UMC Governing Board Audit & Finance Committee
Summary
Revenue above budget but expenses high; days cash on hand dropped to 94.
All Agenda Items 19 items
Net revenue above budget $7.1M; expenses 6.3% over budget.
Net revenue above budget $7.3M; expenses over $3.2M; cash on hand 94 days.
Detailed project timelines requested; summary presented.
Auditors started; brief discussion on price transparency.
Litigation update; FY23 CEO goals discussion.
Capital purchase for neuro service line enhancement.
Extended commercial PPO plan for 2 years.
5-year agreement for janitorial supplies; 90% purchase commitment.
Extended commercial PPO for 1 year; rate increase.
5-year agreement; no minimum purchase; as needed.
Extended radiopharmaceuticals agreement; added funding.
5-year agreement for plasma and biologics for transplants.
New 2-year fixed pricing agreement for supplies.
In-house testing saves time and money; 5-year agreement.
Added dental claim software to reduce denials.
Mandated by fire department; end-of-life panels replaced.
One-year extension; consolidated invoices for natural gas.
One-time purchase to maintain HVAC functions.
Additional funding due to market changes and construction cost increases.