UMC Governing Board Audit & Finance Committee
Summary
Volumes down 7.5%, ER visits down 18.8%, but CMI up.
What Matters to Employees 3 items
2-year agreement with renewal options, no compensation change.
Additional funds for Epic-Kaufman Hall integration.
New compensation plan for 340B program.
All Agenda Items 14 items
Operating loss $5.2M month, $20.8M YTD; supplies $8.4M above prior year.
Audits cancelled; focus on PPE inventory.
$151.4B unallocated as of August; $20B in September.
Volumes down 7.5%, ER visits down 18.8%.
Ratification for security and event management services.
Volume order for exam gloves with discount.
Removal of spine surgery from agreement.
Rate increase; $15.8M variable costs.
Upgrade critical life safety areas; not to exceed $1.5M.
Upgrade with $29K cost savings.
5-year contract, not to exceed $2M.
Contingency fee; cost savings mentioned.
10-year lease with two 10-year renewal options.
Data archiving; Beaker go-live April 2021.