UCSF STANFORD HEALTH CARE: Expects $21 Million Profit
UCSF Stanford Health Care, the newly created entity resulting from the November merger of the University of California-San Francisco Medical Center and Stanford Health Care, is expected to see "nearly $21 million in operating profit in [its] first year of operations," the San Francisco Business Times reports. According to CFO Lawrence Furnstahl, the combined system's net income, including income from investments, will likely approach $32 million, approximately 2.25% of its projected $1.4 billion operating budget. "This represents a solid first-year start, with considerable upside potential," he said, noting that the system "expects to see greater profits as further cost savings kick in over the next few years" (Rauber, 1/26).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.