University of Missouri Health Care in fiscal year 2018 surpassed $1 billion in revenue and $100 million in operating income for the first time.

The final operating income total was $104 million.

Mike Blair, MU Health Care chief financial officer, reported on the milestones in his Monday presentation to the University of Missouri System Board of Curators Health Affairs Committee. The meeting was at MU Women’s and Children’s Hospital.

“We have a very strong balance sheet,” Blair said.

Blair said the performance has allowed it to funnel $18 million to the MU College of Medicine; $5 million into a new school of nursing building; $500,000 each into the School of Health Professionals and a Transitional Precision Medicine Center and $250,000 into a cross-country running course for athletics.

MU Health’s average daily census in 2018 was 404, compared with 390 in 2017. There were 25,800 surgeries performed in FY 2018, up from 25,644 in FY 2017. There were 680,500 clinic visits in 2018 and 644,000 in 2017.

MU Health Care Chief Executive Officer Jonathan Curtright, provided more details in his presentation to the committee.

“Status quo is potentially our greatest risk,” he said. “Growth has been and will be our friend.”

He said MU Health Care needs to be more of a statewide asset and not just a Boone County asset.

He said the MU Health Care market share in a 25-county service area has increased from 22.4 percent to 28.5 percent since 2013. In that time, the operating income has increase from $43 million to the current $104 million. There has been about a $200 million in net patient revenue per year.

Curtright briefly mentioned the negotiations to purchase the SSM Health hospitals in Jefferson City and Audrain County.

“We’re in due diligence for a potential transaction with St. Mary’s in Jefferson City and Audrain County,” Curtright said. “This due diligence continues and is progressing nicely.”

He said the expansion of the emergency department in Columbia is expected to be complete by Nov. 1. The expansion will result in 55 exam rooms. Currently there are 30.

Curtright said measures of patient satisfaction and employee satisfaction have improved.

“More and more and more, we’re becoming the employer of choice in central Missouri,” he said.

rmckinney@columbiatribune.com