UMC Governing Board Audit & Finance Committee
Summary
Revenue down $6.2M, labor in red, cash collections red.
What Matters to Employees 3 items
16% complete, no audit findings, advanced schedule possible.
No adjustments, but DSH cuts and CMS reviews pending.
New 1-year agreement for sterile preparations.
All Agenda Items 15 items
Violations, insufficient camera coverage, inventory variances.
Revenue down $6.2M, labor in red, cash collections red.
340B $800K, DSH opt-out secured, Medicaid disenrollment errors.
Revenue $4.7M below budget, surgeries down 20-23%.
Extends 2 years, adds radiology fees.
Extends 2 years, removes spinal surgery exclusion.
New network targeting 15K covered lives.
Contingency-based recovery of bad debt.
3-year agreement for wireless services.
3-year security services contract.
3-year agreement for archival software.
Additional funding for medical transport.
Extends grant period, adds funding.
Discussion only, no action taken.
Tabled due to scope miss and cost increase.