a hallmark and has helped position it as avaluable resource for the underserved populations of Chicago’s South Side.The University of Chicago Medical Center provides millionsof dollars in free or discounted medical care. It also subsidizesgovernment insurance programs, which reimburse at ratesmuch lower than the cost of care. In fact, nearly 56 percent ofits patients received medical coverage through governmentprograms in the fiscal year ended June 30, 2011. That’s about12 percent above the national average for the hospital industry.The University of Chicago Medical Center has formed valuablecommunity partnerships, trained future health professionalsand supported vital research to improve the health of theneighborhoods it serves. As the South Side’s largest privateemployer and one of the largest in Chicago, the university andthe medical campus add to the economic vitality of the region bycreating jobs and other opportunities for minorities and women.Altogether, the University of Chicago Medical Center and theBiological Sciences Division provided $237.1 million in totalbenefits and services to the community in fiscal 2011. Thatamounted to 21.4 percent of total operating revenues.$237.1 MILLIONCommunity benefits, services in fiscal 201121.4% of $1.11 billion total operating expensesUniversity of Chicago Medicine2MEDICAREPROGRAM LOSSES$100.7 MILLIONMedicare is a federalhealth insurance programfor people 65 and olderand for those withcertain disabilities. Thisfigure is the amountnot reimbursed by thegovernment-sponsoredprogram. As withMedicaid, Medicarepayments to health careproviders are significantlyless than the cost of care.MEDICAIDPROGRAM LOSSES*$37.7 MILLIONMedicaid is a federal-statehealth insurance programfor low-income andother needy people. Aswith Medicare, Medicaidpayments to health careproviders do not coverthe cost of care. TheUniversity of ChicagoMedical Center is oneof the top providersof Medicaid inpatientcare in Illinois.MEDICALEDUCATION*$44.9MILLIONTo help subsidizethe cost of trainingtomorrow’s doctors,the University ofChicago providesassistance withexpenses not coveredby tuition grantsand scholarships.MEDICALRESEARCH$23 MILLIONThis signifies theunreimbursedcost of supportingresearch on waysto prevent, detectand treat disease.CHARITYCARE*$14.4 MILLIONThis represents thecost of providingnecessary servicesto patientswith significantfinancial hardshipswho qualify for freeor discounted care.CASH AND IN-KINDCONTRIBUTIONS*$773,441This figure reflectsdonations to communityorganizations andsubsidies for services tomeet community needs.UNCATEGORIZEDCOMMUNITYBENEFITS$3 MILLIONThis includes subsidizedhealth services,community activities, andsupport for volunteersand interpreters.UNRECOVERABLEPATIENT DEBT$12.6 MILLIONHospitals absorb patientdebt when they cannotcollect expected paymentfor health services. This alsois known as “forgiven debt.”* An IRS-defined category of community benefit Components of community benefit for fiscal year 2011 (measured at cost). The numbers and data in this report wereprepared based on the Illinois Attorney General’s guidelines for fiscal year ended June 30, 2011.