Title
Receive Natividad Medical Center's Financial Report for the second quarter (October 2022 thru December 2022) of fiscal year 2023.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors' Budget Committee receive Natividad Medical Center's Financial Report for the second quarter (October 2022 thru December 2022) of fiscal year 2023.
SUMMARY/DISCUSSION:
The average daily inpatient census (ADC) for the quarter was 127.8 compared to budget of 123.0 or a 3.9% higher than budget. Services for medical surgical and rehabilitation experienced an increase in census while specialty services for neonatal intensive care, adult intensive care, labor and delivery and behavioral services had a lower census than budget. Patients affected by Covid continues to be treated an average of 3 patients per day during the first two months of the quarter and a slight increase to 5 patients per day in the last month of the quarter or in December.
The average adjusted patient days (including both inpatient and outpatient volumes) were 16,920 compared to budget of 15,974 which was favorable by 5.9%. Emergency Department visits were higher than budget by 18.8% for the quarter.
Net revenues for the quarter were lower than expenses by $1.3 million compared to the budget net margin of $1.4 million.
Registry expenses were significantly high during the quarter at $7.2 million or an average of $2.4 million per month while a typical month is around $1.2 million. Registry is used to contract clinical personnel primarily nurses to assist with caring of patients in the hospital. Factors contributing to the increase of contracted nurses were higher census, higher vacancies and additional staffing needs from employees on vacation during the past holidays during the quarter.
Net patient revenues totaled $76.0 million for the quarter compared to budget of $71.4 million. Net patient revenues were significantly higher than budget by 6.4% due to higher inpatient days a...
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