UMC Governing Board Audit & Finance Committee
Summary
High volume and revenue offset by staffing shortages and rising costs.
What Matters to Employees 19 items
Unmodified opinion, no deficiencies.
Revenue above budget but expenses also high; positive income vs budgeted loss.
Revenue up $12M, expenses over $5.2M, nursing incentives.
No audit findings; Medicaid delays; bad debt collections paused.
FY21 income $10.3M; SB 248 limits debt collection.
Routine renovation project awarded to lowest bidder.
Adding new HMO product line.
Increased costs due to COVID patient admissions.
Adding Scan Healthplan to hospital contract.
Consolidated services for water safety.
Extends agreement 2 years through Aug 2023.
36-month commitment for 4-plex test kits.
Extension 1 year, rate increases Jan 2022.
Grant to improve HIV diagnosis and treatment access.
3-year term, replaces existing systems.
Increased costs for nurse travelers due to pandemic.
5-year agreement for Epic certified support.
Adds 15 health plans to telemedicine platform.
5-year maintenance for network equipment.