Title
Receive the Natividad Medical Center Financial Report for June 30, 2017
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for June 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 June 30, 2017 was 100.7 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 4,258 compared to budget of 4,768, an unfavorable variance of 10.7%. Emergency Department was higher than budget by 2.4%.
Actual net income for the month was $5.3 million compared to a budget net income of $0.2 million. Net patient revenues totaled $20.9 million compared to a budget of $16.7 million. Net revenues improved by 25.0% from improved payer mix. Revenues from Government Funding totaled $6.7 million compared to a budget of $3.2 million. Additional revenues were received from Governmental Funding of $3.0M from new enrollees $1.0M, AB915 $1.5M and SB1732 $0.5M. Other operating revenue totaled $0.5 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 $965,929, Registry expense of $325,750, Purchase Service of $257,386, Supplies of $803,237 and Other Operating Expense of $185,010. Cost per adjusted patient day was higher than budget by $1,126 or 26.5%. Net revenue per adjusted patient day was higher than budget by $1,402 or 40.0%.
The average daily inpatient census (ADC) for the year-to-date ended ...
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