Search results
Six academic health centers
- University of California Health (UCH) comprises six academic health centers, 20 health professional schools, a Global Health Institute and systemwide services that improve the health of the University’s students, faculty and employees.
health.universityofcalifornia.edu/sites/default/files/2021-06/University of California Health Fact Sheet 06-04-21.pdf
People also ask
How many academic health systems does UC have?
Are UC Health Centers the best in California?
How many Uch hospitals are there?
Is University of California Health a good hospital?
Apr 21, 2006 · University of California Health (UCH) comprises six academic health centers, 20 health professional schools, a Global Health Institute and systemwide services that improve the health of the University’s students, faculty and employees.
Explore the FY 2020-2021 operational and financial performance of UC Davis Health, UC San Diego Health, UCI Health, UCLA Health and UCSF Health. View the Report. Additional Medical Centers Reports from prior years are available in the archive. Share.
University of California Health is a system of six academic health centers, 20 health professional schools, four children’s hospital campuses and a Global Health Institute. It provides exceptional care, trains the health professionals of tomorrow and accelerates scientific discovery.
- Report of Independent Auditors
- CARRIE L. BYINGTON, MD
- Continued regional and national responses to the novel coronavirus pandemic
- Regional outreach, strategic initiatives and major capital projects
- Specialty Care
- On the leading edge of healthcare
- Purchases property for future growth
- OVERVIEW
- STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
- Insurance
- Net Position
- Days of Revenue in Accounts Receivable
- Debt Service Coverage
- Payments from Federal and State Health Care Programs
- Management’s Responsibility for the Individual Financial Statements
- Auditors’ Responsibility
- 1. ORGANIZATION
- Investment Risk Factors
- Custodial Credit Risk
- Concentration of Credit Risk
- 3. NET PATIENT SERVICE REVENUE
- 5. RESTRICTED ASSETS, DEPOSITS HELD FOR HOSPITAL CONSTRUCTION
- Interest Rate Risk
- Basis Risk
- Orange County Employees Retirement System
- Contributions
- 16. SELF-INSURANCE
- 17. TRANSACTIONS WITH OTHER UNIVERSITY ENTITIES
- UCRP
- OCERS
- RETIREE HEALTH BENEFITS
- Regents and Oficers
Financial Statements, University of California Medical Centers
EXECUTIVE VICE PRESIDENT UC HEALTH, UNIVERSITY OF CALIFORNIA
UC Davis Health has continued to play important roles in clinical, research and public health responses to the pandemic, in particular around vaccines. UC Davis was among the nation’s inaugural health systems to receive an initial allotment of the first approved coronavirus vaccine, and had played an important part in making it a reality as one of ...
UC Davis Health continues to enhance its ability to provide the right care, at the right time, in the right place, to support both our academic and social missions through our operational and financial performance. We continue to evaluate afiliations with remote regional providers to ensure greater access to tertiary and quaternary services at the ...
UCI Health continues to expand access to specialty care services. In north Orange County, UCI Health–Yorba Linda now ofers cancer infusion services to complement existing services. Along the coast, UCI Health–Newport Beach provides a unique combination of evidence-based integrative healthcare from leading specialists. And in south Orange County, UC...
During the past year, UCI Medical Center: Opened the UCI Health Hematopoietic Stem Cell Transplant and Cellular Therapy Program, Orange County’s only adult bone marrow transplantation service, to meet the needs of residents with blood-based cancer malignancies. Opened a state-of-the-art inpatient critical care unit for cardiovascular surgical p...
UCLA Health made a major investment in the community with the purchase of the former Olympia Hospital property in the mid-Wilshire area of Los Angeles. In 2021, UCLA Health launched an initial planning process for a state-of-the-art major facility renovation and is committed to providing access to care for patients who need services. With the addit...
The University of California, Medical Centers (the “Medical Centers”) are operating units of the University of California (the “University”), a California public corporation under Article IX, Section 9 of the California Constitution. The University is administered by The Regents of the University of California (“The Regents”) of which, under the f...
The following table summarizes the operating results for the Medical Centers for fiscal years: (in thousands of dollars)
The Medical Centers are insured through the University and its captive insurance company’s malpractice, general liability, workers’ compensation and health and welfare self-insurance programs. All claims and related expenses are paid from the University’s self-insurance funds or its captive insurance company. Rates for each Medical Center are esta...
Net position represents the residual interest in the Medical Centers’ assets and deferred outflows after all liabilities and deferred inflows are deducted. Net position is reported in the following categories: net investment in capital assets; restricted, nonexpendable; restricted, expendable; and unrestricted. Under generally accepted accounting p...
The days of revenue in accounts receivable measures the average number of days it takes to collect patient accounts receivable. Generally, days of revenue in accounts receivable increases when Medical Centers have implemented new billing systems and decreases as the Medical Centers have streamlined the billing and collection processes. Days of reve...
Debt service coverage ratio measures the amount of funds available to cover the principal and interest on long-term debt. Debt service coverage decreases as new debt is issued and increases or decreases based on operating results. Debt service coverage ratios are as follows:
Entities doing business with governmental payors, including Medicare and Medicaid (Medi-Cal in California), are subject to risks unique to the government-contracting environment that are dificult to anticipate and quantify. Revenues are subject to adjustment as a result of examination by government agencies as well as auditors, contractors and inte...
Management is responsible for the preparation and fair presentation of the individual financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of individual financi...
Our responsibility is to express an opinion on the individual financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the individual financial sta...
The University of California, Medical Centers (the Medical Centers) are operating units of the University of California (the University), a California public corporation under Article IX, Section 9 of the California Constitution. Since a majority of the Regents are appointed by the governor and approved by the state Senate, the University is a comp...
There are many factors that can afect the value of investments. Some, such as custodial credit risk, concentration of credit risk and foreign currency risk, may afect both equity and fixed-income securities. Equity securities respond to such factors as economic conditions, individual company earnings performance and market liquidity, while fixed-in...
Custodial credit risk is the risk that in the event of the failure of the custodian, the investments may not be returned. Substantially all of UCSF Medical Center’s investments are registered in the name of the UCSF Foundation. UCD Medical Center’s and UCLA Medical Center’s investments are registered in the name of the University.
Concentration of credit risk is the risk of loss associated with a lack of diversification of having too much invested in a few individual issuers, thereby exposing the organization to greater risks resulting from adverse economic, political, regulatory, geographic or credit developments. Securities issued or explicitly guaranteed by the U.S. gover...
The Medical Centers have agreements with third-party payors that provide for payments at amounts diferent from the Medical Centers’ established rates. A summary of the payment arrangements with major third-party payors follows: Medicare. Medicare patient revenues include traditional reimbursement under Title XVIII of the Social Security Act or Medi...
The Medical Center deposit bond proceeds in STIP, TRIP and GEP investment pools are managed by the University. The primary investment objective is to fund construction costs and pay debt service when due. STIP is considered a money market fund since deposits are available on demand. TRIP and GEP are balanced funds which are invested in large pools ...
There is a risk that the value of the interest rate swaps will decline because of changing interest rates. The values of interest rate swaps with longer maturity dates tend to be more sensitive to changing interest rates and, therefore, more volatile than those with shorter maturities.
There is a risk that the basis for the variable payment received on interest rate swaps will not match the variable payment on the bonds. This exposes the Medical Centers to basis risk whenever the interest rates on the bonds are reset. Interest rates on the bonds are tax-exempt, while the basis of the variable receipt on the interest rate swap is...
Orange County Employees Retirement System (OCERS) administers a cost-sharing multiemployer governmental defined benefit pension plan for the county of Orange, city of San Juan Capistrano and 13 special districts. Certain employees of the University of California, Irvine Medical Center were eligible to continue to participate in OCERS at the time th...
Contribution rates for OCERS are set by the Board of Retirement.
A P P O I N T E D R E G E N T S (In alphabetical order by last name) Maria Anguiano Richard C. Blum Michael Cohen Gareth Elliott Cecilia Estolano Howard “Peter” Guber Jose M. Hernandez Sherry L. Lansing Richard Leib Hadi Makarechian Eloy Ortiz Oakley Lark Park John A. Perez Janet Reilly Richard Sherman Jonathan “Jay” Sures Alexis Atsilvsgi Zaragoza...
A P P O I N T E D R E G E N T S (In alphabetical order by last name) Maria Anguiano Richard C. Blum Michael Cohen Gareth Elliott Cecilia Estolano Howard “Peter” Guber Jose M. Hernandez Sherry L. Lansing Richard Leib Hadi Makarechian Eloy Ortiz Oakley Lark Park John A. Perez Janet Reilly Richard Sherman Jonathan “Jay” Sures Alexis Atsilvsgi Zaragoza...
A P P O I N T E D R E G E N T S (In alphabetical order by last name) Maria Anguiano Richard C. Blum Michael Cohen Gareth Elliott Cecilia Estolano Howard “Peter” Guber Jose M. Hernandez Sherry L. Lansing Richard Leib Hadi Makarechian Eloy Ortiz Oakley Lark Park John A. Perez Janet Reilly Richard Sherman Jonathan “Jay” Sures Alexis Atsilvsgi Zaragoza...
A P P O I N T E D R E G E N T S (In alphabetical order by last name) Maria Anguiano Richard C. Blum Michael Cohen Gareth Elliott Cecilia Estolano Howard “Peter” Guber Jose M. Hernandez Sherry L. Lansing Richard Leib Hadi Makarechian Eloy Ortiz Oakley Lark Park John A. Perez Janet Reilly Richard Sherman Jonathan “Jay” Sures Alexis Atsilvsgi Zaragoza...
A P P O I N T E D R E G E N T S (In alphabetical order by last name) Maria Anguiano Richard C. Blum Michael Cohen Gareth Elliott Cecilia Estolano Howard “Peter” Guber Jose M. Hernandez Sherry L. Lansing Richard Leib Hadi Makarechian Eloy Ortiz Oakley Lark Park John A. Perez Janet Reilly Richard Sherman Jonathan “Jay” Sures Alexis Atsilvsgi Zaragoza...
A P P O I N T E D R E G E N T S (In alphabetical order by last name) Maria Anguiano Richard C. Blum Michael Cohen Gareth Elliott Cecilia Estolano Howard “Peter” Guber Jose M. Hernandez Sherry L. Lansing Richard Leib Hadi Makarechian Eloy Ortiz Oakley Lark Park John A. Perez Janet Reilly Richard Sherman Jonathan “Jay” Sures Alexis Atsilvsgi Zaragoza...
Jul 30, 2019 · U.S. News & World Report ranks UCLA Health, UCSF Medical Center, UC Davis, UC San Diego and UC Irvine among the top 10 hospitals in California for 2019-20. All five medical centers also made the national honor roll for excellence in multiple areas of care.
Jul 28, 2020 · U.S. News & World Report ranked UCLA Health and UCSF Health among the top four hospitals nationally and all UC medical centers in the top 11 in California. The rankings reflect the excellence and diversity of UC Health's specialty care, research and education.
UC’s six health systems, which include five academic medical centers, form a more than $14 billion enterprise providing nationally ranked care. Our medical centers specialize in complex care. UC provides half of all transplants and one-fourth of extensive burn care in California.
