Northwestern Memorial’s strong financial performance is essential to our efforts to provide quality healthcare and plan for future growth.

In fiscal year 2007, we delivered on our commitment to open the new Prentice Women’s Hospital and invested in new clinical program initiatives, people and more than $200 million in existing facilities and equipment – all of which helped us maintain our national reputation as a healthcare leader. Our longstanding dedication to serving the community, including the medically underserved, was evidenced in part by providing $265.8 million (or 23% of net revenue) in charity care, other unreimbursed care and community benefit.

Maintaining our financial health is critical to advancing our Patients First mission. We will continue to grow to meet the needs and expectations of our patients. We will support world-class medical care and training through ongoing funding of medical education programs and scientific research.

Northwestern Memorial remains one of only five hospitals or healthcare institutions in the country with the highest AA+ bond rating from Standard & Poor’s. We take great pride in the accomplishments of the past year and remain focused on the financial planning and discipline that will support our continued success.