UCSF STANFORD HEALTH CARE: EXPECTS $21 MILLION PROFIT
UCSF Stanford Health Care, the newly created entityThis is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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).