Posted: Jan 08, 2018 08:58 AM CST LITTLE ROCK, Ark. (News release) – The following is a statement from Leslie Taylor, UAMS Vice Chancellor in the Office of Communications and Marketing.
The University of Arkansas for Medical Sciences (UAMS) must cut in excess of $30 million in expenses this current fiscal year, which ends June 30 to comply with its budget as approved by the University of Arkansas Board of Trustees. Like other academic medical centers around the country, UAMS has had financial challenges for many years but has always made up for any shortfall by using reserve funds.
However, we are depleting our resources and cannot continue to do that and sustain UAMS into the future. UAMS is important to the health and economy of the state of Arkansas.
It is the state’s largest public employer with 10,900 employees working in 73 of our state’s 75 counties. It has an estimated annual financial impact on the state of $3 billion a year. UAMS physicians provide care to patients at UAMS, Arkansas Children’s, the VA Medical Center, and clinics throughout the state.
UAMS’ colleges produce the majority of physicians, pharmacists, researchers, nurses and other health professionals practicing in Arkansas, and it partners with other providers and state and federal agencies to staff and manage programs where there is a need. However, UAMS, unlike other state universities, does not receive the majority of its funding from the state. Read more from arkansasmatters.com…
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