Finance and Administration - Board of Trustees - The University of ...

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Finance and Administration Committee - III. Minutes of Last Meeting1Commission a cost for resident malpractice coverage. Residents are notcovered via some third party malpractice.He then presented the crux of his presentation. He showed the fundingformula for 2011 at Erlanger. They spent about $24.8 million and the moneywas broken down as follows:Resident Compensation and Malpractice - $12.3 MillionGME Program Administration - $2.1 MillionFaculty/Program Support - $5.3 MillionLeased Faculty (PSA) - $5.1 MillionThey are paying the leased faculty Physician Services Agreement thatChancellor Schwab spoke of earlier. They are paying that in two differentstrategies but the Erlanger Hospital was in control of it. Literally, the Dean inChattanooga has to go back to the Erlanger Hospital for everything that needsto be spent. He has to ask their permission or ask for incremental resources.Without putting the Erlanger Hospital in the situation of asking them to comeup with $7.3 million in new money – we restructure the financing scheme andhave now gone away from the Physician Services Agreement. The fact thatthe Practice Plan will be this entity that exists as part of Erlanger Hospital –we have now created a support payment that the Hospital pays directly to theDean of the College of Medicine. The $7.3 million, while it is not newexpenditures by the Hospital it is being spent in a different way. The Dean ofthe Practice Plan will have the latitude to spend that money as he sees fit torecruit additions for the Practice Plan and the College of Medicine. Again, insupport of the clinical mission of Erlanger Hospital System. We see this as amajor step for us. The Practice Plan will be comprised of all Universityfaculty initially. The plan is to start to bring in practice groups and get themconverted over to University faculty. It is our hope and expectation that thePractice Plan at Erlanger/Chattanooga will grow over the next three to fiveyears. Trustee Hall commented that the same outside consultant did a studyfor the medical unit at Chattanooga and made the same recommendation.Again, that is what is being followed and he thanked Trustee Foy who spent agreat deal of time also working through this with the Board of Trustees atErlanger Hospital. He said that he believed it would raise the profile of ourmedical unit at Chattanooga that we have quite an investment in and shouldbe a win/win for both the Erlanger System as well as the presence of the UTMedical Center in Chattanooga. Most importantly, there won’t be anyquestion that the UT colors in regard to this will be orange and Vice PresidentDye will be able to make sure all of the letterhead is UT orange without anycontroversy. Vice Chancellor stated that to that point, we are in the processof developing a real marketing strategy where the Hospital will be co-2325
Finance and Administration Committee - III. Minutes of Last Meeting1branded with the University of Tennessee logo. He then spoke to thediscussion that he and Trustee Foy had some time ago – we are talking to theErlanger Board of Trustees about consideration of inviting a member of theUniversity of Tennessee Board of Trustees to sit on their Board. That requesthad been raised with them and they are receptive the idea.Vice Chair Stansberry asked if there was any problem in using the UT brandin a medical facility in Chattanooga with our relationship with the medicalcenter here in Knoxville. Has anyone check the legalities of that. GeneralCounsel Mizell commented not specifically but we will. Vice ChairStansberry cautioned that it should be treated carefully.XIII.Report of the Committee on Effectiveness and Efficiency for the Future—Information Item (Exhibit 16)—Chair Talbott asked Trustee Horne to presentthe Report of the Committee on Effectiveness and Efficiency for the Future.He began by saying Ron Loewen, the staff representative for the Committeeon Effectiveness and Efficiency for the Future handed out summary cardsthat the Trustees asked for. The next meeting will be in Nashville and willhopefully have legislators attend as well as the principle folks there to notethe savings and efficiencies that have been realized. He then thanked thePresident, Chancellors and Institute Directors for the good work with theCommittee. We work together and stay in touch with all of them on thiswork and will continue to do so.There have been savings of over $52 million through August 2011. We willcontinue to pursue any ideas that come in from faculty, staff, students and thepublic. He then expressed that the Committee’s work should be continued asa joint effort between the Board of Trustees and the administration. ChairTalbott then thanked him for his service on this committee.Trustee Wharton asked about the table that listed project activities and theestimated efficiencies and suggested another metric to be added to the rightof estimated efficiencies. He wasn’t sure if his proposed metric would workfor the administration or the Institute of Public Service. Perhaps there couldbe a percentage of revenue added per each estimate of efficiency per campus.He explained that the way he looked at it Chattanooga and Martin arebasically about the same size but Martin has approximately $500,000 more ayear and the reasons behind that would be helpful and where there may beother significant differences. He would like to see how much has been savedand what the potential might be. He followed up by saying that was hissuggestion so that there is a scorecard and can show per campus. Heexplained that he did not know what the metric would be for administration,Institute of Public Service and the Institute of Agriculture. President DiPietro2426
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