Title
Receive the Natividad Medical Center Financial Report for December 31, 2016
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for December 31, 2016.
SUMMARY:
The Monterey County Board of Supervisors Budget Committee has charged NMC Administration to report monthly on the financial status of the institution.
The average daily inpatient census (ADC) for the month of December 31, 2016 was 107.1 compared to a budget of 104.5. ICU, OB/GYN and Mental Health patient days were below the budget for the month, while NICU, Medical/Surgical, and Pediatrics were higher than budget for the month and Acute Rehab was at budget. Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,678 compared to budget of 4,768, an unfavorable variance of 1.9%. Emergency Department were lower than budget by 5.6%.
Actual net income for the month was $1.7 million compared to a budget net income of $0.2 million. Net patient revenues totaled $19.2 million compared to a budget of $16.7 million. Net revenues improved by 14.5% from improved payer mix. Revenues from Government funding totaled $3.5 million compared to a budget of $3.2 million. Other operating revenue totaled $0.5 million compared to a budget of $0.5 million. Operating expenses for month were $21.5 million compared to a budget of $20.2 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $100,576, Registry expense of $281,425, Purchase Service of $733,613 and Supplies of $157,976. Cost per adjusted patient day was higher than budget by $346.00 or 8.2%. Net revenue per adjusted patient day was higher than budget by $585.00 or 16.7%.
The average daily inpatient census (ADC) for the year-to-date ended December 31, 2016 was 104.8 compared to a budget of 104.5. NICU, ICU, OB/GYN, and Mental Health, patient days were below the budget...
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