UMC Governing Board Audit & Finance Committee
Summary
Staffing shortage driving high length of stay and premium labor costs.
What Matters to Employees 11 items
No discrepancies found but reconciliation processes lacking.
Leading clinical trial site; financial benefits shown.
No findings or exceptions; clean audit.
Revenue above budget but expenses up $6.5M; labor costs high.
No provider relief funds received yet; budget timeline tight.
Adding funding for certified mailings per SB248.
Software for utilization management; extends license.
New pricing agreement for shoulder implants; no conflicts.
Adds module for personnel records import.
Three-month extension to avoid gap in oncology coverage.
Additional grant funding for pediatric disaster planning.
All Agenda Items 13 items
On track; budget details discussed; risk mitigation in place.
Admissions -9.5%; labor +$7.7M; cash on hand 54.1 days.
No impact to UMC; private hospitals may face 15% fee.
Ratification for anesthesia/ortho reimbursement.
Adds orthopedic and anesthesia professional fees.
Extends term 24 months; updates reimbursement.
Adds orthopedic and anesthesia professional services.
Extends term; increases NTE for renovation projects.
Sole respondent; 3-year term with extensions.
Increases funding for pest control at new locations.
Approval to purchase property; closing pending.
Adds pancreas transplant; increases funding due to volume.
Additional space, parking, extended term to 2028.