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[7] > Image [7] of Minutes of the University of Kentucky Board of Trustees, 1994-10-dec13.

Part of Minutes of the University of Kentucky Board of Trustees

- 7 - U. Patent Assignment (FOR 4) Mr. Chellgren said that FCR 4 relates to an invention by a relatively new Assistant Professor, Todd Smith. This invention relates to the medical field, and more particularly to an apparatus and method for the reliable, time-released delivery of a selected medical preparation. This is considered to have potential commercial applications. He moved that the Board authorize the President to execute an assignment on behalf of the Board to the University of Kentucky Research Foundation the following Letters Patent of the United States and the invention represented thereby: Todd T. Smith, Serial No. (to be assigned), filed October 28, 1994. His motion, seconded by Mr. Shoop, carried. (See FCR 4 at the end of the Minutes.) V. Sewer Easement to City of Owensboro to Benefit Daviess County Board of Education (FOR 5) Mr. Chellgren said that FCR 5 recommends that the President or his designee be authorized to execute a permanent easement across the Owensboro Community College campus for sewer facilities to be constructed and maintained by the City of Owensboro, Kentucky. He explained that the sewer easement is to accommodate lines running to a new middle school currently under construction by the Daviess County Board of Education on New Hartford Road across from the Community College's main entrance. He noted that this will also improve the sanitary sewer service to the Owensboro Community College. On motion made by Mr. Chellgren, seconded by Mrs. Weinberg and passed, FCR 5 was approved. (See FCR 5 at the end of the Minutes.) W. A Resolution Authorizing the jniversitv's Participation in the Formation of an Integrated Delivery System and its Associated Corporate Bodiesz Including a Provider Network and a Service Corporation which will Ownand Control a Managed Care Organization, such as an HMO and Other Related Businesses (FOR 6) Mr. Chellgren said that this item is complex. It requires a commitment by the University of up to $6,000,000. He asked Chancellor Holsinger to discuss the implications of FCR 6. Chancellor Holsinger said that FCR 6 is a resolution that authorizes the University's participation in the formation of an integrated health care delivery system and its associate corporate bodies. This includes a provider network and a service corporation which will own and control a managed care organization such as a health maintenance organization and other related businesses. In April of this year House Bill 250 passed the legislature of the Commonwealth and the state entered into an era of health care reform. The result of that has been for the Medical Center to look to the future to see how we might most effectively enter into the provision of health care services to the citizens of the Commonwealth particularly in eastern and central Kentucky. Utilizing Commonwealth Health Care Alliance, which has been in place for several years now, is a way to do that. He explained that a number of hospitals and physicians across eastern and central Kentucky have come together to develop a provider network that will be in place and able to bid on a variety of contract possibilities either with the state or with businesses, corporations, or other groups of individuals who