University financials FY24

[BigCaneAl]

You have to, even if not complete credit, she gets a lot.

One of the reasons the University was broke for years was because of her mismanagement of the health system. She overpayed significantly for Cedars, including giving HCA a 10 year contract to manage the back office. Just a horrendous deal that crippled the university. That hospital was losing anywhere from 15-50M a year until about 2019. Indirectly why we invested so little into sports probably.

 

[kryptonite]

Im with ya, but from a pure championship run standpoint, the path from the ACC is definitely lower hanging fruit. From a monetary perspective you can’t get left out of the SEC or BIG but man those guys just all beat up on one another

The problem with staying is that we’re heading toward a world where a 2 loss sec team gets in over an undefeated ACC team. The value teams are getting out of “good” losses this year is pretty nuts, so I think we need to move just to be taken seriously.

 

[Bunker Mentality]

So do we give Shalala any props? Asking for a friend.

 

[grover]

One of the reasons the University was broke for years was because of her mismanagement of the health system. She overpayed significantly for Cedars, including giving HCA a 10 year contract to manage the back office. Just a horrendous deal that crippled the university. That hospital was losing anywhere from 15-50M a year until about 2019. Indirectly why we invested so little into sports probably.

I didn't know the specifics. I did know she invested heavily in UHealth which left less for athletics and other operations. It's a good point she may have overpaid and been able to build the healthcare program to reach a tipping point more effectively than she did, and therefore not caused so much pain for other organizations like the football team.

 

[Cane44]

UM needs to go full UF/FIU and continue to expand campus, and admin buildings and take up real estate. The school is only going to get a bigger draw as more eyes are on them and they are in a place now when applications are going to come in hotter than ever. With the amount of companies that are coming down to south Florida, more chances to get graduates into blue chip jobs. Get more kids in, build up the career connections, keep getting doner money and expanding UHealth and keep pumping the football team now while the money is here. This school can legitmately become an NYU-regarded academic institution with solid career paths, with the reach and athletic profile of Notre Dame, with a sprawled out pseudo campus of a large public school. They have the profile and money now to do it.

I dnt think expanding campuses is profitable and i dnt see miami expanding their enrollment to make it profitable with on-campus students. Uhealth should be expanding those mini ER’s and urgent cares, even beyond soFla and they should expand their online programs. FIU online makes a ton of money.

 

[simplycanes]

One of the reasons the University was broke for years was because of her mismanagement of the health system. She overpayed significantly for Cedars, including giving HCA a 10 year contract to manage the back office. Just a horrendous deal that crippled the university. That hospital was losing anywhere from 15-50M a year until about 2019. Indirectly why we invested so little into sports probably.

You're stringing together many things which were unrelated and preceded her. The university has been underinvesting in athletics for decades before her arrival, so those two were not related. And so far as her purchase of Cedars goes, that was one piece of a large puzzle that she put together, including, her effort as the best single fundraiser we’ve ever had in that seat. However we got here, with whatever hiccups there were along the way, the financial windfall that we currently have is directly attributed to a lot of decisions that she made. If people have political differences with her, that’s fine, but if we’re being intellectually honest, she gets a lot of credit for the current financial performance the university is experiencing.

 

[3FW]

For all of those with Miami degrees now and in the future, I hope the singular goal is a top 25 University. A great Athletics program is fully aligned with that goal.

 

[Squid Bumciorek]

Growth of the medical system, primarily driven by cancer care

If I am understanding correctly…

more cancer = more money = more winning

 

[BigCaneAl]

You're stringing together many things which were unrelated and preceded her. The university has been underinvesting in athletics for decades before her arrival, so those two were not related. And so far as her purchase of Cedars goes, that was one piece of a large puzzle that she put together, including, her effort as the best single fundraiser we’ve ever had in that seat. However we got here, with whatever hiccups there were along the way, the financial windfall that we currently have is directly attributed to a lot of decisions that she made. If people have political differences with her, that’s fine, but if we’re being intellectually honest, she gets a lot of credit for the current financial performance the university is experiencing.

You can argue macro level all you want, the purchase of Cedars and how she handled the health system during her tenure resulted in huge losses. Many changes occurred after she left to fix the mistakes she made and dig out of the hole she created. This is not revisionist history, these are facts. I have no political issue with her at all.