Title
Receive the Natividad Medical Center Financial Report for April 30, 2017
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for April 30, 2017.
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 April 30, 2017 was 110.9 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, Pediatrics and Acute Rehab were higher than budget for the month. Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,686 compared to budget of 4,768, an unfavorable variance of 1.7%. Emergency Department was higher than budget by 15.2%.
Actual net income for the month was $2.6 million compared to a budget net income of $0.2 million. Net patient revenues totaled $20.5 million compared to a budget of $16.7 million. Net revenues improved by 22.8% from improved payer mix. Revenues from Government Funding totaled $3.7 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 $22.1 million compared to a budget of $20.2 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $902,217, Registry expense of $224,934, Purchase Service of $556,697, Supplies of $287,860 and Other Operating Expense of $139,496. Cost per adjusted patient day was higher than budget by $476 or 11.2%. Net revenue per adjusted patient day was higher than budget by $874 or 24.9%.
The average daily inpatient census (ADC) for the year-to-date ended April 30, 2017 was 106.1 compared to a budget of 104.5. OB/GYN, and Mental Health patient days were below the budget for the...
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