UMC Governing Board Audit & Finance Committee
Summary
Year-to-date deficit of $7M; staffing costs over budget $3.7M.
What Matters to Employees 20 items
Expenses $8M over budget; surgeries down 17-29%.
Net revenue $5M over budget but expenses $7M over; YTD deficit $7M.
Medicaid rate needs 114% increase; $200M outstanding.
Medicaid enrollees expected to drop; 340B litigation ongoing.
Income $5.3M below budget; capital spending behind.
Adds orthopedic service line; spinal care excluded except trauma.
New PPO/HMO network for ortho and anesthesia.
Modifies quality incentive program for ambulatory care.
Adds Medicare Advantage to existing agreement.
Extends agreement 1 year; adds funding for supplies.
Adds anesthesia services to preferred provider agreement.
Required for OSHA compliance; 1-year agreement.
Infectious disease services; 50% grant funded.
New 5-year agreement for laundry and delivery services.
Ratified for cardiovascular anesthesia; high-risk specialty.
New software for financial planning; 4-year agreement.
Extension and additional funding for marketing services.
Onsite testing for external façade project through 2025.
Contingency-based platform to recover denied claims.
Incomplete item; no details provided.