2008 Annual Report

Leadership Letter

Financial Report

Foundation Report

What Matters to You?

Financial Report

Despite difficulties in the economy and world credit markets, Northwestern Memorial's strong financial performance continues to support our efforts to provide quality healthcare, plan for future growth and work with our campus partners to earn recognition as one of the nation's pre-eminent academic medical centers.

Our disciplined approach to long-range planning and financial stability has allowed us to accomplish many things during fiscal year 2008 while delivering medical care to a record number of inpatients and to those seeking care from our outpatient programs, which reflect a growing population of the uninsured and underinsured. We are proud of our efforts in support of our longstanding community service mission, which includes providing $209.9 million in charity care, other unreimbursed care and community benefit.

As we work collaboratively with Northwestern University's Feinberg School of Medicine and the medical staff to invest in programs, services and facilities that will transform the future of healthcare, we will continue to support world-class medicine through efforts that fund clinical innovation, medical education and scientific research.

We look forward to the upcoming year with great confidence. We remain one of only five hospitals or healthcare institutions in the country with the highest AA+ bond rating from Standard & Poor's. Our vigilance in financial planning will support our vision to accomplish even more in the next year.

Peter J. McCanna
Executive Vice President, Administration
and Chief Financial Officer
Northwestern Memorial Hospital

Download a PDF of the Financial Report