UMC Governing Board Audit & Finance Committee
Summary
YTD income from ops down $22.9M; days cash on hand 33.3.
What Matters to Employees 1 items
21 FTEs for increased volume.
All Agenda Items 22 items
YTD loss $22.3M; admissions down 20%.
YTD income from ops down $22.9M; cash 33.3 days.
COVID admissions down, but still high.
COVID dropping; $78M CARES Act; Peterson-Milbank program.
VSP and open positions not replaced.
2-year agreement to enhance telemedicine; 4-month implementation.
Routine contract addendum.
Federal grant for HIV screening and treatment.
Replaces United Healthcare agreement.
Quarterly phased curtain cleaning.
Covers 26K lives.
Additional funding for lab reagents.
Replaces EHR; aims to improve statusing.
5-year extension; replace end-of-life equipment.
Helps chronic patients.
Net patient revenue dropping 4.4%; COVID activity removed.
Contract labor for coding.
Remote complex coding.
Additional COVID outreach funding.
No rate change; 10 providers.
5 FTEs minimum.
IT infrastructure renewal.