UMC Governing Board Audit & Finance Committee
Summary
Admissions 4% below budget; AADC high at 682; net revenue below budget $472K.
What Matters to Employees 5 items
Sequestration resumed, ARPA denied, audit begun.
Informational, no direct impact, potential patient benefit.
Extend term one year; update rate and fee schedules.
New vendor for perfusion services, 3-year agreement.
17 agencies selected; 3-year term with options.
All Agenda Items 11 items
Revenue below budget $980K, labor over $2M, earnings $1.9M vs $3.5M budget.
Committee concerned about limited oversight resources.
Admissions 4% below budget; net revenue below $472K.
Audit report anticipated in November.
New 5-year agreement, ensures supply.
3-year term; multi-specialty HIV services.
Sub-recipient grant, amount TBD.
Adds product, extends 3 years, streamlines quality measures.
5-year terms; Epic certified professionals.
New vendor for documentation accuracy, 90-day pilot.
1-year extension; additional funds for ambulatory facilities.