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Board of Directors Quality and Charity Care Trust Inc.

by Bendl,Kurt last modified Jan 21, 2010 04:56 AM

December 12, 2005, Open Session

The Nominating Committee of the Quality and Charity Care Trust Inc., met on Monday, December 12, 2005, at 11:55 a.m. in the Jefferson Room of Grawemeyer Hall, Belknap Campus, with members present and absent as follows:

Present: Mr. Larry Owsley, Chair
Mr. Mike Curtin
Ms. Jane Driskell

University: Ms. Kathleen M. Smith, Assistant Secretary

I. Call to Order

Having determined a quorum present, Chairman Owsley called the meeting to order at 11:55 a.m.

II. Approval ofo Minutes

Ms. Driskell made a motion, which Mr. Curtin seconded, to approve the minutes of February 18, 2005. The motion passed unanimously.

Discussion

The committee noominated the following slate of officers for 2006:

  • Larry Cook, M.D., Chairman
  • Marie Abrams, Vice Chair
  • Mike Curtin, Secretary-Treasurer
Adjournment

There being no further business to discuss, the meeting adjourned at 11:58 a.m.

Board of Directors Quality and Charity Care Trust Inc.

December 12, 2005, Open Session

The Board of Directors of the Quality and Charity Care Trust Inc., met on Monday, December 12, 2005 at 12 noon in the Jefferson Room of Grawemeyer Hall, Belknap Campus, with members present and absent as follows:

Present: Dr. Larry Cook, Chairman
Ms. Marie Abrams, Vice Chairman
Mr. Mike Curtain, Secretary-Treasurer
Ms. Jane Driskell
Mr. Larry Owsley
Ms. Mary Gwen Wheeler

Absent: Ms. Sandy Metts Snowden

From the University: Mr. Glenn Boxxmeyer, Assistant University Counsel
Mr. Robert Barbier, Vice President and CFO, University Hospital
Mr. Rex Davidson, Manager of Foundation Accounting, Controller's Office
Ms. Kathleen Smith, Assistant Secretary
Ms. Debbie Dougherty, Board Liaison

Guests: Ms. Mary McKinley, Senior Partner BKD

I. Call to Order

After determining a quorum present, Chairman Cook called the meeting to order at 12 noon.

II. Approval of Minutes

Ms. Abrams made a motion, which Ms. Driskell seconded, to approve the minutes of February 18, 2004. The motion passed unanimously.

III. Report of the Ombudsperson

Mr. Barbier informed the QCCT board that Mr. John Nord, business office manager for University Hospital, reported there were no issues. The Ombudsman for indigent care received three calls during 2005. All calls were related to clients who were billed for hospital services, and all persons appeared to qualify for the Trust Fund. The ombudsman made follow up calls, and all persons had their hospital bills paid by the Trust Fund. All questions and concerns were handled in a timely manner. Mr. Barbier submitted a written report confirming this information for the record. Ms. Wheeler noted the low number of calls and asked how patients are made aware of the ombudsman service. Mr. Barbier explained signage offers assistance, as well as personnel throughout the entire process of registration and delivery of patient care.

IV. Report of the Nominating Committee

Mr. Owsley reported the Nominating Committee met earlier on December 12. He reported the Committee's slate of officers for 2006. Ms. Wheeler made a motion, which Ms. Driskell seconded, to approve the following slate of officers for 2006.

Dr. Larry Cook, Chairman
Marie Abrams, Vice Chair
Mike Curtin, Secretary-Treasurer

The motion passed unanimously.

V. Action Item: Approval of Audited Financial Statements for FY 2004 and 2005

Mr. Curtain reported that BKD, LLP issued a clean unqualified opinion for the FY 2005 financial statements and Deloitte and Touche issued a clean, unqualified option for the FY 2004 financial statements. Mr. Curtin introduced the University's external auditor, Ms. Mary McKinley of BKD.

Ms. McKinley reported combined receipts from the Commonwealth of Kentucky and the Louisville Metro governments received by the Trust were $31.2 million, $500,000 more than the $30.7 million reported for the year ended June 30, 2004. The Trust remitted $31.4 million to the UMC as compared to $30.7 million for the year ended June 30, 2004. The higher amount in the fiscal year ended June 30, 2005 is a result of a $500,000 increase in funding provided to the Trust as determined annually by the formula set forth in the Trust Agreement. Ms. McKinley reported for FY 2005, the total hospital charges for indigent patients at 100 percent of billling rates established by UMC for hospital care were $19.5 million, an increase of 25.2 percent over last year's total of $154.5 million. According to the Trust Agreement, only 58 percent of teh $112.8 million of these billed charges are eligible for reimbursement. Funding from the Trust amounted to $31.4 million for the year, leaving $75.3 million in eligible patient billing needs that were not reimbursed. Ms. Abrams inquired about any funding changes since the county and city governments merged. Ms. Wheeler explained that Metro Louisville has continued to supply funding equal to the previous agreements for both entities, Jefferson County and City of Louisville. Ms. Driskell pointed out the level of reimbursement/funding remained an agreement between the entities and not an official amendment to the Trust Agreement. She noted the current amount of reimbursement is less than it has been historically. Reimbursements have been consistent except for approximately a 1.5 year period. Ms. Driskell offered to any board member the opportunity to review historical documents. Mr. Owsley made a motion, which Ms. Abrams seconded, to approve the

Chair's recommendation that the Board of Directors accept the audit report for the Quality and Charity Care Trust Inc. for the year ended June 30, 2005 as prepared by BKD and June 30, 2004 as prepared by Deloitte and Touche.

The motion passed unanimously.

VI. Other Business

Mr. Curtin reported the cost escalator for QCCT has been sumbitted to the Council on Postsecondary Education and is included in the request to the Governor. Mr. Curtin anticipates no problems with state funding.

In response to Ms. Driskell's inquiry for the funding formula, Mr. Curtin agreed to supply information in March or April, 2006, as soon as possible.

VIII. Adjournment

Ms. Wheeler made a motion, which Ms. Abrams seconded, to adjourn the meeting at 12:25 p.m. The motion passed unanimously.


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