Board of Governors moves to ease Brody’s budget squeeze
Chancellor Steve Ballard & Harry Smith, UNC Board
(12/9/14) — The Brody School of Medicine will get a budgetary shot in the arm if a recommendation adopted by the UNC Board of Governors is funded by the General Assembly.
Brody would receive $8 million in “sustainability funds” earmarked in the UNC system’s proposed budget for next fiscal year. The appropriation would help cover losses Brody incurred as a result of changes in Medicare reimbursement rates and other financial shifts in the evolving health care industry. The UNC Chapel Hill School of Medicine would get $2 million to shore up its balance sheet.