Title
Receive the Natividad Medical Center Financial Report for June 30, 2015
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for June 30, 2015.
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 June 30, 2015 the average daily inpatient census (ADC) was 112.3 compared to a budget of 109.5. Medical/Surgical, ICU, and OB/GYN patient days were below the budget for the month, while NICU, Mental Health, Acute Rehabilitation, Pediatrics, and Trauma were higher than budget for the month. Adjusted patient days (including both inpatient and outpatient volumes) totaled 5,075 compared to budget of 4,624, a favorable variance of 9.8%. Emergency Department visits were higher than budget by 10.5%.
Actual net income for the month was $5.5 million compared to a budget net loss of $109,000. Net patient revenues totaled $16.0 million compared to a budget of $13.6 million. The increase in net revenues by 18.1% resulted from improved payer mix primarily from patients with trauma service needs. Revenues from Government funding totaled $8.6 million compared to a budget of $2.9 million. Other operating revenue totaled $1.2 million compared to a budget of $0.4 million. Operating expenses for the month were $20.3 million compared to a budget of $17.3 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $991,000. Registry expenses of $155,000 related to supplementing radiology technicians, surgery technicians, emergency room nurses, labor and delivery nurses, and intensive care nurses. Expenses in Physician SWB were higher than budget by $130,000. Expenses in Purchased Services were higher than budget by $979,000. Expenses in Supplies were higher than budget by $919,000 from ...
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