MU Health Care $56 million under budget 8 months into fiscal year

COLUMBIA, Mo. (KMIZ)

EDITOR'S NOTE: Terminology has been corrected in the headline and story.

MU Health Care's operating margin for the current fiscal year remains well below budget.

The health care group posted a $56 million budget shortfall between the start of the University of Missouri's fiscal year from July through February. The report will be presented to the Board of Curators' Health Affairs Committee on Thursday.

According to numbers in documents created for the UM System's Board of Curators, finances come in at $45.4 million behind budget in Columbia and $10.8 million behind in Jefferson City.

The Columbia operations saw a profit of $4.3 million, while Jefferson City operations saw a $3.4 million loss.

The biggest expenses were seen in "supplies" and "other expenses," with overall budgets going over by $19.2 million and $33.9 million, respectively.

According to prior reporting, MU Health Care reported a $45 million operating gain for the first half of fiscal year 2025. Jefferson City operations at Capital Regional Medical Center also turned a profit with a $4.2 million operating gain.

ABC 17 News reached out to MU Health Care on Wednesday morning for comment.

This is an ongoing story.