UIHC officials present updates to Regents

BY DI STAFF | MARCH 22, 2012 6:30 AM

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University of Iowa Hospitals and Clinics officials said they're experiencing a slight budget lag at the state Board of Regents meeting Wednesday afternoon.

Officials said supply-cost inflation and drug shortages have affected UIHC's financial performance.
UIHC Chief Financial Officer Ken Fisher said the facility was nearly $6,000 off in operating expenses.

"The cost of pharmaceuticals is inflating," he said.

Despite the rising cost of drug treatments, he said, he believes the budget will balance out by the end of the year.

"I believe we will achieve our operating budget by the end of the fiscal year," Fisher said. "We have a couple of things we're working on that should result in substantial improvement."

— by Asmaa Elkurti

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