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Audit & Finance

UMC Governing Board Audit & Finance Committee

-0.30 Sentiment
0.40 Spin (VADER − DeepSeek)
9 Agenda Items
3 Employee-Relevant

Summary

Volumes down 18% vs FY19; YTD loss $9.1M; cash 3.3 days.

finance patient access staffing

🔔 What Matters to Employees 3 items

finance +0.30 keywords: benefit

Extended 2 years; net benefit $1.9M.

staffing +0.30 topic=staffing

New scheduling modules; go-live 8-10 weeks.

staffing -0.20 topic=staffing

New 2-year contract for temp labor.

All Agenda Items 16 items
finance -0.30

YTD loss $16.3M; contract labor $2.4M; cash 3.5 months

finance -0.40

YTD loss $9.1M; volumes down 18% vs FY19.

finance -0.20

Received $80M Cares; reviewing expenditures; discharge delays

finance 0.00

No new CARES; $31M county allocation approved.

governance +0.20

Several bills survived; UMC bill AB44 failed

patient access +0.20

Reduced fee-for-service threshold to 300 members.

governance +0.50

No findings; clean audit

finance +0.30

Language change; no admin fee

other +0.10

Extended 2 years; exclusive data mapping.

patient access +0.40

Expands network to include UMC

patient access +0.40

Reduces fraud; improves MyChart access

capital facilities +0.30

Replace end-of-life systems; cyber security

capital facilities +0.20

10-year lease; $500k TI contribution.

quality safety +0.30

New 24/7 service; same rate

governance -0.10

Decrease in resident salaries.

finance +0.20

340B program with Walmart; previously discussed