UMC Governing Board Audit & Finance Committee
Summary
Mixed: record ER visits and admissions, but below-budget surgeries and high expenses.
What Matters to Employees 5 items
No overpayments for FY21; FY24 cost report submitted.
Adds orthopedic, internal medicine, emergency services.
Adds internal medicine and emergency medicine services.
Adds hospitalist and emergency medicine services.
Adds compensation for Medicaid services.
All Agenda Items 9 items
87% complete, $7.4M remaining, completion June 2025.
Admissions 7.5% below budget; income $3.3M vs $3M budget.
Record ER visits (10k+), admissions 5% over budget; income $3.7M vs $3M.
Anticipates making budget; FY26 budget process begins.
Extends transplant services to Dec 2027; ratified.
New agreement increases reimbursement for primary/urgent care.
Five-year pricing lock; can terminate with 60 days notice.
Three-year term with renewal options for translation services.
Awarded to Monument Construction for crisis stabilization unit.