UMC Governing Board Audit & Finance Committee
Summary
Denial rate 3.46% below national average; liquidity red, cash <2 months.
What Matters to Employees 1 items
$80M impact from state-directed payments; Medicaid cuts looming.
All Agenda Items 17 items
28-bed facility opening 2027; $48.9M capital budget.
Denial rate 3.46% vs national 3.80%; 200 peer-to-peer consults.
EBITDA above budget but days cash <2 months.
EBITDA $3.7M vs budget $2.8M; liquidity red, cash <2 months.
County reallocating capital funds due to deficit.
$48.9M capital budget for FY2026.
Goal 1 deemed not viable; committee suggests only 2 goals.
Denial write-offs $29.6M; 60.9% claims closed denied.
30-day extension; all other terms unchanged.
Extended term and increased reimbursement rates.
Adds food services at Crisis Stabilization Center.
Adds Patient Access Curator to manage denials.
One-year term; vendor now on HPG.
5-year contingency contract with Sunbelt.
10-year lease; right of first offer to purchase.
3-year contract for 24/7 hand surgery coverage.
Extended lease 5 years through 2030.