Title
Receive the Natividad Medical Center Financial Report for May 31, 2017
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for May 31, 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 May 31, 2017 was 105.4 compared to a budget of 104.5. NICU, ICU, OB/GYN and Mental Health patient days were below the budget for the month, while Medical/Surgical, Pediatrics and Acute Rehab were higher than budget for the month. Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,603 compared to budget of 4,768, an unfavorable variance of 3.5%. Emergency Department was higher than budget by 7.7%.
Actual net income for the month was $2.7 million compared to a budget net income of $0.2 million. Net patient revenues totaled $20.6 million compared to a budget of $16.7 million. Net revenues improved by 23.1% from improved payer mix. Revenues from Government Funding totaled $3.8 million compared to a budget of $3.2 million. Other operating revenue totaled $1.1 million compared to a budget of $0.5 million. Operating expenses for month were $22.8 million compared to a budget of $20.2 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $1,609,895, Registry expense of $361,197, Purchase Service of $253,297, Supplies of $356,176 and Other Operating Expense of $37,014. Cost per adjusted patient day was higher than budget by $718 or 16.9%. Net revenue per adjusted patient day was higher than budget by $967 or 27.6%.
The average daily inpatient census (ADC) for the year-to-date ended May 31, 2017 was 106.0 compared to a budget of 104.5. ICU, OB/GYN, and Mental Health patient days were below the budget for the per...
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