UMC Governing Board Audit & Finance Committee
Summary
YTD loss $22.7M, admissions down 18%, length of stay up 36%
What Matters to Employees 2 items
Capitated agreement with rate increases and bonuses.
Pending decision, awaiting $80M supplemental payments
All Agenda Items 18 items
Unqualified opinion, no deficiencies reported
Renewed self-funded agreement; new specialty areas.
YTD loss $22.7M, admissions down 18%, COVID costs $69M
Commitment to purchase 90% of flu and COVID tests.
Compliance contract for sterile compounding.
Adds Amwell Medicare plan, extends contract
5-year agreement; existing tanks used for cost efficiency.
Adds incentive programs for primary care
New 24/7 emergency coverage; rates unchanged.
2-year extension with auto inflator
New agreement; slight increase of ~$18K/year.
Adds comprehensive visit plan
Data abstraction for medical records quarterly reporting.
$3.6M annual cost, 2.5% annual increase
Compliance requirement for CMS core measures reporting.
Turn-key project, upgrade in imaging quality
Assist increased call volumes; support call center.
Purchasing agreement for test kits