The School of Medicine and Public Health (SMPH) and the Department of Medicine (DOM) hold a unique position within UW-Madison, because we work very closely with UW Health. UW Health (including UW Hospital and Clinics) is not a part of the public state-owned university, they are an independent non-profit business. Each entity manages its own funding, accounting, and uses a separate chart of accounts.
Due to the close partnership between SMPH and UW Health, we developed a way to compare funding and expenses across two charts of accounts. All expenses are coded to a both a specific expense type (travel, lab supplies, etc.) and to a broad ‘mission’ category: clinical, education, research, public service, or general administration. This allows us to create a big-picture overview of all expenses across both entities, and to view financial information and key metrics by each mission.
Visit the following pages to learn more about the structure of the combined mission coding, and details on each entity’s chart of accounts: