A key Medical University of South Carolina board committee Thursday unanimously approved 2013-2014 budget plans for the university, the hospital and the physicians’ group.
The full board must approve the plans at its Aug. 9 meeting before it becomes official.
The university will need about $621 million to operate next year, said Ravi Srinivas, director of reporting for the university’s budget office. That’s about $2 million less than the current year.
About $83 million, or 13 percent, of that comes from state appropriations and other state sources. The rest will come from a variety of sources, including tuition, federal grants and contracts and private grants and gifts.
The Medical University Hospital Authority expects to bring in about $1.1 billion next year, about $30 million more than the current year. The hospital is expected to turn a profit of about $26 million after covering expenses.
The physicians’ group is expected to bring in about $281 million in operating money, about $2 million more than in the current year. And it is expected to incur about $250 million in operating expenses, leaving about $31 million in operating income.
Reach Diane Knich at 937-5491 or on Twitter @dianeknich.
Notice about comments:
The Post and Courier is pleased to offer readers the enhanced ability to comment on stories. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We ask that you refrain from profanity, hate speech, personal comments and remarks that are off point.