Shaping Our Future

Shaping Our Future: Securing Our Future Interactive Q & A

Learn more about the impact of health care reform and sequestration on Penn Medicine. On the “Securing our Future” Q&A hear directly from Penn Medicine leaders about the actions we are taking to position Penn Medicine for continued success by reinvesting our resources in key priorities that help advance our tripartite missions of research, education and patient care.

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Friday, August 8, 2014

Why is the Perelman School of Medicine budget so tightly aligned with the financial performance of the Health System?

Peter D. Quinn, DMD, MD
Vice Dean for Professional Services, SOM & SVP for CPUP; Professor, Oral and Maxillofacial Surgery & Pharmacology
Clinical revenues support our other missions. While we have additional sources of funding that includes: tuition & fees, philanthropy, endowments, federal/state funding and research grants---these sources only contributed
17% toward our total revenues in FY 12.

We are fortunate to have realized a +7% operating margin through the strong financial performance of the Health System over the past several years. This has produced the necessary revenue for reinvesting in our education and research missions. In FY 05 the Health System transferred $38M to the School of Medicine--in FY 13 that figure increased to $102M representing a 15% funding increase per year. During the same time period, CPUP IETS increased from $100M in FY 05 to $264M in FY13.

All of Penn Medicine benefits when the Health System realizes favorable operating margins.
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