UMC Governing Board Audit & Finance Committee
Summary
Multiple contracts approved; no negative numbers reported.
What Matters to Employees 2 items
Capitated agreement with rate increases and bonuses.
Volume order for exam gloves with prompt payment discount.
All Agenda Items 16 items
Audits cancelled; focus on PPE inventory.
Volumes down 7.5%, ER visits down 18.8%.
Renewed self-funded agreement; new specialty areas.
Commitment to purchase 90% of flu and COVID tests.
Rate increase; $15.8M variable costs anticipated.
Compliance contract for sterile compounding.
Additional funds for Epic to Kaufman Hall forecasting.
5-year agreement; existing tanks used for cost efficiency.
Upgrade with $29K cost savings.
New 24/7 emergency coverage; rates unchanged.
Contingency-based fee; cost savings included.
New agreement; slight increase of ~$18K/year.
Data archiving for lab project; cost savings.
Data abstraction for medical records quarterly reporting.
Compliance requirement for CMS core measures reporting.
Assist increased call volumes; support call center.