11-14-2012, 01:46 PM
This side for the medical side of things! $1.4 Billion...from the article
Highlights of the joint operating agreement include CHI, through its wholly owned KentuckyOne system in Kentucky, injecting $543.5 million of investment into the university medical operations during the first five years of the JOA, expanding to $1.4 billion over 20 years, including:
•$75 million annually for academic and program investments and another $95 million over the first three years for “key service lines and departments”;
• $70 million for IT infrastructure upgrades at UMC;
•$15 million for discretionary spending by U of L for each of the first three years, targeted on statewide health efforts;
•and $3 million dedicated for research annually and $7.5 million per year in capital investment for technology.
CHI, through its KentuckyOne subsidiary, will maintain University Hospital’s current levels of charity care by supporting the Quality and Charity Care Trust agreement supplemented by hospital operations, according to a news release.
http://insiderlouisville.com/news/2012/1...ntuckyone/
Highlights of the joint operating agreement include CHI, through its wholly owned KentuckyOne system in Kentucky, injecting $543.5 million of investment into the university medical operations during the first five years of the JOA, expanding to $1.4 billion over 20 years, including:
•$75 million annually for academic and program investments and another $95 million over the first three years for “key service lines and departments”;
• $70 million for IT infrastructure upgrades at UMC;
•$15 million for discretionary spending by U of L for each of the first three years, targeted on statewide health efforts;
•and $3 million dedicated for research annually and $7.5 million per year in capital investment for technology.
CHI, through its KentuckyOne subsidiary, will maintain University Hospital’s current levels of charity care by supporting the Quality and Charity Care Trust agreement supplemented by hospital operations, according to a news release.
http://insiderlouisville.com/news/2012/1...ntuckyone/