UMC Governing Board Audit & Finance Committee
Summary
Operating expenses $5.4M over budget YTD; anesthesia issues persist.
What Matters to Employees 11 items
No material weaknesses; clean audit.
Updated compensation and service rates.
Revenue $400K above budget, expenses $3.5M over.
PHE extended; Medicaid enrollment may drop.
5-year extension with major commercial payor.
5-year contract with current vendor.
Hardware/software purchase and migration.
5-year storage agreement.
3-year license for orthopedic navigation.
2-year addition for CMS data analytics.
Replacement of biohazard waste equipment.
All Agenda Items 7 items
No Oct update; $2.3M pickup; CMS audit risk.
Medication adherence incentive program.
Orthopedic services for OptumCare members.
Extended term, added EP studies and drugs.
Closes out prior contract year amounts.
Updated scope, added funding.
Non-surgical orthopedic services.