UMC Governing Board Audit & Finance Committee
Summary
Revenue up but expenses over budget; liquidity in red.
What Matters to Employees 8 items
Operating loss $1.1M for month, $2.9M YTD; overtime high.
Phase one capital project for OR renovation approved.
Fourth amendment for medication equipment and software.
New agreement for Joint Commission and CMS compliance.
Awarded to current vendor for contingency-based services.
Second attempt; all 5 respondents awarded at same rate.
Additional funding and locations added.
Preconstruction services awarded to Martin-Harris Construction.
All Agenda Items 8 items
Net revenue above budget $7.1M; expenses 6.3% over budget.
Detailed project timelines requested; summary presented.
Litigation update; FY23 CEO goals discussion.
Extended commercial PPO plan for 2 years.
Extended commercial PPO for 1 year; rate increase.
Extended radiopharmaceuticals agreement; added funding.
New 2-year fixed pricing agreement for supplies.
Added dental claim software to reduce denials.