UMC Governing Board Audit & Finance Committee
Summary
YTD loss $22.3M, admissions down 20%, ER visits down 27%.
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.
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.
21 FTEs for increased volume.
All Agenda Items 14 items
YTD loss $22.3M; admissions down 20%.
COVID admissions down, but still high.
VSP and open positions not replaced.
Routine contract addendum.
Replaces United Healthcare agreement.
Covers 26K lives.
Replaces EHR; aims to improve statusing.
Helps chronic patients.
Contract labor for coding.
Remote complex coding.
Additional COVID outreach funding.
No rate change; 10 providers.
5 FTEs minimum.
IT infrastructure renewal.
Related Historical Findings
CEO bonus tied to cutting staff via VSP and unfilled posts.
VSP and not replacing open positions reduce SWB costs.
"the Voluntary Separation Program (VSP) is a key driver. She added that open positions have not been automatically replaced."