UMC Governing Board Audit & Finance Committee
Summary
Revenue down $19M YTD, CSC subsidy exhausted, quick care delayed.
What Matters to Employees 4 items
Exploring IGT payment; Strata modules purchased.
Boulder City layoffs 70; HR1 impact on Medicaid.
Extension 3 years; additional funding.
3-year search agreement for physicians/APPs.
All Agenda Items 18 items
Expenses up $60M; revenue up $41.3M; EBITDA $23.2M.
Revenue $19M below budget YTD; CSC subsidy exhausted.
Focus on cost savings; high-risk areas identified.
EBITDA $2.6M vs budget $1.7M; YTD EBITDA $30.9M.
Updates rates and quality incentive program.
Extends term, increases rates for services.
Unbid emergency repair due to cooling failure.
Lease 5 years; end-of-life machines replaced.
5-year agreement for coding accuracy improvement.
36-month AI platform for clinical notes and calls.
New 3-year agreement for 24/7 coverage.
5-year extension at GPO price.
36-month term for dedicated internet.
One-time purchase, 5-year service; end-of-life system.
AI-powered orthopedic apps; per-case fee.
Awarded to Revecore for billing services.
5-year renewal for document management system.
Aggressive goals: 10% surgery increase, flat SWB.