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Caption: Board of Trustees Minutes - 1988 This is a reduced-resolution page image for fast online browsing.
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1987] UNIVERSITY OF ILLINOIS 425 I concur. On motion of Mr. Logan, these recommendations were approved. Establishment of Quasi-Endowment (Frank C. Mock Estate) (9) Frank C. Mock, a resident of North Plainneld, New Jersey, died on September 26, 1983, leaving a will naming the University of Illinois as beneficiary.* T h e distribution to the University is estimated to be $366,000. T h e purpose of the bequest designated by the donor is to provide scholarships for needy students in the Department of Electrical Engineering at the Urbana campus. The head of the department has proposed the establishment of a quasiendowment with all funds received from the Mock estate. The income would be used to grant scholarships and fellowships in memory of Frank C. Mock to needy students in electrical and computer engineering. The interim chancellor at Urbana, the vice president for business and finance, and the acting vice president for academic affairs have recommended the establishment of the quasi-endowment for the purpose described. I concur. On motion of Mr. Logan, this recommendation was approved. By consensus, the board agreed that one roll call vote would be taken and considered the vote on each agenda item nos. 10 through 18 inclusive. The recommendations were individually discussed but acted upon at one time. (The record of board action appears at the end of each item.) Contract for Management Services with Hospital Corporation of America Management Company, Inc. (Eye and Ear Infirmary), Chicago (10) T h e chancellor at the Chicago campus has recommended award of a contract to the Hospital Corporation of America Management Company, Inc. ( H M C ) , a Delaware corporation, to provide consultation, supervision, and certain key personnel in the operation of the University Eye and Ear Infirmary. The infirmary was founded in 1858 as a nonprofit clinic, was operated as a free-standing State facility for three-quarters of a century, was jointly operated by the Illinois Department of Children and Family Services and the College of Medicine for 25 years, and since 1973 has been administered as a part of the University of Illinois Hospital and Clinics. In the last few years, changes in technology and in reimbursement have required new management skills, improved use of resources, and new billing and collecting processes. H M C is successfully providing these services at similar facilities at other universities. Contracting for management services for the infirmary (but not the entire University of Illinois Hospital) will provide an opportunity for the hospital director and campus administration to evaluate the effectiveness and efficiency of such an arrangement and its possible applicability to other areas of the hospital and clinics. At the same time, the management services provided by H M C will strengthen the operation and competitive positions of two of the strongest departments, Ophthalmology and Otolaryngology.' Mr. Mock attended the University in 1926 and 1927. The clinical activity of these two departments accounts for a significant volume of the total hospital and clinics, particularly in out-patient visits (26 percent of the total); and surgical operations (23 percent). 1 a
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