Chancellor Presents UCSF Financial Outlook, Campus Overview to UC Regents

UC San Francisco Chancellor Sam Hawgood, MBBS, and other campus leaders presented a campus overview to the UC Board of Regents on Wednesday, highlighting such topics as diversity, degree completion and UCSF’s financial outlook.

The presentation, made to the Regent’s Committee on Finance, is part of a series of updates by each campus in the UC system so the Regents can get a sense of the outlook for each campus, especially their operating budgets, Board of Regents Chair Monica Lozano said.

Hawgood was joined in presenting to the Regent’s committee by Executive Vice Chancellor and Provost Daniel Lowenstein, MD; UCSF Health CEO Mark Laret; and Teresa Costantinidis, associate vice chancellor for Financial and Administrative Services.

Revenue Growth and Projections

Hawgood said UCSF is achieving financial success through measures to take control of costs and increase revenues.

“Both the campus and UCSF Health have developed a pervasive culture of continuous process improvement, and we are achieving operational efficiencies across patient care, academic and administrative functions,” Hawgood said.

That focus, Hawgood and the leadership said in the presentation, has lead to a 17.1 percent growth in revenue over the last two fiscal years from $4.075 billion to $4.77 billion. The budget presented to the Regents excluded UCSF Benioff Children’s Hospital Oakland in order to match the University of California Office of the President’s published financials. 

With the UCSF Benioff Children’s Hospital Oakland included in the budget, UCSF’s total combined revenue sources for 2015 totals $5.4 billion. The revenue from UCSF Benioff Children’s Hospital Oakland will be included in future reports and presentations to the Regents.

The presentation also included budget projections through 2020, at which time UCSF projects $6 billion in revenue – an increase expected to be driven primarily by UCSF Health. The increased revenue is expected primarily from expansions in patient services currently underway.

Hiring, Admittance of Underrepresented Minorities

The presentation also included an update on UCSF’s efforts to increase the rates of hiring and admittance of underrepresented minorities, as well as the degree completion rate at UCSF. Rates for students at UCSF are well ahead of recent national comparison data, Lowenstein said. 

At UCSF, 80 percent of PhD students who entered the University between 2000 and 2002 completed their programs within 10 years. That compares with the 65 percent of life sciences PhD students at private institutions and 62 percent of such students at public institutions who complete their degree in 10 years.

The diversity and inclusion of the UCSF faculty and students drew attention and questions from the Regents, especially around the growth of underrepresented minorities in the student population.

“We are seeing improvement in our enrollment and hiring of women and underrepresented minorities, but we still have room for improvement,” Lowenstein said.

Underrepresented minorities – which includes blacks, Latinos and Native Americans – made up 17 percent of the fall 2015 class for graduate academic students and 18 percent of graduate professional students at UCSF. That’s an increase from the 5 percent of graduate academic students in the fall 2000 class and the 9 percent of graduate professional students in 2000.

Reaction from Regents

UCSF’s presentation was followed by a question-and-answer session during which the Regents raised several questions, including several about UCSF’s efforts to increase diversity among its faculty and students as well as how the University is measuring its improvements.

Other topics raised by the Regents during the question period included ones about UCSF's Cost of Living Supplement Program and how faculty members are being trained in equity and inclusion. Hawgood noted that all faculty in UCSF's School of Medicine are being trained in equity and inclusion as part of the new Bridges Curriculum that is launching in August.

At the close of the presentation and question-and-answer session with the Regents, Lozano praised Hawgood and the executive team. “I want to congratulate you and your team for really an extraordinarily good job of managing UCSF,” she said.

UCSF was the second campus to give an outlook presentation to the Regents. UC Berkeley presented its update at a previous Regents meeting. UC Merced and UC Santa Cruz also presented campus overviews on Wednesday.

For more campus news and resources, visit Pulse of UCSF.