Title
Receive the Natividad Medical Center Financial Report for December 31, 2014
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for December 31, 2014.
SUMMARY:
The Monterey County Board of Supervisors Budget Committee has charged NMC Administration to report monthly on the financial status of the institution.
For the month of December 31, 2014 the average daily inpatient census (ADC) was 87.3 compared to a budget of 95. NICU, Medical/Surgical, Pediatrics, ICU, and OB/GYN patient days were below the budget for the month, while Acute Rehabilitation, Trauma, and Mental Health were higher for the month. Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,090 compared to budget of 4,144, an unfavorable variance of 1.3%. Emergency Department visits were higher than budget by 3.0%.
Actual net income for the month was $0.7 million compared to a budget net loss of $0.5 million. Net patient revenues totaled $12.0 million compared to a budget of $12.1 million. Revenues from Government funding totaled $4.8 million compared to a budget of $2.9 million. The increase resulted from additional funding for the newly enrollees from Medi-Cal managed care. Other operating revenue totaled $0.4 million compared to a budget of $0.4 million. Operating expenses for the month were $16.5 million compared to a budget of $16.0 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $185,000 Registry Expense of $164,000, Phys/Residents SWB & Contract Fees of $68,000, and Supplies of $417,000. Cost per adjusted patient day was higher than budget by $167.00 or 4.3%.
The average daily inpatient census (ADC) for the year-to-date ended December 31, 2014 was 91.7 compared to a budget of 95. Medical/Surgical, ICU, OB/GYN, and Pediatric patient days were below the budget for the mont...
Click here for full text