Title
Receive the Natividad Medical Center Financial Report for September 30, 2017
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for September 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 September 30, 2017 was 114.6 as compared to a budget of 104.9. PEDs and Mental Health patient days were below the budget for the month, while NICU, Medical/Surgical, ICU, Acute Rehab and OB/GYN were higher than budget for the month. Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,846 compared to budget of 4,469, a favorable variance of 8.4%. Emergency Department was higher than budget by 26.2%.
Actual net income for the month was $1.9 million compared to a budget net income of $0.8 million. Net patient revenues totaled $19.9 million compared to a budget of $18.9 million. Net revenues improved by 5.8% from improved payer mix. Revenues from Government Funding totaled $3.8 million compared to a budget of $3.6 million. Other operating revenue totaled $0.5 million compared to a budget of $0.6 million. Operating expenses for month were $22.3 million compared to a budget of $22.3 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $678,068, Registry of $74,203, Physician Expense of $273,210, Insurance of $32,171, Utilities and Telephone of $58,364 and Other Operating Expenses of $81,759. Cost per adjusted patient day was lower than budget by $379 or 7.6%. Net revenue per adjusted patient day was lower than budget by $150 or 2.9%.
The average daily inpatient census (ADC) for the year-to-date ended September 30, 2017 was 109.1 compared to a budget of 104.9. PEDS and Mental Health patient days ...
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