Present: Tom Anderson, Phil Costello, Jim Fisher, Ray Greenberg, Chip Hood, Jerry Reves, Lisa Montgomery, John Raymond, Jerry Reves, Sabra Slaughter, Wally Bonaparte, Sarah King, Stuart Smith, Bart Yancey.

Guests: Patrick Wamsley, Mary Mauldin, Gina Ramsey, Mike Keels, Steve Hargett, Steve Valerio, Maurice Snook, Susan Barnhardt, Susie Edwards, Christine Smalls-Brown, Kerri Glover

ITEM I. WINS

• The Medical University Hospital is full, providing tangible evidence of the Hospital’s successful turnaround.
• Opening of the Gamma Knife for Hollings Cancer Center on this date. This was an arduous 4-year process.
• The remodeled cafeteria has opened • Jack Sanders signed a Chief Scientist faculty member to potentially support military medicine from his College.
• The Department of Ob/Gyn has recruited a Center of Economic Excellence Chair for Marine Genomics, Louis Guillette from the University of Florida.
• Four Distinguished University Professors nominations will be presented before the Board of Trustees in February –Dr. Andrew Kraft, Dr. Bill Creasman, Dr. Kathleen Brady and Dr. Jerry Reves.
• Tom Anderson reported Endowment Investment is up 24.2% and puts MUSC Foundation in top one-third of all endowments in NACUBO peers. MUSC Foundation will assess opportunities on payout allocations for the coming fiscal year.

ITEM II. Updates

University Financials (Patrick Wamsley)

• Days operating cash – 68 days (last year 39)
• Federal grants up $6.6M--primarily due to ARRA funding

Hospital Financials (Steve Hargett)

• More efficiency in bed turnover with sicker patients has continued to improve bottom line. Recognized a loss on borrowed money for ART ($8.75M).
• 9% operating margin – really strong
• 14.2 days cash on hand

UMA Financials (Gina Ramsey)

• RVU’s up 20% • Operating revenues up 15%
• Cash collections up 14%

Center Designations

• Head and Neck Tumor Center – Center designation will help with fundraising and with improving chances for a program project grant application.
• Center for Biostatistics and Epidemiology – Faculty feel they need national platform to function as an institutional core service provider.
• Both Center designations were approved.

College of Dental Medicine MSD track

• Formally adding this track helps with intellectual productivity and research and allows students to borrow money to support work in this program.
• This track was approved.

PCI Compliance (Melissa Smith)

• Recommended baseline policies on credit card acceptance, management and utilization.
• Further study is being done on cost elements and logistics of implementation.
• Follow up to subsequent President Council to discuss funding.

Strategic Planning

• A focused timeframe MUSC Strategic Planning process is underway.
• There is a webpage at http://academicdepartments.musc.edu/strategicplanning under the administration section of main webpage menu.
• A comment section will be added to the website for feedback from a broader audience.

Social Media Guidelines

• Kerri Glover presented potential standards for social networking sites and blogs-(i.e., Twitter and Facebook).
• General consensus was that oversight of this activity falls under same institutional and affiliate personnel guidelines for appropriate communications by employees.
• OCIO doesn’t want to govern content beyond institutional guidelines that are already available.

General Updates

MUSC Foundation

• Foundation has new and improved website with gift forms, agreements
• 2.98% debt reduction through refinance of MUSC Foundation properties

UMA

• Continue to make progress on enhancing clinical outreach activities in certain areas of Tri-County

Foundation for Research Development

• Hiring a business development position to engage industry
• FRD is initiating a Pilot Project that focuses on device innovation conceptualization that brings in team of experts and resources together.

Public Relations

• 1.7M visitors a month to The Catalyst

EEOC

• Conducted a mock OFCCP audit with Hospital and University.
• Black History Inter Collegiate Consortium will have an MLK program in February honoring SCCOP Dean Joe DiPiro.

VPAA

• New Research buildings are making excellent progress
• VPAA and VPFA are charging two financial task force committees to assess optimization of fund allocation--aka “Funds Flow”

President

• Frank Clark working on ARRA funded “Beacon” grants.
• SHARP grant was submitted on Monday and is focused on Health IT security.
• COM Dean search committee has made recommendations for 3 finalists.

Internal Audit

• Working on update of Board of Trustee by-laws and policies manual Faculty Senate
• Preparing for faculty orientation sessions

Faculty Senate

• Preparing for faculty orientation sessions