UMC Governing Board Audit & Finance Committee
Summary
Staffing shortage driving high contract labor costs and LOS.
What Matters to Employees 21 items
Telehealth grant likely denied; RAC audits resume.
Unmodified opinion, no deficiencies.
Coding FTEs cut 45%, contract coders fill gaps.
Revenue up $12M, expenses over $5.2M, nursing incentives.
New Medicaid MCO contracts, 3-year term.
FY21 income $10.3M; SB 248 limits debt collection.
Price lock for specimen supplies.
Adding new HMO product line.
67-month bundled services contract.
Adding Scan Healthplan to hospital contract.
Software to monitor contract pricing, 5-year term.
Extends agreement 2 years through Aug 2023.
3-year security monitoring solution.
Extension 1 year, rate increases Jan 2022.
Surgical tools and service, 3-year lease.
3-year term, replaces existing systems.
Cloud-based physician comp software, 3-year term.
5-year agreement for Epic certified support.
Renewal through May 2022, cost reimbursement updated.
Adds 15 health plans to telemedicine platform.
5-year maintenance for network equipment.