UMC Governing Board Audit & Finance Committee
Summary
Admissions down 19%, high contract labor costs, low cash reserves.
What Matters to Employees 3 items
Volume order for exam gloves with prompt payment discount.
Pending federal payments, transplant funding risk.
Temporary staffing for Ultrasound and EEG technicians.
All Agenda Items 16 items
Audits cancelled; focus on PPE inventory.
Safe combination and badge access deficiencies found.
Volumes down 7.5%, ER visits down 18.8%.
Admissions down 19%, contract labor high, cash 3.2 months.
Rate increase; $15.8M variable costs anticipated.
New one-year PPO agreement with new rates.
Additional funds for Epic to Kaufman Hall forecasting.
UMC added to Aetna's Center of Excellence network.
Upgrade with $29K cost savings.
Standardize and replace privacy curtains facility-wide.
Contingency-based fee; cost savings included.
One-year extension for transplant database software.
Data archiving for lab project; cost savings.
Purchase of surgical robot with 5-year maintenance.
Additional equipment for medication management.
Services for identity verification and claims management.