UMC Governing Board Audit & Finance Committee
Summary
Clean audit with unmodified opinion; no financial statements for October.
What Matters to Employees 1 items
New residency program with 3 residents per year.
All Agenda Items 20 items
22% Medicare in ACO; 78% Medicare Advantage.
Unmodified opinion, no misstatements or weaknesses.
Revenue $2.4M above budget, expenses $4.8M above, EBDA $2M below.
No October financial statements due to early meeting.
No audit issues; $430K pickup in Period 13.
Extends managed care agreement to 2026, adds service rates.
77% complete, on time and budget, $13.7M remaining.
Increases funding and extends architectural design term.
Extension for one month while negotiating new contract.
New accreditation vendor for annual inspections and quality.
Additional repairs needed on 6th and 7th floors; unbudgeted cost.
Replaces outdated computers not supporting Windows 11.
New 3-year agreement for 24/7 pathology services.
New one-year tele neurology service for pediatric patients.
Item tabled; no action taken.
Adds neuro power and bone mill equipment with service plan.
3-year agreement for apheresis services.
Extends pest management term and adds funding for new sites.
Assessment to identify revenue cycle improvements.
3-year agreement with 2 one-year renewals; incumbent.