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University of Utah Health details scale, margins and cash reserves; CEO Mike Good to retire
Summary
University of Utah Health leaders described the system's size, scope and finances to the Legislature, saying operating revenue is driven by patient care, the system provides extensive regional services and that cash-on-hand levels remain below peer medians; CEO Mike Good announced his retirement.
Mike Good, chief executive officer of University of Utah Health and senior vice president for health sciences, told the committee that University of Utah Health is an academic medical center that integrates patient care, education and research. He said the system includes five hospitals, roughly 900 hospital beds, 12 community health centers and partnerships spanning multiple states.
Why it matters: University of Utah Health is the state's largest academic medical center and a major economic actor. Good said the health enterprise had approximately $3.4 billion in operating revenue in 2024 and that the hospital and clinics line is a people-driven business: about 70% of hospital-and-clinic expenditures are for staff. The system employed about 16,000 people, Good said, including nearly 10,000 nurses and related staff, and transfers…
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