UMC Governing Board Audit & Finance Committee
Summary
Revenue down $8.6M YTD; no organizational goals met.
What Matters to Employees 15 items
Net patient revenue down $3M; supplemental payments $2M less.
Losses $752K; volume far below budget of 1500.
No impact from shutdown; new internal auditor hired.
Medicaid cyber breach delays supplemental payment program.
Adds CSC as location; updates rates.
Increased reimbursement for urgent care services.
New 3-year agreement for covered services.
Renewed 1 year; increased shift rate.
Adds performance incentive details.
Extends termination date; negotiations ongoing.
Adds compensation fee schedule for primary care.
New agreement with GPO pricing; rates same.
Adds remote specialty coding services for one year.
One-year agreement with auto-renewal clause.
Extends locum tenens and advanced practitioner staffing.
All Agenda Items 7 items
Net revenue down $2.5M; YTD revenue down $8.6M.
Extension to Nov 2025; new 3-year deal pending.
Extended to 2027; increased orthopedic rates.
New 3-year deal for outside lab testing.
3-year deal for inventory and 340B compliance.
5-year lease for surgical waste system.
3-year agreement; phase 3 of master plan.