UMC Governing Board Audit & Finance Committee
Summary
Medicaid cuts of $84M projected; liquidity in red; quick care volumes down.
What Matters to Employees 11 items
EBITDA above budget but liquidity in red; 44.8 days cash.
Projected $84M reduction; 100K Nevadans may lose Medicaid.
$80M impact from state-directed payments; Medicaid cuts looming.
All goals met; 100% award recommended.
Six goals proposed; goal #4 and #6 debated.
New agreement for kidney/pancreas transplants.
Extension while negotiating new agreement.
Extension while negotiating new agreement.
5-year agreement for 24/7 stroke neurology coverage.
2-year extension with increased funding.
Replace outdated defibrillators; 5-year warranty.
All Agenda Items 7 items
Denial rate 3.46% vs national 3.80%; 200 peer-to-peer consults.
EBITDA $3.7M vs budget $2.8M; liquidity red, cash <2 months.
Goal 1 deemed not viable; committee suggests only 2 goals.
30-day extension; all other terms unchanged.
Adds food services at Crisis Stabilization Center.
One-year term; vendor now on HPG.
10-year lease; right of first offer to purchase.
Related Historical Findings
Execs get full bonus while labor utilization goal partially missed.
100% goal award for executives based on met metrics.
"Staff recommends that all of the goals were met and this would award 100%."