Regents OK Michigan Health Corp. Plan

The FY 2012 annual report and business plan for the Michigan Health Corp. was unanimously approved by the University of Michigan board of regents at their June 16, 2011 meeting. MHC is a nonprofit founded in 1996 that’s part of the UM Health System, with 10 subsidiaries. The subsidiaries are operated as partnerships with other entities statewide. [.pdf of annual report and business plan]

Changes highlighted in the plan include a decision to leave the Central Michigan Community Hospital Radiation Oncology venture. MHC officials are also considering participation in the Particle Therapy Institute of Michigan, and possibly establishing gastroenterology and/or geriatrics joint ventures. MHC is also investigating moving UMHS nurse managed centers to MHC, in preparation for achieving the federally qualified health plan status.

For FY 2011, several MHC units are projecting losses or lower-than-anticipated gains, according to the report. Excess revenue from consolidated operations is projected at $1.4 million for FY 2011, compared to a budgeted $2.76 million.

This brief was filed from the regents meeting in the boardroom of the Fleming administration building on UM’s Ann Arbor campus. A more detailed report will follow: [link]