UMC Governing Board Audit & Finance Committee
Summary
Financials delayed; CMS audit risk; multiple contract approvals.
What Matters to Employees 11 items
Expenses $8M over budget; surgeries down 17-29%.
Medicaid rate needs 114% increase; $200M outstanding.
Updated compensation and service rates.
Income $5.3M below budget; capital spending behind.
New PPO/HMO network for ortho and anesthesia.
Adds Medicare Advantage to existing agreement.
Adds anesthesia services to preferred provider agreement.
Infectious disease services; 50% grant funded.
Ratified for cardiovascular anesthesia; high-risk specialty.
Extension and additional funding for marketing services.
Contingency-based platform to recover denied claims.
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.