Title
Receive the Natividad Medical Center Financial Report for October 31, 2017
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for October 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 October 31, 2017 was 110.0 as compared to a budget of 104.9. PEDs, OB/GYN and Mental Health patient days were below the budget for the month, while NICU, Medical/Surgical, and Acute Rehab were higher than budget for the month. ICU was at budget for the month Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,897 compared to budget of 4,617, a favorable variance of 6.1%. Emergency Department was higher than budget by 17.8%.
Actual net income for the month was $8.1 million compared to a budget net income of $0.8 million. Net patient revenues totaled $21.4 million compared to a budget of $18.9 million. Net revenues improved by 13.3% from improved payer mix. Revenues from Government Funding totaled $8.7 million compared to a budget of $3.6 million. Medi-Cal Managed Care Rate Range FY15/16 was received, exceeding preliminary estimates. Other operating revenue totaled $0.5 million compared to a budget of $0.6 million. Operating expenses for month were $22.4 million compared to a budget of $22.3 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages, & Benefits of $231,486, Registry of $107,44, Physician Expense of $225,295, Insurance of $17,792, Utilities and Telephone of $37,887 and Other Operating Expenses of $21,603. Cost per adjusted patient day was lower than budget by $247 or 5.1%. Net revenue per adjusted patient day was higher than budget by $1,247 or 25.0%.
The average daily inpatient census (ADC) for the y...
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