Modern Healthcare Staff
University Hospitals said its impact to the regional economy grew 33% between 2016 and 2019, during which the Cleveland-based system didn't integrate any new facilities but rather got larger through service expansions, capital builds and investments.
For the first quarter of 2021, Cleveland Clinic and University Hospitals each posted operating incomes close to their projections as the health systems emerge from the financial challenges of COVID-19, per recently released financial disclosures.
The clinic said the fund, which is enabled by the support of The Clorox Co. of Oakland, Calif., is designed to promote "innovative research ideas, advance new training and education opportunities, and launch promising healthcare innovations."
Among the five most common major fields for students pursuing an associate degree or undergraduate certificate, health professions and related clinical sciences programs fared the best in enrollment this spring, according to the latest numbers available from the National Student Clearinghouse Research Center.
The two plan to establish the Discovery Accelerator, a joint center to advance the pace of discovery in through the use of high-performance computing on the hybrid cloud, artificial intelligence and quantum computing technologies. Through the collaboration, IBM plans to install its first private-sector on-premises IBM Quantum System One in the U.S. at the Clinic.
The $10.6 billion in revenue the Clinic reported for 2020 was actually slightly higher than in 2019, but fell short of the $11.1 billion in top-line revenue the system had budgeted before COVID-19 upended healthcare and the economy.
The center brings together nationally and internationally recognized researchers to focus on more than curing one of the most feared diseases. It also will work to end racial, ethnic, social and economic inequities that affect cancer diagnosis and treatment.
Of that, $10 million is earmarked for the new building, and $5.5 million will support an epilepsy study exploring the link between stress and seizures. In honor of the donation, the Clinic will name its epilepsy center The Charles Shor Epilepsy Center.