UMC Governing Board Audit & Finance Committee
Summary
EBITDA $400k below budget YTD; observation cases record low.
What Matters to Employees 2 items
Medicaid directed payment delays; legislative risks.
Need to hire additional radiologists; increased funding.
All Agenda Items 14 items
EBITDA $4.1M below budget YTD; days cash on hand 41.7.
EBITDA $3.8M above budget month, but $400k below YTD.
Pause on federal grants and Medicaid expansion impact.
New agreement; Medicare allowable rates for physician services.
New 3-year agreement for inmate services.
90-day extension while negotiating new agreement.
62-month agreement; no upfront cost for pulse oximetry equipment.
Updated billing codes and increased rates.
Updated reimbursement rates and definitions.
Reimbursement for construction and equipment.
Clinical specialists for surgical navigation support.
5-year lease for prophylaxis pumps.
5-year extension for 503B compounded products.
First review; challenges in ER visits and quick care closure.