For the FY26 budget, UConn Health will experience a shortfall of $46.7 million, which we must make up through cost savings and revenues over the next 12 months. This is the FY26 budget that was approved by the UConn Health Board of Directors and the UConn Board of Trustees:

FY26 Budget

UConn Health Mitigation Plan

This $46.7 million is the target of what we call our Mitigation Plan. Some of the many initiatives that are being put into place as part of this Mitigation Plan, include the following:

• Implementing Consulting Firm Findings
  Comprehensive expense reduction and revenue cycle enhancement opportunities
• Pausing Capital Projects
  Reviewing all non-revenue-generating (short-term) capital projects
• Decreasing Other Fund Balances
  Reviewing fund balances for withholding
• Pausing Non-Critical, Non-Revenue-Generating Hiring, and Retentions
  Vacancy and Faculty Review committees
• Hiring & Other Position Requests
• Reviewing Workforce and Overtime for Efficiencies
• Promoting Voluntary Schedule Reduction Program (VSRP)
  For employees, where appropriate
• Pausing Non-Essential Travel, Events, Catering for Savings
• Guidance on Essential Travel
• Decreasing Purchasing Costs
  Review contracts and GPOs for expense reduction
• Increase Cafeteria Prices
• Implementing Strategic Capacity, Partnerships, and Program Enhancements for Revenues
• Managed Care Negotiations for Fair Rates
  Consulting firm supporting our negotiations