Title
Receive Natividad Medical Center's Financial Report for the quarter September thru November 2019.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors' Budget Committee receive Natividad Medical Center's Financial Report for the quarter September thru November 2019.
SUMMARY/DISCUSSION:
The average daily inpatient census (ADC) for the period quarter was 112 compared to a budget of 110.0. NICU, ICU, PEDs and OB/GYN patient days were below the budget for this period, while Med/Surg, Acute Rehab and Mental Health were higher than budget for the same period. The average adjusted patient days (including both inpatient and outpatient volumes) totaled 4,914 compared to budget of 4,688, a favorable variance of 4.8%. Emergency Department visits were lower than budget by 9.8%.
Actual net income for the quarter was $5.9 million compared to a budgeted net income of $2.8 million. Net patient revenues totaled $66 million compared to a budget of $64.7 million. Net patient revenues were higher than budget by 2% due to payer mix volumes. Revenues from Government Funding were $15.3 million. Other operating revenue totaled $2.8 million compared to a budget of $1.9 million primarily due to interest income higher than anticipated. Operating expenses for the period September through November, 2019 were $78.3 million compared to a budget of $78.6 million. Net revenue per adjusted patient day was lower than budget by $68 or .4%.
The year-to-date average daily inpatient census as of November was 112.1 as compared to a budget of 110.0. Areas in NICU, ICU, PEDs and OB/GYN were below than budget while Med/Surg, Acute Rehab and Mental Health were higher than budget. Adjusted patient days (including both inpatient and outpatient volumes) totaled 24,873 compared to budget of 23,898, a favorable variance of 4.1%. Emergency Department was lower than budget by 4%.
Net income year-to-date was $8.5 million compared to a budgeted net income of $4.6 million. Net pat...
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