Title
Receive the Natividad Medical Center Financial Report for April 30, 2016
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for April 30, 2016.
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 ended April 30, 2016 the average daily inpatient census (ADC) was 107.1 compared to a budget of 102. NICU, ICU, and OB/GYN, patient days were below the budget for the month, while Pediatrics, Mental Health, Medical/Surgical, and Acute Rehabilitation were higher than budget for the month. Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,734 compared to budget of 4,655, a favorable variance of 1.7%. Emergency Department visits were lower than budget by 1.7%.
Actual net income for the month was $1,188,000 compared to a budget net income of $211,000. Net patient revenues totaled $18.3 million compared to a budget of $14.7 million. The increase in net revenues by 24.1% resulted from improved payer mix primarily from patients with trauma service needs. Revenues from Government funding totaled $3.3 million compared to a budget of $3.1 million. Other operating revenue totaled $0.4 million compared to a budget of $0.4 million. Operating expenses for the month were $20.8 million compared to a budget of $18.0 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $1,655,000, Registry expenses of $67,000 related to supplementing radiology technicians, surgery technicians, emergency room nurses, labor and delivery nurses, and intensive care nurses. Purchased Services were higher than budget by $393,000. Expenses in Supplies were higher than budget by $896,000 from surgical devices, medical instruments and surgical supplies. Cost per adjusted p...
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