Title
Receive Natividad Medical Center’s Financial Report for the fourth quarter (April thru June 2025) of fiscal year 2025.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors Budget Committee receive Natividad Medical Center’s Financial Report for the fourth quarter (April thru June 2025) of fiscal year 2025.
SUMMARY/DISCUSSION:
The average daily inpatient census (ADC) for the quarter was 120.8 compared to budget of 127.2. Med/Surg, OBGYN, NICU, and ICU patient days were below budget for this period, while PEDs, PSY and ARU census were higher than budget. Patient days for the quarter were 5.0% lower than budget due to decreased patients in the quarter. The average adjusted patient days (including both inpatient and outpatient volumes) were 16,616 compared to budget of 16,983 which was unfavorable by 2.2%. Emergency Department visits were lower than budget by 9.0% for the quarter.
Total net margin for the quarter was positive (revenues more than expenses) at $4.6 million compared to the budget net margin of $339 thousand due to strong outpatient volumes, favorable payor mix and increase in other operating income.
Net patient revenues totaled $82.9 million for the quarter compared to budget of $78.1 million. Net patient revenues were better than budget by 6.3% due to improved collection rates and stronger outpatient revenue. Revenues from Government Funding of $26.3 million exceeded budget by $2.8 million. The other operating revenues were $5.1 million or 161.3% higher than budget due mainly to higher interest rates, specialty care incentive and quality incentive compensation received from Central California Alliance Health for the full quarter of Q4 and remaining amount for Q3. Interest income was higher than budget by $3.2 million for the quarter. Rent income were slightly higher than budget. Operating expenses for the quarter were $113.0 million compared to budget of $104.5 million or increase of 8.2%. The increase in costs w...
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