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UAMS tugs to make budget heel

Newly insured patients bolster bottom line, chancellor says

Posted: July 5, 2014 at 3:10 a.m.

The new budgetary year for the University of Arkansas for Medical Sciences began July 1 with a daunting outlook -- a nearly $9.2 million reduction in state funds, a $7.5 million cut in federal money, $3 million in lower Medicare payment rates and a loss in net assets of $17.3 million.

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Deputy Homeland Security Secretary Alejandro Mayorkas (left onstage), accompanied by President Barack Obama (right), administers the oath of allegiance Friday during a naturalization ceremony for active-duty service members and civilians in the East Room of the White House.

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