UMC Governing Board Audit & Finance Committee
Summary
YTD operating loss of $16.3M, high contract labor $2.4M
What Matters to Employees 11 items
Unmodified opinion, no deficiencies.
Revenue up $12M, expenses over $5.2M, nursing incentives.
FY21 income $10.3M; SB 248 limits debt collection.
Adding new HMO product line.
Adding Scan Healthplan to hospital contract.
Extends agreement 2 years through Aug 2023.
Extension 1 year, rate increases Jan 2022.
3-year term, replaces existing systems.
5-year agreement for Epic certified support.
Adds 15 health plans to telemedicine platform.
5-year maintenance for network equipment.
All Agenda Items 10 items
YTD loss $16.3M; contract labor $2.4M; cash 3.5 months
Received $80M Cares; reviewing expenditures; discharge delays
Several bills survived; UMC bill AB44 failed
No findings; clean audit
Language change; no admin fee
Expands network to include UMC
Reduces fraud; improves MyChart access
Replace end-of-life systems; cyber security
New 24/7 service; same rate
340B program with Walmart; previously discussed