UMC Governing Board Audit & Finance Committee
Summary
Positive earnings but staffing costs and COVID pressures persist.
What Matters to Employees 24 items
Positive earnings $29M YTD, but driven by Directed Payment Program.
No exceptions reported.
Monitoring unallocated Cares Act funds; seeking County funding.
Positive earnings but SWB 57.1% and overtime costs.
Extends participation to primary/quick care and NPs.
Medicaid claims suspended 2 weeks due to shortfall.
New 3-year commercial PPO agreement.
Beaker go-live Nov 2; 5-star Gold status.
Compliance consulting for 12 months.
2-month extension for transition.
3-year agreement with extension option.
Closes prior year amounts; extends 1 year.
1-year term with auto-renewals for COVID response.
Allows residents to staff primary/quick cares.
Tabled; nurse recruitment critical given high vacancy.
5-year software/license/maintenance deal.
3-year contract for intraoperative monitoring services.
1-year pricing agreement.
Legal consultation for 340B program compliance.
New 5-year storage agreement.
Additional funds for hematology reagents.
3-year pricing with annual cap.
Infant protection system implementation.
Purchase for pathology lab.