UM System releases report on savings

2 years 4 months 2 weeks ago Friday, December 09 2016 Dec 9, 2016 Friday, December 09, 2016 1:56:00 PM CST December 09, 2016 in News
By: Zach Groppe, KOMU 8 Reporter
loading

COLUMBIA – The University of Missouri System came out with a report Thursday that shows how much the system saves on costs at the four schools and UM Health Care System.

The Efficiencies and Effectiveness report included an analysis that shows what the cost would be for the four universities to replicate services provided by the system to them.

“This report specifically had an analysis that showed that it would cost an additional 80 to 90 million dollars annually for the campuses collectively to replicate the services currently provided by the UM System,” University of Missouri System Assistant Director for Strategic Communications Kelly Wiemann said.

Other things the system provides to all schools are cooperative academic programs, serve as a unified voice for higher education in Missouri, and ensure that all 4 campuses and health system can meet corporate responsibilities through shared services.

“All the finance functions that are necessary to run a multi-billion-dollar enterprise, that includes budget and planning, accounting, facilities planning and development, management services, supply chain, treasury, by performing these treasury functions at the system level centrally that saves, right there, 10.1 million dollars a year,” Wiemann said.

Wiemann also said the system spends 39 percent less than other schools, which allows the system to focus on and put more money into the academics the system provides.

“With the cost savings that we’re able to generate from these proficiencies we’re able to allot more of our resources directly to our academic mission. Our teaching. Our research. Our service and our economic development,” Wiemann said.

She also said that even with this report the system will continue to look for more opportunities to reduce administrative costs.

More News

Grid
List
COLUMBIA - Former Mizzou head football coach Gary Pinkel formally announced the launch of his foundation, called “GP M.A.D.E.” Wednesday... More >>
1 hour ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 9:47:00 PM CDT April 24, 2019 in News
COLUMBIA - The city's Airport Advisory Board met Wednesday for the first time since Columbia Regional Airport had to close... More >>
3 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 8:01:00 PM CDT April 24, 2019 in News
COLUMBIA- A proposed wind project in Harrisburg is now getting the local government involved. The Boone County planning and... More >>
3 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 7:55:00 PM CDT April 24, 2019 in News
JEFFERSON CITY - People gathered in downtown Jefferson City Wednesday evening to walk for Rape and Abuse Crisis Service or... More >>
3 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 7:48:00 PM CDT April 24, 2019 in News
CALLAWAY COUNTY - The Missouri House of Representatives passed a bill Tuesday that allows the state to sell Rice Hall,... More >>
4 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 7:25:00 PM CDT April 24, 2019 in News
JEFFERSON CITY - Cancer patients could receive health insurance coverage for dental and fertility preservation procedures if two Missouri House... More >>
6 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 5:26:00 PM CDT April 24, 2019 in News
JEFFERSON CITY - Jefferson City Police are trying to figure out what happened at a big fight near Lincoln University's... More >>
7 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 4:04:00 PM CDT April 24, 2019 in News
COLUMBIA - People wanting to draw attention to sexual violence made more than a fashion statement by wearing denim on... More >>
7 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 3:45:00 PM CDT April 24, 2019 in News
COLUMBIA - Columbia Public Schools provided additional information Wednesday amid a legal dispute over collective bargaining with the Columbia Missouri... More >>
8 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 3:18:00 PM CDT April 24, 2019 in News
FULTON - The Fulton Fire Department is starting the process to carry and use Narcan, or the generic Naloxone, during... More >>
8 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 3:03:00 PM CDT April 24, 2019 in News
JEFFERSON CITY – A new bill is designed to simplify the tax process by cutting the number of income tax... More >>
9 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 2:14:00 PM CDT April 24, 2019 in News
JEFFERSON CITY (AP) — Missouri Gov. Mike Parson is seeking a major disaster declaration in response to severe flooding in... More >>
12 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 10:52:00 AM CDT April 24, 2019 in News
COLUMBIA – Several community members joined Columbia Police Interim Chief Geoff Jones and committee panel members Tuesday to discuss racial... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 7:21:00 PM CDT April 23, 2019 in News
COLUMBIA - Columbia's Building Construction Codes Commission approved reconstruction plans for the Columbia Canine Sports Center at a meeting Monday... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 7:00:00 PM CDT April 23, 2019 in News
COLUMBIA - The Columbia Missouri National Education Association (CMNEA) filed a lawsuit in Boone County alleging Columbia Public Schools violated... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:58:00 PM CDT April 23, 2019 in News
COLUMBIA - Beulah Ralph Elementary School has found its new principal. According to a news release from Columbia Public... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:28:00 PM CDT April 23, 2019 in News
COLUMBIA - A donation of 7.81 acres of land was given to the Columbia Parks and Recreation department by MBS... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:10:00 PM CDT April 23, 2019 in News
JEFFERSON CITY - A Missouri senator described a bill to limit prescription of opioids by dentists as "another tool we... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 3:40:00 PM CDT April 23, 2019 in News
Columbia, MO
Broken Clouds 57°
12am 58°
1am 58°
2am 57°
3am 56°