PRESIDENT'S COUNCIL MINUTES
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%
- 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.
- 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.
- Foundation has new and improved website with gift forms, agreements
- 2.98% debt reduction through refinance of MUSC Foundation properties
- 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.
- 1.7M visitors a month to The Catalyst
- 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.
- 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”
- 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.
- Working on update of Board of Trustee by-laws and policies manual Faculty Senate
- Preparing for faculty orientation sessions
- Preparing for faculty orientation sessions