UMC Governing Board Audit & Finance Committee
Summary
Cash at record low 33.3 days; $283M supplemental payments outstanding.
What Matters to Employees 9 items
Lack of documentation for utility payment approval.
Revenue $2.3M below budget; cash 33.3 days; $283M outstanding.
40% HOPD cut proposed; 114K Nevadans reinstated in Medicaid.
Scope issues discovered during construction; architect to be involved earlier.
New 1-year agreement for sterile preparations.
Increased funding for power and fire alarm upgrades.
AI automates medical necessity reviews; 3-year term.
Extensions for out-of-state Medicaid, workers' comp, zero balance review.
No details provided in text.
All Agenda Items 4 items
Net patient revenue down $6.4M; labor in red.
Medicaid disenrollment errors; DSH opt-out secured.
Extension 2 years; adds radiology fees.
Extension 2 years; removes spinal surgery exclusion.