UMC Governing Board Audit & Finance Committee
Summary
Positive earnings from Directed Payment Program mask underlying staffing and volume issues.
What Matters to Employees 13 items
Positive earnings $29M YTD, but driven by Directed Payment Program.
Monitoring unallocated Cares Act funds; seeking County funding.
Extends participation to primary/quick care and NPs.
New 3-year commercial PPO agreement.
Extension 3 years; adds direct payment provision.
Compliance consulting for 12 months.
3-year agreement with extension option.
1-year term with auto-renewals for COVID response.
Tabled; nurse recruitment critical given high vacancy.
3-year contract for intraoperative monitoring services.
Legal consultation for 340B program compliance.
Additional funds for hematology reagents.
Infant protection system implementation.
All Agenda Items 10 items
New 5-year agreement; cost increase due to 340B expansion.
All modules implemented; 2 years left on agreement.
Admissions down 8%, acuity up 6.5%; year ends positive.
New 3-year agreement for continued access.
Updates language; adds Medicare Advantage appendix.
New 3-year, $200k/year for custom devices.
One-year extension for energy management.
Purchase for ENT/neurosurgery; 5-year support.
New 3-year; 24/7 emergency coverage.
Request for incident response; no details provided.