UTMB Faculty Senate Minutes
Monday, November 11, 2024

Open Senate Meeting:

  1. Call to Order –Jacquelyn Svoboda, DNP, APRN, WHNP-BC, Faculty Senate Chair.
    • The meeting was called to order at 4:31pm.
    • Dr. Svoboda discussed the availability for attendance. We will always offer a Teams option during the open meeting for non-senators only. Senate members will attend in person.

  2. Attendance “Roll Call” & Establishing Quorum
    • Quorum Met 
  3. Agenda Adoption
    • Consent Agenda Adoption – Approved 
  4. Review & Approval of Minutes– Minutes were approved by majority vote via email.

  5. Announcements: Guest Speaker: Jamie Bailey, MBA, CPA, CFE, Executive Vice President and Chief Financial Officer

    Financial Updates
  1. EVP & Chief Financial Officer, Jamie Bailey presented the Senate with a financial update.
  2. Highlights from his presentation discussed the following topics:
    • Operating Expenses grew by 11.0%
    • Excluding Quality of Earnings items, Operating Revenue grew by 9.5% over PY operations
    • Almost all hospital stats improved over prior year - Discharges by 6.0%, Surgical Cases by 6.1%, and Outpatient Encounters by 2.9%
    • Quality of Earnings items contributed $84.0M and Contract and Retail Pharmacy contributed $6.4M
    • 6.7% increase in Surgical Cases
    • $20M Net to Expected rate improvement
    • We need to have less and less reliability on state appropriations as time goes on
    • Possibly reporting as one entity in the future instead of dividing the Health System vs. the Academic Enterprise
    • Our benefits are very competitive and sometimes outweigh many other health systems in the Houston area.
    • An AI council has been initiated with their #1 priority to be efficiency
    • In efforts to spend less on interest and more on capital, we now have prioritized list to tackle these debts dating back to Hurricane Ike.
    • PTO discussion
  3. Unfinished Business & General Orders
    1. No Feedback or further questions before closed session began.
  4. New Business
     Motion: Chair - entertain a motion to move into executive session (closed session) for senator business and committee meetings. Motion was made with a second to begin closed session at 5:18pm.

  5. Announcements: None

  6. Adjournment
    7.