Looking back on 2024
What are the financial results for 2024 and how did we deal with (financial) risks to safeguard our reputation and continuity?
The annual account for 2024 no longer shows any significant incidental effects from previous years. Healthcare, education, and research could continue as usual in 2024. We also continued on full scale with our underlying operational and (strategic) programs and projects in 2024, and even intensified these.
We continued for example with the Healthcare of Tomorrow program , and took it further by thinking about smarter ways to structure our organization. We also pursued our efforts in the further development of plans for our strategic development vision for accommodation (strategische ontwikkelvisie huisvesting or SOH) . This led to a feasible plan in the form of the integral structure design (integraal structuur ontwerp or ISO). As a result, the renovation of the Wilhelmina Children’s Hospital was decided and set in motion in 2024 [link to H1.3 UMC Utrecht in society – Our direction and approach]. We were able to finance these renovations and plans up until 2027 entirely through through own resources. In the coming years, we will have to attract further funding to execute subsequent construction plans.
Rising inflation, staff shortages, new insights in the field of digitalization, and growing demands for sustainability in the materials that are to be used, makes this a complex task. Careful considerations and planning are the order of the day. This also has a financial impact that can be seen in the increase of our deposits with banks which we keep for future investments. The interests that we earn on these partially compensate for rising costs.
In the course of 2024, 9,493 FTEs were active at UMC Utrecht (involving a total of more than 12,000 colleagues). 8,293 FTEs worked in collectively financed healthcare, education, and research, and 1,200 FTEs in research financed by other funding flows such as charity funds and companies. No further FTEs were employed in other activities.
