UMC Governing Board Audit & Finance Committee
Summary
Revenue down $3M, supplemental payments $2M short, CSC losses $752K.
What Matters to Employees 14 items
Net patient revenue down $3M; supplemental payments $2M less.
Losses $752K; volume far below budget of 1500.
Medicaid cyber breach delays supplemental payment program.
3-year extension with updated fee schedule.
Adds CSC as location; updates rates.
Increased reimbursement for urgent care services.
New 3-year agreement for covered services.
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 9 items
EBITDA loss $500K vs budget $1.7M; net revenue below $3.4M.
Project completed on time, under budget with $2.3M savings.
Goals include EBITDA, ALOS, labor utilization, revenue capture.
Rate increase and extension through July 2027.
Rate increase and extension through July 2027.
New 3-year agreement with independent PPO network.
2-year commitment for reagents; HPG pricing.
New 5-year agreement for transplant waiting list access.
Upgrade from 20-year-old unsupported system.