Finances Continue Upward Trend
The MGH Institute during Fiscal Year 2016 continued its recent trend of maintaining a healthy financial position. According to Vice President for Finance and Administration Atlas Evans, operating revenues grew 3.5 percent to $49 million, and total assets topped the $90 million mark for the first time. The increases were spurred from additional income generated by a full complement of students in the school’s two newest programs, the Doctor of Occupational Therapy and the Master of Physician Assistant Studies.
The IHP also expanded its pledge to assist students via scholarships and other tuition discounts to reduce the burden of their education costs. In the year ending June 30, 2016, student aid increased 18.5 percent over Fiscal Year 2015 to just under $6 million. This represents a 48 percent increase over the past five years.
“The Institute is proud to provide our students the opportunity to pursue their dreams of becoming health care professionals,” said President Jan Bellack. “The Board of Trustees is committed to ensuring this effort continues in the coming years.”
For more information, read the FY16 Financial Report.
The Financial Report is in PDF format. You can download Adobe Acrobat Reader for free to view the PDF.