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Message from the Executive Director Joint Quality Improvement and Program Committee Report
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Finance Committee During the past year, the Finance Committee provided
oversight of CCI’s income and expense statements, monitored
internal management and budgeting controls, and reviewed cash management
procedures to ensure sustained financial stability. The Committee
met monthly and accomplished the following: • Approved CCI’s contract with a second
managed care organization, Amerigroup, additional to Priority Partners
MCO. • Approved CCI’s concept plan to expand
into neighboring Prince George’s County. • Participated in high-level discussions
to examine the feasibility of forming an alliance of county-funded
health-service organizations in Montgomery County. • Reviewed and recommended for Board approval
CCI’s FY 2003 operating budget, including recommendations for
possible cash-decrease situations. • Oversaw redesign of presentation of information
to Finance Committee, including the development of targeted budget
variance reports, allowing for greater management control and decision
making. • Implemented a Committee on-going review
process of CCI’s financial policies. • Approved the FY 2001 Medicaid cost report,
using a changed methodology that seeks to recover reasonable costs
in connection with the Medicaid program. • Guided CCI through continued changes in
the Maryland Medicaid managed care payment methodology. • Reviewed procedures for the improved follow-up
on patient receivables. • Critiqued the roll-out of the new patient
management information system implementation developed by Community
Health Integrated Partnership. • Stressed the importance of moving CCI to an internet claims-based operation, especially in light of the new Health Insurance Portability Accountability Act regulations. |
