UMC Governing Board Audit & Finance Committee
Summary
Cash on hand below 2 months; liquidity in red.
What Matters to Employees 2 items
Medicaid directed payment delays; legislative risks.
Facade on budget; $880B Medicaid cuts risk.
All Agenda Items 18 items
EBITDA $3.8M above budget month, but $400k below YTD.
No changes; routine approval.
EBITDA $221k above budget; cash below 2 months.
New 3-year agreement for inmate services.
90-day extension while negotiating new agreement.
60-day extension for negotiation.
Updated billing codes and increased rates.
5-year service for ED and trauma CT.
Updated reimbursement rates and definitions.
3-year extension for CMS core measures.
Reimbursement for construction and equipment.
3-year maintenance for OR instruments.
Clinical specialists for surgical navigation support.
Lowest bidder; 180-day project.
5-year lease for prophylaxis pumps.
Budget adjustments; timeline unchanged.
5-year extension for 503B compounded products.
First review; challenges in ER visits and quick care closure.