BIRMINGHAM, AL
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Sign In — Free (10 views/day)UAB MEDICINE ENTERPRISE, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $64.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $80.2M exceeded revenue, resulting in a 25% operating deficit.
TO PROVIDE COMMON MANAGEMENT OF THE EXISTING AND FUTURE HEALTHCARE DELIVERY OPERATIONS (THE "JOINT HEALTHCARE OPERATIONS") OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA AND THE UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION, P.C.
SECTION 1: UABME MISSION STATEMENT AND INTRODUCTION UAB MEDICINE ENTERPRISE (UABME) IS AN ALABAMA NONPROFIT CORPORATION THAT OVERSEES THE ACADEMIC MEDICAL CENTER ACTIVITIES FOR ITS TWO MEMBERS: THE...
SECTION 1: UABME MISSION STATEMENT AND INTRODUCTION UAB MEDICINE ENTERPRISE (UABME) IS AN ALABAMA NONPROFIT CORPORATION THAT OVERSEES THE ACADEMIC MEDICAL CENTER ACTIVITIES FOR ITS TWO MEMBERS: THE UNIVERSITY OF ALABAMA BOARD OF TRUSTEES AND THE UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION, WHICH COLLABORATIVELY PROVIDE QUALITY HEALTH CARE TO ALABAMA RESIDENTS AND INDIVIDUALS FROM ACROSS THE NATION AND THE WORLD. UABME'S MISSION IS TO PROVIDE LIFE-CHANGING CARE, ITS VISION IS BE THE LEADER IN IMPROVING THE HEALTH AND LIVES OF ALL WE SERVE. THROUGH OUR MISSION AND VISION, WE PLAN TO IMPROVE THE HEALTH AND WELL-BEING OF SOCIETY, PARTICULARLY THE RESIDENTS OF ALABAMA, BY PROVIDING INNOVATIVE HEALTH SERVICES OF EXCEPTIONAL VALUE, QUALITY, AND SAFETY; A SUPERIOR ENVIRONMENT FOR THE EDUCATION OF HEALTH PROFESSIONALS; AND SUPPORT FOR RESEARCH TO ADVANCE MEDICAL SCIENCE. UABME SUPPORTS THE ACTIVITIES OF THE UAB HEERSINK SCHOOL OF MEDICINE BY OVERSEEING HOSPITAL AND CLINIC OPERATIONS, FOSTERING RESIDENCY AND FELLOWSHIP TRAINING PROGRAMS, SUPPORTING THE RECRUITMENT AND TRAINING OF FACULTY, AND CREATING HIGHLY INNOVATIVE, WELL-COORDINATED INTERDISCIPLINARY CLINICAL PROGRAMS AND RELATIONSHIPS THAT SERVE AS MODELS FOR HEALTH CARE EDUCATION AND DELIVERY. UABME IS INTERNATIONALLY RECOGNIZED FOR ITS TRIPARTITE MISSION OF PROVIDING THE HIGHEST LEVELS OF PATIENT CARE, OUTSTANDING EDUCATION OF MEDICAL PROFESSIONALS, AND THE ADVANCEMENT OF SCIENCE IN MEDICINE THROUGH GROUNDBREAKING RESEARCH IN AREAS SUCH AS ONCOLOGY, NEUROSCIENCES, TRANSPLANTATION, CARDIOLOGY, TRAUMA AND BURN TREATMENT, REHABILITATION, IMMUNOBIOLOGY, VIROLOGY, GENE THERAPY, AND GENOMICS. UABME ENCOMPASSES THE LARGEST MULTISPECIALTY GROUP OF HEALTH CARE PROFESSIONALS IN ALABAMA, WITH 2,070 PHYSICIANS SERVING PATIENTS FROM EVERY STATE IN THE NATION AND MANY COUNTRIES AROUND THE WORLD. IT IS A MAJOR REGIONAL TERTIARY REFERRAL CENTER THAT TREATS SOME OF THE MOST CRITICAL PATIENTS IN THE SOUTHEAST. IN FY2024, UABME ENTITIES SERVED 896,136 PATIENTS AND LOGGED 146,793 EMERGENCY DEPARTMENT VISITS. DESPITE THE FINANCIAL STRAIN IT PLACES ON THE ORGANIZATION, UABME CARES FOR THE SICKEST AND MOST VULNERABLE PATIENTS, SERVING AS A SAFETY NET FOR THOSE WHO ARE TURNED AWAY BY OTHER CARE PROVIDERS. UABME PROVIDES SIGNIFICANT CHARITY CARE TO INDIGENT PATIENTS NOT COVERED BY INSURANCE. UABME ESTIMATED COST INCURRED FOR CHARITY CARE PROVIDED TO INDIGENT INDIVIDUALS IN FY2024 WAS OVER $102 MILLION. UABME ALSO PROVIDES CARE TO A LARGE NUMBER OF INDIVIDUALS COVERED BY GOVERNMENTAL PROGRAMS THAT MAY REIMBURSE BELOW COST. IN FY2024, UABME' UNREIMBURSED COST FOR TREATING MEDICAID PATIENTS WAS $41.78 MILLION. IN ADDITION, UABME ENTITIES PROVIDE HEALTH CARE SERVICES TO MANY INDIVIDUALS WHO CANNOT PAY FOR ALL OR ANY OF THEIR MEDICAL CARE. IN FY2024, THE COST FOR THIS BAD DEBT WAS OVER $122.58 MILLION. UNCOMPENSATED CARE COSTS DO NOT INCLUDE OTHER UNFUNDED COSTS OF CARE, SUCH AS UNDERPAYMENTS FROM MEDICAID AND MEDICARE. SECTION 2: UABME ENTITIES UABME' FLAGSHIP FACILITY IS THE 1,207-BED UAB HOSPITAL, ONE OF THE NATION'S LARGEST PUBLIC HOSPITALS. IT INCLUDES THE WOMEN & INFANTS CENTER, SPAIN REHABILITATION CENTER, THE CENTER FOR PSYCHIATRIC MEDICINE, AND THE FREESTANDING UAB HOSPITAL-HIGHLANDS. AS ALABAMA'S ONLY LEVEL 1 TRAUMA CENTER (AS DESIGNATED BY THE AMERICAN COLLEGE OF SURGEONS), UAB HOSPITAL PROVIDES CARE FOR MANY OF THE MOST SERIOUS INJURIES THAT OCCUR ANYWHERE IN THE STATE THROUGH ITS EMERGENCY DEPARTMENT, OPERATING ROOMS, TRAUMA/BURN UNIT, AND SPAIN REHABILITATION CENTER, WHICH IS ONE OF THE SOUTHEAST'S FOREMOST PROVIDERS OF COMPREHENSIVE REHABILITATION CARE. THE WOMEN & INFANTS CENTER OFFERS ADVANCED SERVICES AND THE LATEST MEDICAL TECHNOLOGY TO CARE FOR HEALTHY AND HIGH-RISK PREGNANT WOMEN, HEALTHY AND HIGH-RISK NEWBORNS, AND WOMEN RECEIVING CARE FOR A VARIETY OF GYNECOLOGICAL PROBLEMS, INCLUDING GYNECOLOGICAL CANCERS. IT INCLUDES UAB'S REGIONAL NEWBORN INTENSIVE CARE UNIT (RNICU), THE STATE'S LARGEST. TOGETHER WITH CHILDREN'S OF ALABAMA HOSPITAL, UAB OFFERS THE ONLY LEVEL IV NICU IN ALABAMA - DESIGNATED BY THE AMERICAN ACADEMY OF PEDIATRICS AS THE HIGHEST AND MOST COMPREHENSIVE LEVEL OF CARE AVAILABLE. UAB HOSPITAL-HIGHLANDS IS A GENERAL ACUTE CARE COMPONENT ADJACENT TO CAMPUS THAT PROVIDES EMERGENCY CARE SERVICES FOR NON-TRAUMATIC AND NON-CATASTROPHIC CASES, COMPREHENSIVE SURGICAL AND NONSURGICAL TREATMENT FOR BONE AND JOINT DISORDERS, SURGICAL UROLOGY SERVICES, A SPECIALIZED UNIT FOR FRAGILITY FRACTURES, THE UAB SLEEP-WAKE DISORDERS CENTER, AND THE UAB PAIN TREATMENT CLINIC, WHICH SERVES PATIENTS WITH ACUTE AND CHRONIC CONDITIONS INCLUDING INTRACTABLE CANCER PAIN. UAB HOSPITAL-HIGHLANDS EMERGENCY DEPARTMENT WAS RECOGNIZED BY THE AMERICAN COLLEGE OF EMERGENCY PHYSICIANS AS A LEVEL 1 GERIATRIC EMERGENCY DEPARTMENT, MAKING IT THE ONLY ACCREDITED GERIATRIC ED IN ALABAMA, THE FIRST IN THE SOUTHEAST, AND ONLY THE 17TH LEVEL 1 ED IN THE WORLD. IT ALSO HOUSES THE ACUTE CARE FOR ELDERS (ACE) UNIT, THE REGION'S FIRST MODEL INPATIENT UNIT FOR COORDINATED GERIATRIC CARE. THE ACE UNIT FOCUSES ON MAINTAINING PATIENT FUNCTION BY UTILIZING AN INTERDISCIPLINARY CARE TEAM TRAINED IN GERIATRICS TO MANAGE GERIATRIC SYNDROMES, WHILE A HOSPITALIST PHYSICIAN MANAGES EACH PATIENT'S ACUTE MEDICAL DIAGNOSIS. UABME ALSO INCLUDES CALLAHAN EYE HOSPITAL, THE KIRKLIN CLINIC OF UAB HOSPITAL, WHITAKER CLINIC OF UAB HOSPITAL, VIVA HEALTH, AND THE UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION (UAHSF). UAHSF SUPPORTS AMBULATORY SERVICES THROUGH 39 SPECIALTIES AND 179 SUB-SPECIALTIES IN MORE THAN 200 CLINICS ACROSS THE BIRMINGHAM COMMUNITY. IN 2024, OVER 2,620 PHYSICIANS AND ADVANCED PRACTICE PROVIDERS DELIVERED EXCEPTIONAL AMBULATORY PRIMARY AND SPECIALTY CARE SERVICES TO 1.99 MILLION PATIENTS FROM ACROSS THE WORLD. UABME SUPPORTS MORE THAN 100 SPECIALIZED CENTERS FOR INTERDISCIPLINARY RESEARCH, CLINICAL CARE, AND COMMUNITY OUTREACH, THE LARGEST BEING THE O'NEAL COMPREHENSIVE CANCER CENTER AT UAB, WHICH HAS HELD THE HIGHEST NCI DESIGNATION FOR MORE THAN 40 CONSECUTIVE YEARS. CALLAHAN EYE HOSPITAL (CEH) IS THE ONLY SPECIALTY EYE HOSPITAL IN ALABAMA AND ONE OF ONLY A FEW FACILITIES IN THE WORLD ENTIRELY DEDICATED TO ADVANCEMENTS IN OPHTHALMOLOGY. AS SUCH, CEH IS A KEY SERVICE OF UAB MEDICAL ENTERPRISE AND OPERATES THE TEACHING PROGRAM FOR THE UAB DEPARTMENT OF OPHTHALMOLOGY AND VISUAL SCIENCES. THE AMBULATORY AND TEACHING CLINICS TREAT MORE THAN 120,000 OPHTHALMIC PATIENTS EACH YEAR AND OFFER THE ONLY 24/7 EYE EMERGENCY DEPARTMENT AND LEVEL I OCULAR TRAUMA CENTER IN THE STATE. PERFORMING MORE THAN 15,000 SURGERIES EACH YEAR, CEH DELIVERS EXCELLENCE IN SURGERY FOR EYE TRAUMA; RETINAL, VITREOUS, AND CORNEAL ISSUES; CORNEA TRANSPLANT; GLAUCOMA; CATARACTS (INCLUDING LASER CATARACT PROCEDURES); OCULOPLASTICS; ORBITAL RECONSTRUCTION; AND PEDIATRIC EYE ISSUES. CEH HAS 12 SATELLITE CLINIC LOCATIONS IN CENTRAL ALABAMA. IT SPONSORS OR COLLABORATES WITH ORGANIZATIONS SUCH AS THE EYESIGHT FOUNDATION OF ALABAMA, SIGHT SAVERS OF AMERICA, AND THE ALABAMA LIONS SIGHT CONSERVATION ASSOCIATION TO PROVIDE OCULAR SCREENING SERVICES TO UNDERSERVED POPULATIONS IN ALABAMA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $64,370,393 | $50,665,731 | +0.3% |
| Expenses | $80,248,217 | $58,981,764 | +0.4% |
| Net Income | $-15,877,824 | $-8,316,033 | +0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAWN BULGARELLA | Chief Executive Officer | 40.0 |
Officer
Director
|
$2,527,052 | $106,175 | $2,633,227 |
| REID JONES | CEO & VP (UNTIL 9/24) | 40.0 |
Officer
Director
|
$2,400,819 | $95,821 | $2,531,810 |
| RAY WATTS | CHAIR & PRESIDENT | 20.0 |
Officer
Director
|
$411,791 | $212,341 | $1,346,310 |
| ANUPAM AGARWAL | SENIOR VP FOR MEDICINE & DEAN | 20.0 |
Officer
Director
|
$491,228 | $187,782 | $1,323,878 |
| SUSAN JENNINGS | CFO & TREASURER | 40.0 |
Officer
|
$779,848 | $94,889 | $874,737 |
| DAVID RANDALL | CHIEF STRATEGY OFFICER | 40.0 |
Key Emp
|
$713,785 | $113,215 | $827,000 |
| CLAYTON RYAN | VP GOV'T AFFAIRS (UNTIL 10/23) | 40.0 |
Key Emp
|
$716,531 | $54,584 | $771,115 |
| DONALD LILLY | SR VP NETWORK DEV (UNTIL 4/24) | 40.0 |
Key Emp
|
$574,203 | $111,105 | $685,308 |
| CHARLES PITTS | VP OF MANAGED CARE CONTRACTING | 40.0 |
Highest
|
$433,558 | $100,164 | $533,722 |
| CHRISTOPHER MEEKS | VP CLINICAL FUND/EXEC DIR AOC | 40.0 |
Highest
|
$428,828 | $81,586 | $510,414 |
| JEAN ANN LARSON | CHIEF LEADERSHIP DEV. OFFICER | 40.0 |
Highest
|
$345,395 | $88,025 | $433,420 |
| JEFFREY SIMMONS | VP/LEAD PHYSICIAN UAB MEDICINE | 40.0 |
Highest
|
$359,273 | $70,042 | $429,315 |
| RUTH LEETH | CHIEF OF STAFF | 40.0 |
Highest
|
$334,943 | $71,933 | $406,876 |
| LOUIS BAVERSO | CHIEF OPS OFFICER (BEGIN 9/24) | 40.0 |
Officer
Director
|
$309,023 | $12,202 | $321,225 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $64,370,393 | $80,248,217 | $259,359,679 | $-15,877,824 |
| 2023 | $50,665,731 | $58,981,764 | $286,969,442 | $-8,316,033 |
| 2022 | $104,475,642 | $52,038,860 | $330,192,087 | $52,436,782 |
| 2021 | $80,834,759 | $61,546,660 | $293,178,635 | $19,288,099 |
| 2020 | $62,718,363 | $45,360,378 | $262,548,426 | $17,357,985 |
| 2019 | $41,286,938 | $39,237,281 | $255,374,396 | $2,049,657 |
| 2018 | $58,507,600 | $32,793,963 | $78,603,260 | $25,713,637 |
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