UConn Health Anticipates Record $1 Billion In FY25 Patient Revenue

STOTRRS/FARMINGTON, CT — UConn Health expects to generate more than $1 billion in patient care revenue from its hospital and clinical operations in the coming fiscal year, the first time it will cross that major threshold, officials said Wednesday.

That'a a path to a 133 revenue increase over the past 10 years, officials said.

The new fiscal year begins July 1.

The figures, which are part of the 2024-25 University budgets that the Board of Trustees adopted Wednesday, reflect a full rebound – and then some – from the unavoidable decline that UConn Health experienced when it had to curtail many non-urgent business operations during the COVID pandemic, officials said.

It also illustrates the increasing volume of patients choosing UConn John Dempsey Hospital, its pharmacy operations, UConn Health’s physician practices, and related services amid the competitive healthcare landscape, they added.

As part of the new budgets adopted Wednesday, UConn also will significantly increase its institutionally funded financial aid in the coming fiscal year, continuing its "longtime commitment to helping students from all backgrounds access the life-changing benefits of a UConn education."

The total amount allocated in the new budget for student financial aid will increase from $283.1 million in FY24 to $306.6 million in the coming fiscal year.

Of that, the institutionally funded amount that comes as a portion of tuition revenue will increase from $181.2 million to $198.4 million. The rest comes from federal sources such as the Pell Grant, state programs, scholarships funded by specific departments, and scholarships from private sources such as donor endowments.

Almost three-quarters of UConn’s students receive financial aid in the form of grants and scholarships that they don’t need to repay.