Categories Medicine

IU Health, facing profit questions, gives med school $416M

INDIANAPOLIS (AP) — Indiana University Health has quietly donated $416 million to the Indiana University School of Medicine.

The move comes as the state’s largest hospital system faces pressure to lower its prices and profits.

The donation wasn’t announced by either institution, but the Indianapolis Business Journal reports that it was noted as a “contribution to a related entity” in IU Health’s financial statements issued this month.

An IU Health critic says the donation appeared aimed at making the hospital system’s 2021 profits drop below $1 billion.

IU Health says the large contribution allows it to support IU’s medical school “in a more meaningful way.”

More From Author

You May Also Like

Link between high cholesterol and heart disease 'inconsistent', new study finds

Link between high cholesterol and heart disease ‘inconsistent’, new study finds

New research from RCSI University of Medicine and Health Sciences has revealed that the link…

New college of veterinary medicine to ease Utah’s veterinarian shortage

New college of veterinary medicine to ease Utah’s veterinarian shortage

LOGAN, Utah  – The Utah legislature recently approved funding for the new College of Veterinary Medicine…

Nebraska Medicine returning to normal operating status Monday

Nebraska Medicine returning to normal operating status Monday

OMAHA, Neb. (WOWT) – Once this weekend wraps up, Nebraska Medicine will return to a normal operating…