Title
Receive the Natividad Medical Center Financial Report for November 30, 2018
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors' Budget Committee receive the Natividad Medical Center Financial Report for November 30, 2018.
SUMMARY/DISCUSSION:
The 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 November 30, 2018 was 109.9 as compared to a budget of 110.4. Medical/Surgical, PEDS and Mental Health patient days were below the budget for the month, while NICU, ICU, Acute Rehab and OB/GYN were higher than budget for the month. Adjusted patient days (including both inpatient and outpatient volumes) totaled 4,685 compared to budget of 4,704, an unfavorable variance of 0.4%. Emergency Department was higher than budget by 0.2%.
Actual net income for the month was $2.2 million compared to a budgeted net income of $1.2 million. Net patient revenues totaled $21.0 million compared to a budget of $20.0 million. Net patient revenues exceeded budget by 4.9% due to an improved payer mix. Revenues from Government Funding totaled $4.7 million compared to a budget of $4.5 million. Other operating revenue totaled $0.6 million compared to a budget of $0.5 million. Operating expenses for the month were $24.1 million compared to a budget of $23.8 million. Unfavorable operating expense variances were noted in the areas of Salaries, Wages & Benefits of $248,391, Registry of $424,656, Physicians of $78,795, Supplies of $12,542, Insurance of $5,871, Depreciation of $61,931 and Other Operating Expense of $169,932. Cost per adjusted patient day was higher than budget by $81 or 1.6%. Net revenue per adjusted patient day was higher than budget by $290 or 5.4%.
The average daily inpatient census (ADC) for the year-to-date ending November 30, 2018 was 109.9 as compared to a budget of 110.4. Medical/Surgical, Acute Rehab and ...
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